Gooding, ID vs Parma, ID

Gooding is moderately more affordable than Parma, with a 9.7% lower cost of living index. Gooding scores 73 compared to 81 for Parma, where the US average is 100. This difference means residents of Parma can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Gooding is $869/month compared to $955/month in Parma — a 9% difference. Home values follow the same pattern: Gooding is more affordable at $175,800 median vs $232,400.

Median household income in Gooding is $36,889 compared to $47,798 in Parma (-22.8%). While Parma is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Gooding spend roughly 28.3% of their income on rent, more than the 24% in Parma.