Hamilton, OH vs Parma, OH

Hamilton, OH and Parma, OH have a very similar cost of living, with only a 3.1% difference in their overall index. Hamilton scores 75 while Parma scores 77 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Hamilton is $974/month compared to $1,053/month in Parma — a 8% difference. Home values follow the same pattern: Hamilton is more affordable at $152,300 median vs $157,600.

Median household income in Hamilton is $54,293 compared to $67,425 in Parma (-19.5%). 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 Hamilton spend roughly 21.5% of their income on rent, more than the 18.7% in Parma.