Lima, OH vs Parma, OH

There is a significant gap in the cost of living between these two cities. Lima is 16.3% cheaper than Parma. With a cost index of 65 vs 77, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lima to Parma should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lima is $865/month compared to $1,053/month in Parma — a 18% difference. Home values follow the same pattern: Lima is more affordable at $95,900 median vs $157,600.

Median household income in Lima is $43,370 compared to $67,425 in Parma (-35.7%). 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 Lima spend roughly 23.9% of their income on rent, more than the 18.7% in Parma.