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Mackay, ID vs Parma, ID

67
Mackay
Idaho
VS
-17.4%
81
Parma
Idaho

There is a significant gap in the cost of living between these two cities. Mackay is 17.4% cheaper than Parma. With a cost index of 67 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Mackay to Parma should plan for substantially higher expenses across most categories.

On the housing front, median rent in Mackay is $631/month compared to $955/month in Parma — a 34% difference. Home values follow the same pattern: Mackay is more affordable at $187,500 median vs $232,400.

Median household income in Mackay is $41,474 compared to $47,798 in Parma (-13.2%). The higher salaries in Parma partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Mackay spend roughly 18.3% of their income on rent, less than the 24% in Parma.

Income & Cost

Cost of Living Index
Mackay
67
17% cheaper
Parma
81
Median Household Income
Mackay
$41,474
Parma
$47,798
13% higher

Housing

Median Rent
Mackay
$631
34% cheaper
Parma
$955
Median Home Value
Mackay
$187,500
19% cheaper
Parma
$232,400
Population
Mackay
719
Parma
1,836

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Mackay
Parma $2.94
US $3.07
🥚
Eggs (grade A, large)
Mackay
Parma $2.40
US $2.50
🥛
Milk (whole)
Mackay
Parma $3.86
US $4.03
🍞
Bread (white)
Mackay
Parma $1.77
US $1.85
🍗
Chicken breast
Mackay
Parma $3.97
US $4.14
Electricity
Mackay
Parma $0.13
US $0.19