Marquand, MO vs Parma, MO

Marquand, MO and Parma, MO have a very similar cost of living, with only a 0.5% difference in their overall index. Marquand scores 55 while Parma scores 55 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 Marquand is $530/month compared to $670/month in Parma — a 21% difference. Interestingly, home values tell a different story: while Marquand has cheaper rent, Parma actually has lower median home values ($35,800 vs $107,300).

Median household income in Marquand is $44,844 compared to $63,500 in Parma (-29.4%). 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 Marquand spend roughly 14.2% of their income on rent, more than the 12.7% in Parma.