Parma, ID vs Teton, ID

Parma, ID and Teton, ID have a very similar cost of living, with only a 0.7% difference in their overall index. Parma scores 81 while Teton scores 82 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 Parma is $955/month compared to $869/month in Teton — a 10% difference. Interestingly, home values tell a different story: while Teton has cheaper rent, Parma actually has lower median home values ($232,400 vs $278,800).

Median household income in Parma is $47,798 compared to $77,667 in Teton (-38.5%). While Teton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Parma spend roughly 24% of their income on rent, more than the 13.4% in Teton.