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Parma, MI vs Sebewaing, MI

74
Parma
Michigan
VS
+23.4%
60
Sebewaing
Michigan

There is a significant gap in the cost of living between these two cities. Sebewaing is 23.4% cheaper than Parma. With a cost index of 60 vs 74, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Sebewaing to Parma should plan for substantially higher expenses across most categories.

On the housing front, median rent in Parma is $1,050/month compared to $645/month in Sebewaing — a 63% difference. Home values follow the same pattern: Sebewaing is more affordable at $94,800 median vs $121,300.

Median household income in Parma is $71,413 compared to $50,779 in Sebewaing (+40.6%). 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 Parma spend roughly 17.6% of their income on rent, more than the 15.2% in Sebewaing.

Income & Cost

Cost of Living Index
Parma
74
Sebewaing
60
19% cheaper
Median Household Income
Parma
$71,413
29% higher
Sebewaing
$50,779

Housing

Median Rent
Parma
$1,050
Sebewaing
$645
39% cheaper
Median Home Value
Parma
$121,300
Sebewaing
$94,800
22% cheaper
Population
Parma
653
Sebewaing
1,921

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Parma $2.88
Sebewaing
US $3.07
🥚
Eggs (grade A, large)
Parma $2.35
Sebewaing
US $2.50
🥛
Milk (whole)
Parma $3.79
Sebewaing
US $4.03
🍞
Bread (white)
Parma $1.74
Sebewaing
US $1.85
🍗
Chicken breast
Parma $3.90
Sebewaing
US $4.14
Electricity
Parma $0.19
Sebewaing
US $0.19