Parma, OH vs Wooster, OH

Parma, OH and Wooster, OH have a very similar cost of living, with only a 3% difference in their overall index. Parma scores 77 while Wooster scores 75 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 $1,053/month compared to $882/month in Wooster — a 19% difference. Interestingly, home values tell a different story: while Wooster has cheaper rent, Parma actually has lower median home values ($157,600 vs $198,400).

Median household income in Parma is $67,425 compared to $65,888 in Wooster (+2.3%). The higher salaries in Parma partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Parma spend roughly 18.7% of their income on rent, more than the 16.1% in Wooster.