Parma, MI
624Residents
$71,250Median household income
$1,065/moMedian gross rent
$158,500Median home value
35.3Median age
22%Adults with a bachelor’s degree or higher
79%Homes lived in by their owners
2.2×Home value to household income
Median rent takes about 18% of the median household income in Parma.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $43,000 a year. In Michigan that leaves roughly $2,909 a month after tax. See the full paycheck breakdown for $45,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.