Parma, ID
Population 1,836 · Idaho
About Parma, ID
Parma is a small town located in Idaho with a population of 1,836 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,798 per year, which is 36% below the national median of $75,149. The median age of 39.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Parma features a median home value of $232,400, which is 5% below the national median of $244,900. This positions Parma in a moderately priced market relative to the rest of the country. Median monthly rent is $955, 18% below the national average of $1,163/month. Of the 722 total housing units, 66% are owner-occupied (463 units) and 34% are renter-occupied (239 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Parma shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 20.2%, above the national average of 12.4%. Workers in Parma have an average one-way commute time of 21.2 minutes.
Education & Demographics
12.0% of Parma residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 28.6% White, 2.4% Hispanic or Latino, 0.2% Black or African American, and 0.3% Asian residents, with 9.8% of the population being foreign-born.
Cost of Living in Parma, ID
Compared to national averages, Parma has a median household income of $47,798 (36% below the national median of $75,149). Home values average $232,400, which is 5% below the national median. Monthly rent at $955 is 18% below the US average of $1,163. Within Idaho, Parma's income is 27% below the state average of $65,190, and home values are 15% below the state median of $274,721.
Why Live in Parma, ID?
Parma offers affordable housing with a median home value of $232,400, below the US average of $244,900, and rent that’s lower than the national average at $955/month, and a strong job market with an unemployment rate of just 3.4%. Additionally, the city features short commute times averaging just 21.2 minutes.
Potential considerations include median household income ($47,798) that falls below the national average. However, Parma’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Parma has a population of 1,836 with a median age of 39.2 years. Compare Parma with other cities to see how it stacks up, or explore all cities in Idaho.
Similar Cities Near Parma
Cities in Idaho with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| New Plymouth | 1,863 | $59,875 | $199,200 | Compare |
| Spirit Lake | 1,768 | $60,938 | $380,800 | Compare |
| Osburn | 1,728 | $44,583 | $182,800 | Compare |
| Wilder | 1,690 | $55,938 | $215,600 | Compare |
| Shoshone | 1,985 | $56,050 | $187,800 | Compare |
| Sugar City | 2,011 | $71,944 | $308,000 | Compare |
| Pinehurst | 2,014 | $66,447 | $267,100 | Compare |
| Paul | 1,615 | $62,830 | $251,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Idaho
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Parma With Other Cities
Frequently Asked Questions about Parma
What is the population of Parma, ID?
The population of Parma, ID is 1,836 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Idaho.
What is the median household income in Parma?
The median household income in Parma, ID is $47,798 per year, which is 36% below the national median of $75,149.
What is the median home value in Parma?
The median home value in Parma, ID is $232,400, which is 5% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Parma?
The median monthly rent in Parma, ID is $955, which is 18% below the national average of $1,163/month.
What is the unemployment rate in Parma?
The unemployment rate in Parma, ID is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Parma, ID a good place to live?
Parma offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,836 and a median age of 39.2, the city appeals to a broad range of residents.
How educated is Parma, ID?
12.0% of residents in Parma aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Parma?
Key cost-of-living indicators for Parma, ID: median home value is $232,400 (5% below national), median rent is $955/month, and median household income is $47,798. The home-value-to-income ratio is 4.9x, a moderate figure by national standards.
What is the poverty rate in Parma?
The poverty rate in Parma, ID is 20.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Parma, ID?
Parma's population is 28.6% White, 2.4% Hispanic or Latino, 0.2% Black or African American, 0.3% Asian, and 0.0% two or more races. 9.8% of residents are foreign-born.