Parma, MO
Population 552 · Missouri
About Parma, MO
Parma is a small community in Missouri with a population of 552 residents. The median household income is $63,500 per year, which is near the national average. The median age in Parma is 36.1 years.
Housing in Parma has a median home value of $35,800 and median monthly rent of $670. Of the 254 total housing units, the majority are owner-occupied, with 128 owner-occupied and 84 renter-occupied units.
The unemployment rate in Parma is 1.0% and the poverty rate is 34.1%. 6.5% of residents hold a bachelor's degree or higher. The average commute time is 20.2 minutes.
How Parma Ranks in Missouri
Cost of Living in Parma, MO
Compared to national averages, Parma has a median household income of $63,500 (16% below the national median of $75,149). Home values average $35,800, which is 85% below the national median. Monthly rent at $670 is 42% below the US average of $1,163. Within Missouri, Parma's income is 4% above the state average of $61,047, and home values are 76% below the state median of $150,786.
Why Live in Parma, MO?
Parma offers affordable housing with a median home value of $35,800, below the US average of $244,900, and rent that’s lower than the national average at $670/month, and a strong job market with an unemployment rate of just 1.0%. Additionally, the city features short commute times averaging just 20.2 minutes.
Potential considerations include median household income ($63,500) 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 552 with a median age of 36.1 years. Compare Parma with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Parma
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wellington | 553 | $67,404 | $142,000 | Compare |
| Bell City | 554 | $31,058 | $50,000 | Compare |
| Grayhawk | 554 | $49,808 | $123,600 | Compare |
| Dearborn | 545 | $48,333 | $175,000 | Compare |
| Green City | 560 | $35,602 | $78,100 | Compare |
| Corder | 561 | $83,375 | $80,800 | Compare |
| Shoal Creek Drive | 543 | $96,923 | $124,300 | Compare |
| Washburn | 561 | $65,125 | $122,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Parma
What is the population of Parma, MO?
The population of Parma, MO is 552 according to the latest Census data.
What is the median household income in Parma?
The median household income in Parma, MO is $63,500 per year.
What is the median home value in Parma?
The median home value in Parma, MO is $35,800.
What is the average rent in Parma?
The median monthly rent in Parma, MO is $670.
What is the unemployment rate in Parma?
The unemployment rate in Parma, MO is 1.0%.