Parma, MO
Population 552 · Missouri
About Parma, MO
Parma is a small community located in Missouri with a population of 552 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,500 per year, which is 16% below the national median of $75,149. The median age of 36.1 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 $35,800, which is 85% below the national median of $244,900. This makes Parma one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $670, 42% below the national average of $1,163/month. Of the 254 total housing units, 60% are owner-occupied (128 units) and 40% are renter-occupied (84 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 1.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 34.1%, above the national average of 12.4%. Workers in Parma have an average one-way commute time of 20.2 minutes.
Education & Demographics
6.5% 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 12.0% White, 6.2% Hispanic or Latino, 0.0% Black or African American, and 2.9% Asian residents, with 0.5% of the population being foreign-born.
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.
Compare Parma With Other Cities
Frequently Asked Questions about Parma
What is the population of Parma, MO?
The population of Parma, MO is 552 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Missouri.
What is the median household income in Parma?
The median household income in Parma, MO is $63,500 per year, which is 16% below the national median of $75,149.
What is the median home value in Parma?
The median home value in Parma, MO is $35,800, which is 85% 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, MO is $670, which is 42% below the national average of $1,163/month.
What is the unemployment rate in Parma?
The unemployment rate in Parma, MO is 1.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Parma, MO a good place to live?
Parma offers a moderate cost of living, affordable housing, and a strong job market. With a population of 552 and a median age of 36.1, the city appeals to a broad range of residents.
How educated is Parma, MO?
6.5% 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, MO: median home value is $35,800 (85% below national), median rent is $670/month, and median household income is $63,500. The home-value-to-income ratio is 0.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Parma?
The poverty rate in Parma, MO is 34.1%, 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, MO?
Parma's population is 12.0% White, 6.2% Hispanic or Latino, 0.0% Black or African American, 2.9% Asian, and 27.9% two or more races. 0.5% of residents are foreign-born.