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This question is about Parma, OH.
What is a good salary in Parma, OH?
A good salary in Parma, OH is anything over $43,000. That's because the median income in Parma is $43,000, which means if you earn more than that you're earning more than 50% of the people living in Parma. The average salary in Parma is $47,778.
A good hourly wage in Parma is $20.67 per hour. That works out to a good weekly wage of $826 per week and a good monthly wage of $3,583 per month. However, using the median income is only one way to calculate a good salary in Parma.
Another way to calculate a good salary in Parma is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $115,500, a good salary in Parma would be $23,100.
Lastly, we can determine a good salary in Parma by looking at the cost of living and comparing it to the US average salary. The cost of living in Parma is 9% lower than than the national average. The national average salary is $56,310, so a good salary in Parma is anything over $50,679 by this measure.
Average Annual Salary in Parma, OH
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $25,000 | $2,083 | $480 | $12.02 |
| 25th | $32,000 | $2,666 | $615 | $15.38 |
| Median | $43,000 | $3,583 | $826 | $20.67 |
| 75th | $58,000 | $4,833 | $1,115 | $27.88 |
| 90th | $75,000 | $6,250 | $1,442 | $36.06 |
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