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Parma, Ohio

Economy in Parma

Detailed economy data — sourced from authoritative datasets and normalized for direct comparison.

Economy in Parma, Ohio

Parma's local economy is deeply integrated with the greater Cleveland metropolitan job market, with many residents commuting into the city center for professional, corporate, and specialized employment. Locally, the economy is anchored by healthcare, retail trade, manufacturing, and educational services, providing a diverse mix of blue-collar and white-collar employment opportunities.

Major institutional employers, including healthcare networks and local government services, provide economic stability and steady job growth. While traditional manufacturing maintains a presence, the city has seen incremental growth in service-oriented sectors and small-to-midsize business enterprises supported by regional economic development initiatives.

Economy & Jobs

Average Salary
$58,000
Unemployment
4.20%
GDP
$0.0B
Business Score
67

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About Parma, Ohio

Parma, Ohio, located just south of Cleveland in Cuyahoga County, is the state's seventh-largest city and one of its most prominent inner-ring suburbs. Originally established as a township in the early 19th century, Parma evolved from an agricultural community into a thriving post-war boomtown known for its distinctive residential neighborhoods and strong Eastern European heritage. Today, it functions primarily as a stable, family-oriented community offering a blend of urban accessibility and quiet suburban living.

Characterized by its grid-style street layouts, well-maintained post-war Cape Cod and ranch-style homes, and vibrant local businesses, Parma attracts residents looking for affordability close to a major metropolitan center. The city boasts extensive green spaces, including community parks and golf courses, making it a desirable destination for families and retirees alike who value traditional neighborhood community structures.

About Ohio

Ohio, located in the Midwest, is characterized by a blend of urban centers and rural landscapes, offering a balance of city amenities and small-town charm. The state's economy is robust and diverse, with manufacturing being a significant sector, particularly in plastics, rubber, fabricated metals, and automobiles. Other major industries include financial activities, healthcare, education, and bioscience, with growing technology and logistics sectors. Living in Ohio is generally affordable, with the cost of living, especially housing, being lower than the national average. The climate is continental, featuring four distinct seasons with hot, humid summers and cold, snowy winters, and precipitation occurring year-round.

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