Can A Financial Analyst Afford Rent in Parma, OH?

Comfortably affordable — rent takes 17.3% of gross income.

Parma rent: June 2026. Salary: BLS OEWS May 2024 (Ohio state estimate).

Parma median rent
$1,402/mo
Financial Analyst salary (Ohio)
$97,140/yr
Rent as % of income
17.3%
Gross monthly income works out to about $8,095, and the 30% rule supports up to $2,429/mo in rent. Parma's median rent of $1,402 leaves roughly $1,027/mo of headroom under that threshold. A financial analyst works roughly 30 hours a month to cover that rent.

About rent and a financial analyst salary

Financial analyst pay covers comfortable rent in most US cities. At the national-average financial-analyst salary, the 30% rule supports about $2,584 a month in rent, which is above the median in nearly every metro tracked here.

Cheaper rent nearby

These Ohio cities have lower median rent than Parma, which improves the affordability math on a financial analyst salary:

Huber Heights, OH
$1,401/mo (17.3% of income)
Cincinnati, OH
$1,401/mo (17.3% of income)
Stow, OH
$1,400/mo (17.3% of income)

Compare with full rent data for Parma

View full rent data for Parma, OH

Frequently asked questions

Can a financial analyst afford rent in Parma, OH?

Median rent in Parma is $1,402 a month. A typical financial analyst in Ohio earns about $97,140 a year, which makes that rent 17.3% of gross monthly income. Under the 30% rule, the answer is yes.

How much rent can a financial analyst afford in Parma?

Using the 30% rule, a financial analyst salary in Ohio (~$97,140/yr) supports up to $2,429 a month in rent. Parma's current median rent is $1,402/mo, which leaves a $1,027/mo buffer.

How many hours does a financial analyst work to cover rent in Parma?

At an hourly equivalent of about $47 an hour, a financial analyst in Ohio works roughly 30 hours a month to cover Parma's median rent of $1,402.

Where is rent cheaper than Parma for a financial analyst?

Nearby Ohio cities with lower median rent include Huber Heights ($1,401/mo), Cincinnati ($1,401/mo), Stow ($1,400/mo). Each shifts the affordability math materially on a financial analyst salary.

Methodology: Salary uses the BLS-derived Ohio state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for Parma, OH. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.