Living in Parchment, Michigan
Cost of living, income, home prices, rent and demographics of Parchment · Census data 2020–2024
Parchment has 2,008 residents with a median age of 29.4. The median household income is $72,798 (about the same as the Michigan median), the median home value is $184,000, the median rent is $1,045/month.
Parchment at a glance
- Population
- 2,008
- Median age
- 29.4State: 40.2
- Median household income
- $72,798State: $72,875
- Median home value
- $184,000State: $231,600
- Median rent
- $1,045/moState: $1,129
- Homeowners
- 58%
- Bachelor's degree or higher
- 23.5%
- Average commute
- 20 min
Is Parchment a good place to live?
Pros: Home values 21% lower than the state median; an average commute of 20 minutes; a poverty rate of 6.6%.
Cons: Median household income about the same as the Michigan median; unemployment of 8.1%.
The weather is best in June to September.
Cost of living in Parchment
Housing is the biggest part of the cost of living. In Parchment the median home value is $184,000, 45% lower than the U.S. median. Renters pay a median of $1,045 per month, which is 28.3% of household income. Homeowners with a mortgage pay $1,349 a month in housing costs.
Parchment median household income
The median household income in Parchment is $72,798 and the income per person is $40,618. 6.6% of residents live below the poverty line (Michigan: 13.2%).
Housing in Parchment: homes for sale and rent
- Housing units
- 992
- Owner-occupied
- 58%
- Renter-occupied
- 42%
- Vacant
- 8.6%Includes seasonal homes
- Median year built
- 1953
- Average household size
- 2.21
Parchment demographics
- Population
- 2,008
- Median age
- 29.4
- Under 18
- 21.1%
- 65 and older
- 10.4%
- Households
- 907
- Foreign-born
- 4.6%
- Veterans
- 2.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Parchment ›
Education in Parchment
23.5% of adults 25 and older in Parchment have a bachelor's degree or higher (Michigan: 32.4%), and 6.3% have a graduate or professional degree.
Jobs and commute in Parchment
- Unemployment rate
- 8.1%State: 5.7%
- Average commute
- 20 minState: 24 min
- Work from home
- 10.7%
- Drive alone
- 82.9%
- Public transit
- 0.9%
- Walk to work
- 3.7%
- Homes with broadband
- 85.2%
Parchment vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Parchment | 2,008 | $72,798 | $184,000 | $1,045 |
| Eastwood | 6,669 | $53,977 | $160,600 | $1,065 |
| Comstock Northwest | 5,391 | $73,475 | $261,100 | $1,080 |
| Westwood | 8,867 | $58,205 | $193,400 | $1,233 |
| Kalamazoo | 73,076 | $52,272 | $179,000 | $1,078 |
| Richland | 1,098 | $95,104 | $289,300 | $1,375 |
| Galesburg | 2,023 | $52,153 | $120,800 | $903 |
| South Gull Lake | 1,801 | $188,750 | — | $335 |
| Portage | 49,259 | $83,212 | $262,300 | $1,133 |
More for people moving to Parchment
Parchment ZIP code ›Weather and climate ›Living in Parchment: FAQ
What is the median household income in Parchment, MI?
The median household income in Parchment is $72,798, about the same as the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Parchment?
The median home value in Parchment is $184,000, compared with $231,600 in Michigan.
How much is rent in Parchment?
The median gross rent in Parchment is $1,045 per month, about 28.3% of household income.
Is Parchment, MI a good place to live?
Pluses: home values 21% lower than the state median; an average commute of 20 minutes; a poverty rate of 6.6%. Minuses: median household income about the same as the Michigan median; unemployment of 8.1%.
What is the median age in Parchment?
The median age in Parchment is 29.4 years (Michigan: 40.2).
How long is the commute in Parchment?
The average commute to work in Parchment is 20 minutes; 10.7% of workers work from home.
What is the unemployment rate in Parchment?
The unemployment rate in Parchment is 8.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Parchment?
23.5% of adults in Parchment have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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