Living in Parsons, Tennessee
Cost of living, income, home prices, rent and demographics of Parsons · Census data 2020–2024
Parsons has 2,686 residents with a median age of 45. The median household income is $36,154 (48% lower than the Tennessee median), the median home value is $118,100, the median rent is $738/month.
Parsons at a glance
- Population
- 2,686
- Median age
- 45State: 38.9
- Median household income
- $36,154State: $69,595
- Median home value
- $118,100State: $286,700
- Median rent
- $738/moState: $1,189
- Homeowners
- 59.9%
- Bachelor's degree or higher
- 8.4%
- Average commute
- 26 min
Is Parsons a good place to live?
Pros: Home values 59% lower than the state median.
Cons: Median household income 48% lower than the Tennessee median; an average commute of 26 minutes; unemployment of 7.3%; a poverty rate of 25.3%.
The weather is best in April–May and September–October.
Cost of living in Parsons
Housing is the biggest part of the cost of living. In Parsons the median home value is $118,100, 65% lower than the U.S. median. Renters pay a median of $738 per month, which is 18.2% of household income. Homeowners with a mortgage pay $697 a month in housing costs.
Parsons median household income
The median household income in Parsons is $36,154 and the income per person is $24,944. 25.3% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Parsons: homes for sale and rent
- Housing units
- 1,248
- Owner-occupied
- 59.9%
- Renter-occupied
- 40.1%
- Vacant
- 14.7%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.44
Parsons demographics
- Population
- 2,686
- Median age
- 45
- Under 18
- 21%
- 65 and older
- 23.8%
- Households
- 1,064
- Foreign-born
- 6.6%
- Veterans
- 4.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Parsons ›
Education in Parsons
8.4% of adults 25 and older in Parsons have a bachelor's degree or higher (Tennessee: 31.1%), and 2.1% have a graduate or professional degree.
Jobs and commute in Parsons
- Unemployment rate
- 7.3%State: 4.7%
- Average commute
- 26 minState: 26 min
- Work from home
- 10.2%
- Drive alone
- 78.5%
- Public transit
- 0%
- Walk to work
- 0.8%
- Homes with broadband
- 74.7%
Parsons vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Parsons | 2,686 | $36,154 | $118,100 | $738 |
| Decaturville | 934 | $41,597 | $135,000 | $781 |
| Chesterfield | 356 | $62,885 | $187,500 | — |
| Scotts Hill | 1,083 | $37,809 | $113,500 | $629 |
| Lexington | 7,962 | $49,057 | $176,000 | $720 |
| Linden | 1,122 | $47,689 | $103,300 | $699 |
| Sardis | 536 | $39,464 | $116,800 | $729 |
| Parker's Crossroads | 615 | $73,600 | $175,000 | $1,100 |
| Lobelville | 1,007 | $48,750 | $158,300 | $771 |
More for people moving to Parsons
Parsons ZIP code ›Weather and climate ›Living in Parsons: FAQ
What is the median household income in Parsons, TN?
The median household income in Parsons is $36,154, 48% lower than the Tennessee median of $69,595 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Parsons?
The median home value in Parsons is $118,100, compared with $286,700 in Tennessee.
How much is rent in Parsons?
The median gross rent in Parsons is $738 per month, about 18.2% of household income.
Is Parsons, TN a good place to live?
Pluses: home values 59% lower than the state median. Minuses: median household income 48% lower than the Tennessee median; an average commute of 26 minutes; unemployment of 7.3%; a poverty rate of 25.3%.
What is the median age in Parsons?
The median age in Parsons is 45 years (Tennessee: 38.9).
How long is the commute in Parsons?
The average commute to work in Parsons is 26 minutes; 10.2% of workers work from home.
What is the unemployment rate in Parsons?
The unemployment rate in Parsons is 7.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Parsons?
8.4% of adults in Parsons 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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