Michigan · Census place 62340
Parchment city, MI
Quick answer
Parchment city has 2,012 residents, ranking #309 of 745 places in Michigan. Median household income is $54,572, the median home is worth $178,400 and median gross rent runs $1,024 a month.
- Population
- 2,012Parchment city residents
- Median household income
- $54,572Past 12 months, inflation adjusted
- Median home value
- $178,400Owner-occupied units
- Median gross rent
- $1,024Rent plus utilities, monthly
- Median age
- 30.2 yrsAll residents
- Homeownership rate
- 56.9%Owner-occupied households
What the numbers mean in Parchment city
Housing cost measured against local earnings.
A household earning the Parchment city median would spend about 22.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.9% of residents and 56.9% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Michigan.
- Berrien Springs village 2,043
- Brownlee Park CDP 2,037
- Goodrich village 2,024
- Stony Point CDP 1,999
- Twin Lake CDP 1,997
- Saranac village 1,973
- Baraga village 1,948
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