New Lothrop vs Parma
Side-by-side comparison
How does New Lothrop, MI compare to Parma, MI? New Lothrop has a population of 640 with a median household income of $78,500, while Parma has 653 residents and a median income of $71,413. Below you'll find a detailed breakdown of demographics, economy, and housing for both cities.
| Metric | New Lothrop, MI | Parma, MI | Difference |
|---|---|---|---|
| Population | 640 | 653 | -2.0% |
| Median Age | 36.4 | 35.6 | +2.2% |
| Foreign Born % | 0% | 1.2% | -100.0% |
| Metric | New Lothrop | Parma | Difference |
|---|---|---|---|
| Median Income | $78,500 | $71,413 | +9.9% |
| Unemployment | 0% | 14.6% | -100.0% |
| Poverty Rate | 16.3% | 12.4% | +31.5% |
| Bachelor's+ | 20.2% | 20.5% | -1.5% |
| Metric | New Lothrop | Parma | Difference |
|---|---|---|---|
| Home Value | $178,100 | $121,300 | +46.8% |
| Median Rent | $750/mo | $1050/mo | -28.6% |
| Housing Units | 283 | 277 | +2.2% |