Parma vs New Lothrop
Side-by-side comparison
How does Parma, MI compare to New Lothrop, MI? Parma has a population of 653 with a median household income of $71,413, while New Lothrop has 640 residents and a median income of $78,500. Below you'll find a detailed breakdown of demographics, economy, and housing for both cities.
| Metric | Parma, MI | New Lothrop, MI | Difference |
|---|---|---|---|
| Population | 653 | 640 | +2.0% |
| Median Age | 35.6 | 36.4 | -2.2% |
| Foreign Born % | 1.2% | 0% | +120.0% |
| Metric | Parma | New Lothrop | Difference |
|---|---|---|---|
| Median Income | $71,413 | $78,500 | -9.0% |
| Unemployment | 14.6% | 0% | +1460.0% |
| Poverty Rate | 12.4% | 16.3% | -23.9% |
| Bachelor's+ | 20.5% | 20.2% | +1.5% |
| Metric | Parma | New Lothrop | Difference |
|---|---|---|---|
| Home Value | $121,300 | $178,100 | -31.9% |
| Median Rent | $1050/mo | $750/mo | +40.0% |
| Housing Units | 277 | 283 | -2.1% |