Parchment, MI
Population 2,012 · Michigan
About Parchment, MI
Parchment is a small town located in Michigan with a population of 2,012 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,572 per year, which is 27% below the national median of $75,149. The median age of 30.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Parchment features a median home value of $178,400, which is 27% below the national median of $244,900. This positions Parchment in a moderately priced market relative to the rest of the country. Median monthly rent is $1,024, 12% below the national average of $1,163/month. Of the 1,002 total housing units, 57% are owner-occupied (517 units) and 43% are renter-occupied (392 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Parchment shows an unemployment rate of 9.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Parchment have an average one-way commute time of 19 minutes, one of the shorter commutes in the region.
Education & Demographics
24.0% of Parchment residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.1% White, 2.5% Hispanic or Latino, 0.2% Black or African American, and 1.2% Asian residents, with 3.0% of the population being foreign-born.
Cost of Living in Parchment, MI
Compared to national averages, Parchment has a median household income of $54,572 (27% below the national median of $75,149). Home values average $178,400, which is 27% below the national median. Monthly rent at $1,024 is 12% below the US average of $1,163. Within Michigan, Parchment's income is 17% below the state average of $66,017, and home values are 3% below the state median of $183,391.
Why Live in Parchment, MI?
Parchment offers affordable housing with a median home value of $178,400, below the US average of $244,900, and rent that’s lower than the national average at $1,024/month, and a low poverty rate of 8.9%, better than the national average. Additionally, the city features short commute times averaging just 19 minutes.
Potential considerations include median household income ($54,572) that falls below the national average. However, Parchment’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Parchment has a population of 2,012 with a median age of 30.2 years. Compare Parchment with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Parchment
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Goodrich | 2,024 | $103,864 | $238,300 | Compare |
| Stony Point | 1,999 | $57,250 | $205,400 | Compare |
| Twin Lake | 1,997 | $80,150 | $232,300 | Compare |
| Brownlee Park | 2,037 | $31,653 | $73,200 | Compare |
| Berrien Springs | 2,043 | $64,545 | $148,800 | Compare |
| Auburn | 2,045 | $68,935 | $157,500 | Compare |
| Saranac | 1,973 | $64,157 | $183,300 | Compare |
| Lawton | 2,056 | $54,718 | $159,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Parchment With Other Cities
Frequently Asked Questions about Parchment
What is the population of Parchment, MI?
The population of Parchment, MI is 2,012 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Parchment?
The median household income in Parchment, MI is $54,572 per year, which is 27% below the national median of $75,149.
What is the median home value in Parchment?
The median home value in Parchment, MI is $178,400, which is 27% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Parchment?
The median monthly rent in Parchment, MI is $1,024, which is 12% below the national average of $1,163/month.
What is the unemployment rate in Parchment?
The unemployment rate in Parchment, MI is 9.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Parchment, MI a good place to live?
Parchment offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,012 and a median age of 30.2, the city appeals to young professionals and families.
How educated is Parchment, MI?
24.0% of residents in Parchment aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Parchment?
Key cost-of-living indicators for Parchment, MI: median home value is $178,400 (27% below national), median rent is $1,024/month, and median household income is $54,572. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Parchment?
The poverty rate in Parchment, MI is 8.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Parchment, MI?
Parchment's population is 2.1% White, 2.5% Hispanic or Latino, 0.2% Black or African American, 1.2% Asian, and 14.5% two or more races. 3.0% of residents are foreign-born.