Parchment, MI
Population 2,012 · Michigan
About Parchment, MI
Parchment is a small community in Michigan with a population of 2,012 residents. The median household income is $54,572 per year, which is near the national average. The median age in Parchment is 30.2 years.
Housing in Parchment has a median home value of $178,400 and median monthly rent of $1,024. Of the 1,002 total housing units, the majority are owner-occupied, with 517 owner-occupied and 392 renter-occupied units.
The unemployment rate in Parchment is 9.2% and the poverty rate is 8.9%. 24.0% of residents hold a bachelor's degree or higher. The average commute time is 19 minutes.
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.
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Frequently Asked Questions about Parchment
What is the population of Parchment, MI?
The population of Parchment, MI is 2,012 according to the latest Census data.
What is the median household income in Parchment?
The median household income in Parchment, MI is $54,572 per year.
What is the median home value in Parchment?
The median home value in Parchment, MI is $178,400.
What is the average rent in Parchment?
The median monthly rent in Parchment, MI is $1,024.
What is the unemployment rate in Parchment?
The unemployment rate in Parchment, MI is 9.2%.