Parma, MI
Population 653 · Michigan
About Parma, MI
Parma is a small community in Michigan with a population of 653 residents. The median household income is $71,413 per year, which is above the national average. The median age in Parma is 35.6 years.
Housing in Parma has a median home value of $121,300 and median monthly rent of $1,050. Of the 277 total housing units, the majority are owner-occupied, with 188 owner-occupied and 54 renter-occupied units.
The unemployment rate in Parma is 14.6% and the poverty rate is 12.4%. 20.5% of residents hold a bachelor's degree or higher. The average commute time is 26.9 minutes.
Cost of Living in Parma, MI
Compared to national averages, Parma has a median household income of $71,413 (5% below the national median of $75,149). Home values average $121,300, which is 50% below the national median. Monthly rent at $1,050 is 10% below the US average of $1,163. Within Michigan, Parma's income is 8% above the state average of $66,017, and home values are 34% below the state median of $183,391.
Why Live in Parma, MI?
Parma offers affordable housing with a median home value of $121,300, below the US average of $244,900, and rent that’s lower than the national average at $1,050/month.
Potential considerations include median household income ($71,413) that falls below the national average. However, Parma’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Parma has a population of 653 with a median age of 35.6 years. Compare Parma with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Parma
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Byron | 654 | $64,135 | $177,500 | Compare |
| Maybee | 654 | $53,333 | $248,500 | Compare |
| Sunfield | 654 | $66,406 | $134,200 | Compare |
| Mackinaw City | 647 | $40,536 | $210,500 | Compare |
| Atlanta | 645 | $31,500 | $91,000 | Compare |
| Ida | 661 | $122,885 | $209,700 | Compare |
| Mackinac Island | 663 | $100,125 | $834,600 | Compare |
| New Lothrop | 640 | $78,500 | $178,100 | 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 Parma With Other Cities
Frequently Asked Questions about Parma
What is the population of Parma, MI?
The population of Parma, MI is 653 according to the latest Census data.
What is the median household income in Parma?
The median household income in Parma, MI is $71,413 per year.
What is the median home value in Parma?
The median home value in Parma, MI is $121,300.
What is the average rent in Parma?
The median monthly rent in Parma, MI is $1,050.
What is the unemployment rate in Parma?
The unemployment rate in Parma, MI is 14.6%.