Parkway, MO
Population 673 · Missouri
About Parkway, MO
Parkway is a small community located in Missouri with a population of 673 residents according to the latest US Census Bureau American Community Survey data. The median household income is $43,672 per year, which is 42% below the national median of $75,149. The median age of 41.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Parkway features a median home value of $164,200, which is 33% below the national median of $244,900. This positions Parkway in a moderately priced market relative to the rest of the country. Median monthly rent is $855, 26% below the national average of $1,163/month. Of the 288 total housing units, 52% are owner-occupied (143 units) and 48% are renter-occupied (134 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Parkway shows an unemployment rate of 6.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 15.3%, above the national average of 12.4%. Workers in Parkway have an average one-way commute time of 34.7 minutes.
Education & Demographics
13.2% of Parkway residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.5% White, 1.9% Hispanic or Latino, 0.0% Black or African American, and 0.4% Asian residents, with 0.3% of the population being foreign-born.
Cost of Living in Parkway, MO
Compared to national averages, Parkway has a median household income of $43,672 (42% below the national median of $75,149). Home values average $164,200, which is 33% below the national median. Monthly rent at $855 is 26% below the US average of $1,163. Within Missouri, Parkway's income is 28% below the state average of $61,047, and home values are 9% above the state median of $150,786.
Why Live in Parkway, MO?
Parkway offers affordable housing with a median home value of $164,200, below the US average of $244,900, and rent that’s lower than the national average at $855/month.
Potential considerations include median household income ($43,672) that falls below the national average. However, Parkway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Parkway has a population of 673 with a median age of 41.2 years. Compare Parkway with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Parkway
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Qulin | 673 | $23,713 | $71,500 | Compare |
| Lake St. Clair | 670 | $80,392 | $219,300 | Compare |
| Pasadena Park | 670 | $90,309 | $175,300 | Compare |
| Leeton | 667 | $52,273 | $100,000 | Compare |
| Pleasant Hope | 679 | $61,607 | $142,500 | Compare |
| Fordland | 681 | $49,167 | $119,600 | Compare |
| Bella Villa | 664 | $55,250 | $147,100 | Compare |
| Norborne | 682 | $64,750 | $83,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Parkway With Other Cities
Frequently Asked Questions about Parkway
What is the population of Parkway, MO?
The population of Parkway, MO is 673 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Missouri.
What is the median household income in Parkway?
The median household income in Parkway, MO is $43,672 per year, which is 42% below the national median of $75,149.
What is the median home value in Parkway?
The median home value in Parkway, MO is $164,200, which is 33% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Parkway?
The median monthly rent in Parkway, MO is $855, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Parkway?
The unemployment rate in Parkway, MO is 6.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Parkway, MO a good place to live?
Parkway offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 673 and a median age of 41.2, the city appeals to a broad range of residents.
How educated is Parkway, MO?
13.2% of residents in Parkway 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 Parkway?
Key cost-of-living indicators for Parkway, MO: median home value is $164,200 (33% below national), median rent is $855/month, and median household income is $43,672. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Parkway?
The poverty rate in Parkway, MO is 15.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Parkway, MO?
Parkway's population is 2.5% White, 1.9% Hispanic or Latino, 0.0% Black or African American, 0.4% Asian, and 0.0% two or more races. 0.3% of residents are foreign-born.