Parkman, WY
Population 396 · Wyoming
About Parkman, WY
Parkman is a small community located in Wyoming with a population of 396 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,498 per year, which is 16% below the national median of $75,149. The median age of 69.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Parkman features a median home value of $0, which is 100% below the national median of $244,900. This makes Parkman one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 191 total housing units, 100% are owner-occupied (169 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Parkman shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Parkman have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
39.7% of Parkman 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Parkman Ranks in Wyoming
Cost of Living in Parkman, WY
Compared to national averages, Parkman has a median household income of $63,498 (16% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Wyoming, Parkman's income is 21% below the state average of $80,049, and home values are 100% below the state median of $302,372.
Why Live in Parkman, WY?
Parkman offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 39.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($63,498) that falls below the national average. However, Parkman’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Parkman has a population of 396 with a median age of 69.2 years. Compare Parkman with other cities to see how it stacks up, or explore all cities in Wyoming.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Parkman
What is the population of Parkman, WY?
The population of Parkman, WY is 396 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Wyoming.
What is the median household income in Parkman?
The median household income in Parkman, WY is $63,498 per year, which is 16% below the national median of $75,149.
What is the median home value in Parkman?
The median home value in Parkman, WY is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Parkman?
The median monthly rent in Parkman, WY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Parkman?
The unemployment rate in Parkman, WY is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Parkman, WY a good place to live?
Parkman offers a moderate cost of living, affordable housing, and a strong job market. With a population of 396 and a median age of 69.2, the city appeals to established professionals and retirees.
How educated is Parkman, WY?
39.7% of residents in Parkman aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Parkman?
Key cost-of-living indicators for Parkman, WY: median home value is $0 (100% below national), median rent is $0/month, and median household income is $63,498. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Parkman?
The poverty rate in Parkman, WY is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Parkman, WY?
Parkman's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.