Median Household Income
$72,798 ± $21,380
Median Home Value
$184,000 ± $8,856
Median Gross Rent
$1,045 ± $93/mo
Per Capita Income
$40,618
Poverty Rate
6.6%
Unemployment Rate
8.1%
Homeownership Rate
58.0%
Bachelor's Degree or Higher
23.5%
Median Age
29.4
Average Commute
18 min
Households
907
Veterans
34
Population Over Time
Parchment grew 7.6% from 2014 to 2024.
2014
1,867
2016
1,931
2018
1,969
2020
1,887
2022
2,041
2024
2,008
Population by Race & Ethnicity
White
69.7%
Hispanic or Latino
7.2%
Black or African American
13.4%
Asian
1.2%
Nearby Cities in Michigan
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.