Parchment vs Ann Arbor
| Parchment | Ann Arbor | |
|---|---|---|
| Population | 2,041 | 122,216 |
| Median Household Income | $72,798 | $82,212 |
| Median Home Value | $184,000 | $453,400 |
| Median Gross Rent | $1,045/mo | $1,649/mo |
| Homeownership Rate | 58.0% | 45.5% |
| Unemployment Rate | 8.1% | 3.9% |
| Bachelor's Degree or Higher | 23.5% | 77.9% |
| Median Age | 29.4 | 27.7 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.