Parchment vs Detroit
| Parchment | Detroit | |
|---|---|---|
| Population | 2,041 | 636,787 |
| Median Household Income | $72,798 | $39,938 |
| Median Home Value | $184,000 | $83,900 |
| Median Gross Rent | $1,045/mo | $1,074/mo |
| Homeownership Rate | 58.0% | 50.3% |
| Unemployment Rate | 8.1% | 14.0% |
| Bachelor's Degree or Higher | 23.5% | 18.1% |
| Median Age | 29.4 | 35.2 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.