Median Income
$60,223
household / year
Median Home Value
$158,500
owner-occupied
Median Rent
$932
gross / month
Cost of Living
95
national avg = 100

Is Parchment, MI a Good Place to Live?

Parchment is a small town of 2,041 in Michigan, with a median household income of $60,223 and a 8.4% unemployment rate. Its cost of living index is 95 (US average = 100), which is 5% below the national average.

Strengths: Parchment stands out for an affordable cost of living, below-average home prices, short average commutes.

Trade-offs: Potential downsides include an elevated unemployment rate. Whether Parchment is right for you depends on your priorities — the full breakdown is below.

All Parchment city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 94.6

Parchment's overall cost of living index is 94.6, where 100 represents the US national average. Living in Parchment costs roughly 5% less than the average American city.

Metric Parchment, MI National Avg
Median Home Value $158,500 $244,900
Median Monthly Rent $932 $1,163
Homeownership Rate 60.8% 65.9%
Median Household Income $60,223 $74,755

Crime & Safety

Near National Average

Parchment's violent crime rate is 530.8 per 100,000 residents — 40% higher than the national average of ~380 per 100,000.

Violent Crime
530.8 /100k
Property Crime
2383.9 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Metric Parchment, MI National Avg
School District N/A
Elementary Schools N/A
Middle Schools N/A
High Schools N/A
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 23.4% 35.4%
High School Diploma or Higher 92.9% 91.1%

Weather & Climate

Parchment sees average highs of 31.5°F in January and 83.1°F in July, with 33.2 inches of annual precipitation and 64.6 inches of snow per year.

MetricParchment, MI
Average High — January31.5°F
Average High — July83.1°F
Annual Precipitation33.2"
Annual Snowfall64.6"

Demographics

MetricParchment, MINational Avg
Population2,041
Median Age31.038.9
Unemployment Rate8.4%3.7%
Avg Commute Time19.6 min26 min
White (non-Hispanic)73.1%59.3%
Black or African American11.1%13.6%
Hispanic or Latino4.6%18.9%
Asian1.4%6.3%
Under 1820.1%22.2%
65 and over10.7%16.8%

Nearby Cities

Parchment vs Other Cities

Frequently Asked Questions

Parchment's cost of living index is 95, where 100 is the national average. That makes Parchment roughly 5% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $158,500 and median rent is $932/month.
Parchment's violent crime rate is 530.8 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 2383.9 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Parchment, MI has a population of 2,041, a median household income of $60,223, and an unemployment rate of 8.4%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Parchment averages 31.5°F in January and 83.1°F in July. Annual rainfall is 33.2 inches with about 64.6 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
The population of Parchment, Michigan is 2,041 with a median age of 31.0. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Parchment: cost of living index 95 (100 = US average), median home $158,500, median household income $60,223, crime index 129 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Parchment side by side with your current city to see the trade-offs.