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The total population of Parchment is estimated to be 2,041 with 955 males (46.79%) and 1,086 females (53.21%). There are 131 more females than males in Parchment.
The median household income in Parchment was $60,855 in 2021, which marked an an increase of 1,494(2.52%) from $59,361 in 2020. This income is 81.57% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Parchment sees its highest median household income among householders in the age group of 25 to 44 years old, at $71,031. Overall, the median household income for the city of Parchment stands at $60,855.
In Parchment, the median income for all workers aged 15 years and older, regardless of work hours, was $46,749 for males and $34,277 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $54,705 for males and $41,354 for females.
In Parchment, there are just two different racial groups among households. Among these, White households report a median household income of $67,943, while Two or More Races households have a median household income of $33,959.
In 2022, the population of Parchment was 1,899, a 0.58% decrease year-by-year from 2021. Previously, in 2021, Parchment's population was 1,910, a decline of 0.73% compared to a population of 1,924 in 2020.
The median age in Parchment, MI is 34.6, as per 2021 ACS 5-Year Estimates. Of the total population, 15.34% were under the age of 15, 26.49% aged 15 to 29, 46.23% aged 30 to 64, 9.39% aged 65 to 84, and 2.55% were 85 years of age and older.
Racial distribution of Parchment population: 77.28% are White, 9.93% are Black or African American, 1.38% are Asian, 0.96% are some other race and 10.46% are multiracial.