The median household income in Parchment, MI in 2022 was $61,712, which was 8.5% less than the median annual income of $66,986 across the entire state of Michigan. Compared to the median income of $40,074 in 2000 this represents an increase of 35.1%. The per capita income in 2022 was $35,147, which means an increase of 46.2% compared to 2000 when it was $18,911.
Whole page based on the data from 2000 / 2022 when the population of Parchment, Michigan was 1,936 / 2,039
Income statistics for all residents
Median household income in Parchment, MI in 2022:
Parchment:
$61,712
Michigan:
$66,986
Change in median household income between 2000 and 2022:
Parchment, Michigan:
+54.0%
State:
+50.0%
Number of households with income < $10k:
Parchment:
5.2% (46)
State:
5.7% (231,223)
Number of households with income $10k - 20k:
Parchment:
6.6% (59)
Michigan:
7.5% (306,955)
Number of households with income $20k - 30k:
Parchment:
4.8% (43)
State:
7.9% (324,153)
Number of households with income $30k - 40k:
Parchment:
15.7% (140)
Michigan:
8.3% (341,408)
Number of households with income $40k - 50k:
Parchment:
9.1% (81)
Michigan:
7.9% (322,255)
Number of households with income $50k - 60k:
Parchment:
8.0% (71)
Michigan:
7.5% (305,914)
Number of households with income $60k - 75k:
Parchment:
10.0% (89)
State:
10.1% (414,440)
Number of households with income $75k - 100k:
Parchment:
14.0% (125)
State:
13.2% (538,299)
Number of households with income $100k - 125k:
Parchment:
11.1% (99)
Michigan:
9.7% (396,282)
Number of households with income $125k - 150k:
Parchment:
4.1% (37)
State:
6.7% (273,144)
Number of households with income $150k - 200k:
Parchment:
8.8% (79)
State:
7.5% (305,077)
Number of households with income > $200k:
Parchment:
2.7% (24)
Michigan:
8.1% (330,644)
Aggregate household income in Parchment in 2022: $70,455,880
Median family income in Parchment in 2022:
Parchment:
$63,990
State:
$85,865
Number of families with income < $10k:
Parchment:
4.1% (22)
State:
3.5% (89,010)
Number of families with income $10k - 20k:
Parchment:
1.9% (10)
State:
3.9% (100,567)
Number of families with income $20k - 30k:
Parchment:
3.1% (17)
State:
5.0% (127,320)
Number of families with income $30k - 40k:
Parchment:
25.1% (135)
State:
6.4% (163,565)
Number of families with income $40k - 50k:
Parchment:
15.6% (84)
State:
6.8% (172,384)
Number of families with income $50k - 60k:
Parchment:
1.2% (6)
State:
7.1% (179,870)
Number of families with income $60k - 75k:
Parchment:
4.8% (26)
State:
10.3% (263,723)
Number of families with income $75k - 100k:
Parchment:
8.5% (46)
Michigan:
15.0% (383,364)
Number of families with income $100k - 125k:
Parchment:
13.2% (71)
Michigan:
11.8% (301,751)
Number of families with income $125k - 150k:
Parchment:
5.0% (27)
State:
8.6% (220,338)
Number of families with income $150k - 200k:
Parchment:
14.8% (79)
State:
10.2% (259,462)
Number of families with income > $200k:
Parchment:
2.7% (14)
State:
11.3% (287,206)
Median non-family income in Parchment in 2022:
Parchment:
$50,861
State:
$40,459
Change in median non-family income between 2000 and 2022:
Parchment, Michigan:
+70.4%
State:
+54.5%
Median per capita income in Parchment in 2022:
Parchment:
$35,147
State:
$38,151
Change in median per capita income between 2000 and 2022:
Parchment, Michigan:
+85.9%
State:
+72.1%
Income statistics for White residents
Median household income in Parchment, MI in 2022:
Parchment:
$73,930
Michigan:
$71,609
Change in median household income between 2000 and 2022:
Parchment, Michigan:
+91.9%
State:
+52.9%
Number of households with income < $10k:
Parchment:
3.2% (21)
State:
4.4% (140,440)
Number of households with income $10k - 20k:
Parchment:
4.9% (32)
State:
6.5% (205,547)
Number of households with income $20k - 30k:
Parchment:
4.9% (32)
Michigan:
7.6% (242,254)
Number of households with income $30k - 40k:
Parchment:
8.4% (55)
Michigan:
8.1% (257,175)
Number of households with income $40k - 50k:
Parchment:
10.6% (69)
State:
7.8% (246,839)
Number of households with income $50k - 60k:
Parchment:
9.2% (60)
Michigan:
7.4% (233,723)
Number of households with income $60k - 75k:
Parchment:
9.4% (61)
State:
10.4% (328,664)
Number of households with income $75k - 100k:
Parchment:
14.4% (94)
State:
13.6% (431,867)
Number of households with income $100k - 125k:
Parchment:
14.6% (95)
Michigan:
10.3% (325,164)
Number of households with income $125k - 150k:
Parchment:
5.7% (37)
Michigan:
7.1% (226,232)
Number of households with income $150k - 200k:
Parchment:
11.8% (77)
State:
8.1% (255,445)
Number of households with income > $200k:
Parchment:
2.9% (19)
Michigan:
8.7% (276,727)
Aggregate household income in Parchment in 2022: $58,513,720
Median family income in Parchment in 2022:
Parchment:
$102,318
Michigan:
$90,317
Number of families with income < $10k:
Parchment:
1.6% (6)
State:
2.5% (49,508)
Number of families with income $10k - 20k:
Parchment:
3.4% (13)
Michigan:
3.2% (64,106)
Number of families with income $20k - 30k:
Parchment:
3.2% (12)
State:
4.6% (91,551)
Number of families with income $30k - 40k:
Parchment:
11.1% (42)
Michigan:
5.9% (117,356)
Number of families with income $40k - 50k:
Parchment:
15.5% (59)
Michigan:
6.4% (127,491)
Number of families with income $50k - 60k:
Parchment:
1.8% (7)
Michigan:
6.8% (135,883)
Number of families with income $60k - 75k:
Parchment:
3.4% (13)
State:
10.5% (209,130)
Number of families with income $75k - 100k:
Parchment:
11.4% (44)
State:
15.5% (309,815)
Number of families with income $100k - 125k:
Parchment:
16.8% (64)
Michigan:
12.4% (248,235)
Number of families with income $125k - 150k:
Parchment:
7.2% (27)
Michigan:
9.2% (182,895)
Number of families with income $150k - 200k:
Parchment:
20.9% (80)
Michigan:
11.0% (218,573)
Number of families with income > $200k:
Parchment:
3.6% (14)
State:
12.0% (239,713)
Median non-family income in Parchment in 2022:
Parchment:
$49,572
Michigan:
$42,438
Change in median non-family income between 2000 and 2022:
Parchment, Michigan:
+67.4%
State:
+56.8%
Median per capita income in Parchment in 2022:
Parchment:
$39,896
Michigan:
$41,514
Change in median per capita income between 2000 and 2022:
Parchment, Michigan:
+110.2%
State:
+75.2%
Income statistics for Black or African American residents
Number of households with income < $10k:
Parchment:
22.6% (24)
State:
12.7% (66,307)
Number of households with income $10k - 20k:
Parchment:
16.0% (17)
State:
14.2% (73,877)
Number of households with income $20k - 30k:
Parchment:
10.4% (11)
State:
10.2% (52,930)
Number of households with income $30k - 40k:
Parchment:
7.5% (8)
State:
10.3% (53,542)
Number of households with income $40k - 50k:
Parchment:
14.2% (15)
Michigan:
9.1% (47,110)
Number of households with income $50k - 60k:
Parchment:
0.0% (0)
State:
8.1% (41,969)
Number of households with income $60k - 75k:
Parchment:
0.0% (0)
State:
9.0% (46,784)
Number of households with income $75k - 100k:
Parchment:
29.2% (31)
Michigan:
9.7% (50,718)
Number of households with income $100k - 125k:
Parchment:
0.0% (0)
Michigan:
6.7% (34,802)
Number of households with income $125k - 150k:
Parchment:
0.0% (0)
State:
4.1% (21,083)
Number of households with income $150k - 200k:
Parchment:
0.0% (0)
Michigan:
3.4% (17,885)
Number of households with income > $200k:
Parchment:
0.0% (0)
State:
2.6% (13,430)
Aggregate household income in Parchment in 2022: $3,226,946
Median family income in Parchment in 2022:
Parchment:
$34,540
Michigan:
$54,772
Number of families with income $20k - 30k:
Parchment:
14.1% (3)
State:
7.7% (22,118)
Number of families with income $30k - 40k:
Parchment:
20.8% (5)
State:
9.6% (27,402)
Number of families with income $40k - 50k:
Parchment:
65.1% (15)
State:
9.0% (25,882)
Median per capita income in Parchment in 2022:
Parchment:
$23,126
Michigan:
$25,207
Change in median per capita income between 2000 and 2022:
Parchment, Michigan:
+94.9%
State:
+60.4%
Income statistics for Asian residents
Number of households with income < $10k:
Parchment:
0.0% (0)
Michigan:
5.4% (6,241)
Number of households with income $10k - 20k:
Parchment:
0.0% (0)
State:
3.3% (3,891)
Number of households with income $20k - 30k:
Parchment:
0.0% (0)
Michigan:
4.9% (5,669)
Number of households with income $30k - 40k:
Parchment:
84.6% (11)
State:
4.8% (5,590)
Number of households with income $40k - 50k:
Parchment:
0.0% (0)
Michigan:
4.6% (5,395)
Number of households with income $50k - 60k:
Parchment:
0.0% (0)
State:
6.0% (7,014)
Number of households with income $60k - 75k:
Parchment:
0.0% (0)
Michigan:
7.4% (8,566)
Number of households with income $75k - 100k:
Parchment:
15.4% (2)
Michigan:
12.4% (14,398)
Number of households with income $100k - 125k:
Parchment:
0.0% (0)
Michigan:
10.0% (11,621)
Number of households with income $125k - 150k:
Parchment:
0.0% (0)
Michigan:
8.6% (9,986)
Number of households with income $150k - 200k:
Parchment:
0.0% (0)
Michigan:
12.4% (14,400)
Number of households with income > $200k:
Parchment:
0.0% (0)
State:
20.4% (23,760)
Aggregate household income in Parchment in 2022: $1,894,838
Median per capita income in Parchment in 2022:
Parchment:
$16,944
Michigan:
$48,128
Change in median per capita income between 2000 and 2022:: -61.4%
Parchment, Michigan:
-61.4%
Michigan:
+95.8%
Income statistics for Hispanic or Latino residents
Median household income in Parchment, MI in 2022:
Parchment:
$76,037
Michigan:
$62,497
Change in median household income between 2000 and 2022:
Parchment, Michigan:
+81.0%
Michigan:
+62.4%
Number of households with income < $10k:
Parchment:
9.1% (5)
State:
6.0% (10,028)
Number of households with income $10k - 20k:
Parchment:
0.0% (0)
State:
6.5% (10,959)
Number of households with income $20k - 30k:
Parchment:
0.0% (0)
State:
9.1% (15,369)
Number of households with income $30k - 40k:
Parchment:
0.0% (0)
Michigan:
7.9% (13,373)
Number of households with income $40k - 50k:
Parchment:
0.0% (0)
Michigan:
9.1% (15,369)
Number of households with income $50k - 60k:
Parchment:
0.0% (0)
Michigan:
8.9% (14,990)
Number of households with income $60k - 75k:
Parchment:
47.3% (26)
State:
11.5% (19,325)
Number of households with income $75k - 100k:
Parchment:
43.6% (24)
Michigan:
14.9% (25,158)
Number of households with income $100k - 125k:
Parchment:
0.0% (0)
State:
8.8% (14,758)
Number of households with income $125k - 150k:
Parchment:
0.0% (0)
Michigan:
5.3% (8,915)
Number of households with income $150k - 200k:
Parchment:
0.0% (0)
State:
6.7% (11,249)
Number of households with income > $200k:
Parchment:
0.0% (0)
State:
5.3% (8,978)
Aggregate household income in Parchment in 2022: $3,363,081
Median family income in Parchment in 2022:
Parchment:
$39,524
State:
$69,994
Number of families with income < $10k:
Parchment:
15.6% (4)
State:
5.0% (5,520)
Number of families with income $40k - 50k:
Parchment:
56.4% (16)
State:
8.3% (9,117)
Number of families with income $60k - 75k:
Parchment:
28.1% (8)
State:
10.8% (11,865)
Median per capita income in Parchment in 2022:
Parchment:
$25,573
Michigan:
$25,462
Change in median per capita income between 2000 and 2022:
Parchment, Michigan:
+29.7%
Michigan:
+83.3%
Income statistics for Multirace residents
Median household income in Parchment, MI in 2022:
Parchment:
$32,078
Michigan:
$63,251
Change in median household income between 2000 and 2022:: -30.0%
Parchment, Michigan:
-30.0%
Michigan:
+82.6%
Number of households with income < $10k:
Parchment:
7.1% (9)
State:
6.1% (12,463)
Number of households with income $10k - 20k:
Parchment:
9.4% (12)
State:
8.7% (17,830)
Number of households with income $20k - 30k:
Parchment:
0.0% (0)
State:
7.6% (15,686)
Number of households with income $30k - 40k:
Parchment:
63.8% (81)
Michigan:
9.5% (19,444)
Number of households with income $40k - 50k:
Parchment:
0.0% (0)
Michigan:
7.5% (15,476)
Number of households with income $50k - 60k:
Parchment:
7.9% (10)
Michigan:
8.1% (16,622)
Number of households with income $60k - 75k:
Parchment:
11.0% (14)
State:
10.6% (21,725)
Number of households with income $75k - 100k:
Parchment:
0.0% (0)
State:
14.4% (29,501)
Number of households with income $100k - 125k:
Parchment:
0.0% (0)
Michigan:
8.9% (18,231)
Number of households with income $125k - 150k:
Parchment:
0.0% (0)
State:
5.8% (11,923)
Number of households with income $150k - 200k:
Parchment:
0.0% (0)
Michigan:
6.8% (13,956)
Number of households with income > $200k:
Parchment:
0.8% (1)
State:
6.2% (12,672)
Aggregate household income in Parchment in 2022: $6,501,507
Median family income in Parchment in 2022:
Parchment:
$36,518
Michigan:
$75,671
Number of families with income < $10k:
Parchment:
15.9% (23)
State:
4.0% (5,293)
Number of families with income $30k - 40k:
Parchment:
72.7% (104)
State:
8.9% (11,911)
Number of families with income $60k - 75k:
Parchment:
11.4% (16)
Michigan:
10.1% (13,478)
Median per capita income in Parchment in 2022:
Parchment:
$19,002
State:
$26,098
Change in median per capita income between 2000 and 2022:: -51.6%
Parchment, Michigan:
-51.6%
Michigan:
+106.5%
Income statistics for other residents
Number of households with income < $10k:
Parchment:
0.0% (0)
Michigan:
7.8% (4,680)
Number of households with income $10k - 20k:
Parchment:
0.0% (0)
State:
6.4% (3,815)
Number of households with income $20k - 30k:
Parchment:
0.0% (0)
Michigan:
9.4% (5,582)
Number of households with income $30k - 40k:
Parchment:
0.0% (0)
Michigan:
7.3% (4,338)
Number of households with income $40k - 50k:
Parchment:
0.0% (0)
State:
10.2% (6,092)
Number of households with income $50k - 60k:
Parchment:
0.0% (0)
State:
8.2% (4,875)
Number of households with income $60k - 75k:
Parchment:
100.0% (30)
State:
11.6% (6,923)
Number of households with income $75k - 100k:
Parchment:
0.0% (0)
State:
16.3% (9,741)
Number of households with income $100k - 125k:
Parchment:
0.0% (0)
State:
8.5% (5,050)
Number of households with income $125k - 150k:
Parchment:
0.0% (0)
State:
4.7% (2,776)
Number of households with income $150k - 200k:
Parchment:
0.0% (0)
State:
4.5% (2,682)
Number of households with income > $200k:
Parchment:
0.0% (0)
State:
5.2% (3,111)
Aggregate household income in Parchment in 2022: $1,679,641
Median per capita income in Parchment in 2022:
Parchment:
$37,063
State:
$27,114
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