Parma village, Michigan Demographics & Population 2026
As of 2026, Parma village, Michigan has a total population of 653, the 507th largest city in Michigan, with a median household income of $71,413, which is about average than the state average. The poverty rate is 12.4%.
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 1.7x.
- Unemployment rate of 14.6% is notably above the national average.
Parma village Quick Facts
How Parma village Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 44 | National average: 60
Education
Educational Attainment (Adults 25+)
Parma village Rankings in Michigan
Explore Michigan Rankings
Cities Similar to Parma village
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Sunfield village | 654 | $66,406 | $134,200 | 5.4% | 15.7% |
| Byron village | 654 | $64,135 | $177,500 | 16.2% | 9.2% |
| Unionville village | 627 | $74,356 | $100,300 | 8.7% | 11.7% |
| New Lothrop village | 640 | $78,500 | $178,100 | 20.2% | 16.3% |
| Freeport village | 615 | $72,868 | $154,900 | 17.5% | 14.9% |
Population Overview
Parma village is a small community located in Michigan. The total population is 653. It ranks as the 507th most populous out of 745 cities and towns in Michigan.
Age Demographics
The median age in Parma village is 35.6 years. This is 11% lower than the state median of 40.1 years.
Economy, Income & Housing
The median household income in Parma village is $71,413. This is about average than the state median of $71,149. Compared to the national median of $78,538, household income here is 9% lower. The poverty rate stands at 12.4%. This is 5% lower than the state poverty rate of 13.1%. The unemployment rate is 14.6%. This is 152% higher than the state rate of 5.8%. The median home value is $121,300. Housing costs are 44% lower than the state median of $217,600. With a home-value-to-income ratio of just 1.7x, Parma village is one of the most affordable housing markets in the area. 77.7% of occupied housing units are owner-occupied. This homeownership rate is 7% higher than the state average of 72.9%.
Race & Ethnicity
Parma village has a predominantly White (non-Hispanic) population, comprising 86.1% of all residents. Hispanic or Latino residents account for 5.1%. The Black or African American population (4.3%) is well below the state average of 13.2%.
Education
20.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 35% lower than the state rate of 31.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.6%.
Data Sources & Methodology
All demographic data for Parma village, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Parma village, Michigan?
Parma village, Michigan has a population of 653 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Parma village, MI?
The median household income in Parma village is $71,413, which is 9% lower the national median of $78,538.
What is the poverty rate in Parma village, MI?
The poverty rate in Parma village is 12.4%. This means approximately 79 residents live below the federal poverty line.
What is the racial makeup of Parma village, Michigan?
Parma village's population is 86.1% White, 4.3% Black, 5.1% Hispanic/Latino, and 1.7% Asian.
What is the median home value in Parma village, MI?
The median home value in Parma village is $121,300. The home-value-to-income ratio is 1.7x.
How educated is Parma village, Michigan?
20.5% of adults (25+) in Parma village hold a bachelor's degree or higher, and 6.2% hold a graduate or professional degree.