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Parsons, Tennessee

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
2,686
Population
$36,154
Median Income
$118,100
Home Value
45.0
Median Age

Demographics

Parsons has a population of 2,686 with a median age of 45.0. Here is the racial and ethnic breakdown of the population:

White
85.6%
Black
7.4%
Asian
5.7%
Hispanic
3.9%
Demographic Value
Total Population2,686
Median Age45.0
White85.6%
Black or African American7.4%
Asian5.7%
Hispanic or Latino3.9%
Parsons, Tennessee — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 103.White: 83.4%Black: 7.2%Asian: 5.6%Hispanic/Latino: 3.8%2,686PopulationWhiteWhite83.4%BlackBlack7.2%AsianAsian5.6%Hispanic/LatinoHispanic/Latino3.8%

Income & Economy

The median household income in Parsons is $36,154, which is 55.1% below the national median of $80,610. The per capita income is $24,944. The poverty rate is 25.3%.

$36,154
Median Household Income
$24,944
Per Capita Income
25.3%
Poverty Rate

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Education

In Parsons, 78.5% of residents age 25+ have a high school diploma or higher, and 8.4% hold a bachelor's degree or higher (2.1% with a graduate or professional degree).

HS Diploma+
78.5%
Bachelor's+
8.4%
Graduate+
2.1%
Education Level % of Adults (25+)
High School Diploma or Higher78.5%
Bachelor's Degree or Higher8.4%
Graduate or Professional Degree2.1%

Housing

The median home value in Parsons is $118,100, below the national median of $303,400. The median monthly rent is $738. The homeownership rate is 59.9%.

$118,100
Median Home Value
$738/mo
Median Rent
59.9%
Homeownership Rate
Housing Metric Value
Median Home Value$118,100
Median Monthly Rent$738
Homeownership Rate59.9%
Vacancy Rate14.7%

Salaries in Tennessee

Explore salary data for popular occupations in Tennessee:

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Other Cities in Tennessee

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Frequently Asked Questions

What is the population of Parsons, Tennessee?
The population of Parsons, Tennessee is 2,686 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Parsons, Tennessee?
The median household income in Parsons, Tennessee is $36,154. This is 55.1% below the national median of $80,610.
What is the median home value in Parsons, Tennessee?
The median home value in Parsons, Tennessee is $118,100. The median monthly rent is $738.
What percentage of people in Parsons have a college degree?
In Parsons, Tennessee, 8.4% of adults age 25 and older hold a bachelor's degree or higher, and 78.5% have a high school diploma or higher.
Is Parsons, Tennessee an affordable place to live?
The home price-to-income ratio in Parsons, Tennessee is 3.3x (median home value $118,100 vs. median income $36,154), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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