Parsons, TN Profile: Facts & Data

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Parsons, Tennessee - Basic Facts

The City of Parsons had a population of 2,384 as of July 1, 2019.

The primary coordinate point for Parsons is located at latitude 35.6498 and longitude -88.1267 in Decatur County. The formal boundaries for the City of Parsons encompass a land area of 4.14 sq. miles and a water area of 0 sq. miles. Decatur County is in the Central time zone (GMT -6). The elevation is 495 feet.

The City of Parsons (GNIS ID: 2404484) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Parsons is located within Commissioner District 8, a minor civil division (MCD) of Decatur County.

Alternate Unofficial Names for Parsons: Parsons Flats.

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  1. Parsons 2019 Demographic Data
  2. Growth Rates for Parsons (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Tennessee Research Tools (Easy Tools & Current Data)
  3. Tennessee Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Parsons, TN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Parsons, TN Housing Affordability Index is 233
State of Tennessee Housing Affordability Index is 143
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Parsons, TN Wealth Index is 51
State of Tennessee Wealth Index is 81
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
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  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Tennessee COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 2,384 (100%)
Population in Households 2,317 (97.2%)
Population in Families 1,835 (77.0%)
Population in Group Quarters1 67 ( 2.8%)
Population Density 590
Diversity Index2 26
 

INCOME

Median Household Income $37,463
Average Household Income $55,151
Per Capita Income $22,490
Wealth Index4 51

HOUSING

Total Housing Units 1,150 (100%)
Owner Occupied HU 623 (54.2%)
Renter Occupied HU 354 (30.8%)
Vacant Housing Units 172 (15.0%)
Median Home Value $88,931
Housing Affordability Index3 233
 

HOUSEHOLDS

Total Households 978
Average Household Size 2.37
Family Households 608
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.09% 0.13%
Households -0.02% 0.06%
Families 0.27% -0.07%
Median Household Income   3.19%
Per Capita Income   2.6%

Parsons, TN - Peer Comparisons by Rank and Percentile

The table below compares Parsons to the other 429 incorporated cities, towns and CDPs in Tennessee by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 177 59th
Population Density # 182 58th
Diversity Index # 155 64th
Median Household Income # 306 29th
Per Capita Income # 221 49th

Additional comparisons and rankings can be made with a VERY EASY TO USE Tennessee Census Data Comparison Tool.

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