New Madrid vs Parma

A side-by-side comparison of New Madrid and Parma: population, income, housing, and more.

New Madrid and Parma are places in Missouri. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

New Madrid has the higher population (2,720 vs 552 in Parma). Parma has the higher median household income ($63,500 vs $51,250 in New Madrid). New Madrid has the higher median home value ($120,700 vs $35,800 in Parma).

Population, income & housing

	New Madrid	Parma
Population	2,720	552
Median age	41.1 yrs	36.1 yrs
Median household income	$51,250	$63,500
Median home value	$120,700	$35,800
Median gross rent	$692	$670
Housing units	1,394	254
Homeownership rate	59.0%	60.4%
Bachelor's degree or higher	16.6%	6.5%
Unemployment rate	1.4%	1.0%

Trends (ACS 5-year, 2019–2023)

	New Madrid	Parma
Population	2,898 → 2,720 (-6.1%)	608 → 552 (-9.2%)
Median household income	$39,833 → $51,250 (+28.7%)	$24,231 → $63,500 (+162.1%)
Median home value	$86,900 → $120,700 (+38.9%)	$50,000 → $35,800 (-28.4%)
Median gross rent	$645 → $692 (+7.3%)	$816 → $670 (-17.9%)

New Madrid

Population

2,8982,720

Median household income

$39,833$51,250

Median home value

$86,900$120,700

Median gross rent

$645$692

Parma

Population

608552

Median household income

$24,231$63,500

Median home value

$50,000$35,800

Median gross rent

$816$670

Age & race/ethnicity

Age distribution (share)

	New Madrid	Parma
Under 5	7.5%	9.6%
5 to 17	12.8%	19.0%
18 to 24	11.6%	10.1%
25 to 34	12.8%	11.1%
35 to 44	10.3%	15.2%
45 to 54	11.0%	7.1%
55 to 64	10.6%	16.5%
65 to 74	14.9%	10.5%
75 and over	8.5%	0.9%

Race & ethnicity (share)

	New Madrid	Parma
White (non-Hispanic)	78.1%	44.9%
Black or African American	14.5%	27.9%
American Indian & Alaska Native	0.3%	0.0%
Asian	1.0%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.0%
Two or more races	5.2%	12.3%
Hispanic or Latino	0.8%	14.9%

Educational attainment (age 25+)

Share of adults 25+

	New Madrid	Parma
No high school diploma	11.3%	25.7%
High school graduate	41.1%	50.0%
Some college or associate's	31.0%	17.8%
Bachelor's degree	10.8%	3.3%
Graduate or professional degree	5.8%	3.3%

Commute to work

How workers get to work (share)

	New Madrid	Parma
Drove alone	89.2%	79.5%
Carpooled	10.8%	13.5%
Public transit	0.0%	0.0%
Walked	0.0%	0.0%
Bicycle	0.0%	0.0%
Worked from home	0.0%	7.0%
Other means	0.0%	0.0%

Housing

Units in structure (share)

	New Madrid	Parma
1-unit, detached	67.9%	80.3%
1-unit, attached	1.1%	0.0%
2 to 4 units	11.1%	9.1%
5 to 19 units	5.6%	3.1%
20 or more units	2.6%	0.0%
Mobile home & other	11.7%	7.5%

Poverty & households

	New Madrid	Parma
Poverty rate	9.3%	34.1%
Average household size	2.23	2.60
Mean commute (minutes)	19	20
Median year structure built	1975	1967