Living in Chatham, Michigan
Cost of living, income, home prices, rent and demographics of Chatham · Census data 2020–2024
Chatham has 135 residents with a median age of 62. The median household income is $48,438 (34% lower than the Michigan median), the median home value is $131,300, the median rent is $713/month.
Chatham is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Chatham at a glance
- Population
- 135
- Median age
- 62State: 40.2
- Median household income
- $48,438State: $72,875
- Median home value
- $131,300State: $231,600
- Median rent
- $713/moState: $1,129
- Homeowners
- 85.9%
- Bachelor's degree or higher
- 20%
- Average commute
- 20 min
Is Chatham a good place to live?
Pros: Home values 43% lower than the state median; an average commute of 20 minutes.
Cons: Median household income 34% lower than the Michigan median; unemployment of 6.1%; a poverty rate of 15.7%.
The weather is best in June to September.
Cost of living in Chatham
Housing is the biggest part of the cost of living. In Chatham the median home value is $131,300, 61% lower than the U.S. median. Renters pay a median of $713 per month, which is 51% of household income. Homeowners with a mortgage pay $838 a month in housing costs.
Chatham median household income
The median household income in Chatham is $48,438 and the income per person is $36,446. 15.7% of residents live below the poverty line (Michigan: 13.2%).
Housing in Chatham: homes for sale and rent
- Housing units
- 90
- Owner-occupied
- 85.9%
- Renter-occupied
- 14.1%
- Vacant
- 21.1%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 1.86
Chatham demographics
- Population
- 135
- Median age
- 62
- Under 18
- 8.9%
- 65 and older
- 43%
- Households
- 71
- Foreign-born
- 8.9%
- Veterans
- 8.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Chatham ›
Education in Chatham
20% of adults 25 and older in Chatham have a bachelor's degree or higher (Michigan: 32.4%), and 3.5% have a graduate or professional degree.
Jobs and commute in Chatham
- Unemployment rate
- 6.1%State: 5.7%
- Average commute
- 20 minState: 24 min
- Work from home
- 2.4%
- Drive alone
- 75.6%
- Public transit
- 0%
- Walk to work
- 4.9%
- Homes with broadband
- 73.2%
Chatham vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Chatham | 135 | $48,438 | $131,300 | $713 |
| Munising | 1,975 | $59,808 | $117,300 | $706 |
| K. I. Sawyer | 2,817 | $60,833 | $87,300 | $782 |
| Rock | 160 | $71,250 | $122,100 | — |
| Harvey | 2,880 | $78,674 | $262,800 | $845 |
| Gwinn | 1,435 | $46,414 | $117,000 | $682 |
| Marquette | 21,325 | $55,613 | $274,700 | $1,011 |
| Trowbridge Park | 2,396 | $50,125 | $239,600 | $1,186 |
| Rapid River | 223 | $51,500 | $122,500 | $99 |
More for people moving to Chatham
Chatham ZIP code ›Weather and climate ›Living in Chatham: FAQ
What is the median household income in Chatham, MI?
The median household income in Chatham is $48,438, 34% lower than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Chatham?
The median home value in Chatham is $131,300, compared with $231,600 in Michigan.
How much is rent in Chatham?
The median gross rent in Chatham is $713 per month, about 51% of household income.
Is Chatham, MI a good place to live?
Pluses: home values 43% lower than the state median; an average commute of 20 minutes. Minuses: median household income 34% lower than the Michigan median; unemployment of 6.1%; a poverty rate of 15.7%.
What is the median age in Chatham?
The median age in Chatham is 62 years (Michigan: 40.2).
How long is the commute in Chatham?
The average commute to work in Chatham is 20 minutes; 2.4% of workers work from home.
What is the unemployment rate in Chatham?
The unemployment rate in Chatham is 6.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Chatham?
20% of adults in Chatham have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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