Living in Sheridan, Michigan
Cost of living, income, home prices, rent and demographics of Sheridan · Census data 2020–2024
Sheridan has 746 residents with a median age of 39.3. The median household income is $59,063 (19% lower than the Michigan median), the median home value is $165,700, the median rent is $800/month.
Sheridan is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Sheridan at a glance
- Population
- 746
- Median age
- 39.3State: 40.2
- Median household income
- $59,063State: $72,875
- Median home value
- $165,700State: $231,600
- Median rent
- $800/moState: $1,129
- Homeowners
- 85.5%
- Bachelor's degree or higher
- 16.8%
- Average commute
- 29 min
Is Sheridan a good place to live?
Pros: Home values 28% lower than the state median; unemployment of 2.5%; a poverty rate of 5.2%.
Cons: Median household income 19% lower than the Michigan median; an average commute of 29 minutes.
The weather is best in June to September.
Cost of living in Sheridan
Housing is the biggest part of the cost of living. In Sheridan the median home value is $165,700, 50% lower than the U.S. median. Renters pay a median of $800 per month, which is 42.9% of household income. Homeowners with a mortgage pay $1,214 a month in housing costs.
Sheridan median household income
The median household income in Sheridan is $59,063 and the income per person is $32,439. 5.2% of residents live below the poverty line (Michigan: 13.2%).
Housing in Sheridan: homes for sale and rent
- Housing units
- 307
- Owner-occupied
- 85.5%
- Renter-occupied
- 14.5%
- Vacant
- 3.3%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 2.51
Sheridan demographics
- Population
- 746
- Median age
- 39.3
- Under 18
- 24%
- 65 and older
- 22.9%
- Households
- 297
- Foreign-born
- 0.1%
- Veterans
- 6.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Sheridan ›
Education in Sheridan
16.8% of adults 25 and older in Sheridan have a bachelor's degree or higher (Michigan: 32.4%), and 4.2% have a graduate or professional degree.
Jobs and commute in Sheridan
- Unemployment rate
- 2.5%State: 5.7%
- Average commute
- 29 minState: 24 min
- Work from home
- 3.8%
- Drive alone
- 90.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 71.4%
Sheridan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Sheridan | 746 | $59,063 | $165,700 | $800 |
| Stanton | 1,285 | $48,750 | $114,900 | $640 |
| Crystal | 1,114 | $41,806 | $197,300 | $597 |
| Palo | 375 | $34,489 | $94,300 | — |
| Greenville | 8,995 | $63,285 | $184,200 | $894 |
| McBride | 195 | $59,821 | $117,700 | — |
| Belding | 5,960 | $60,373 | $163,800 | $668 |
| Carson City | 1,233 | $44,375 | $123,600 | $680 |
| Edmore | 1,514 | $54,063 | $105,500 | $686 |
More for people moving to Sheridan
Sheridan ZIP code ›Weather and climate ›Living in Sheridan: FAQ
What is the median household income in Sheridan, MI?
The median household income in Sheridan is $59,063, 19% 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 Sheridan?
The median home value in Sheridan is $165,700, compared with $231,600 in Michigan.
How much is rent in Sheridan?
The median gross rent in Sheridan is $800 per month, about 42.9% of household income.
Is Sheridan, MI a good place to live?
Pluses: home values 28% lower than the state median; unemployment of 2.5%; a poverty rate of 5.2%. Minuses: median household income 19% lower than the Michigan median; an average commute of 29 minutes.
What is the median age in Sheridan?
The median age in Sheridan is 39.3 years (Michigan: 40.2).
How long is the commute in Sheridan?
The average commute to work in Sheridan is 29 minutes; 3.8% of workers work from home.
What is the unemployment rate in Sheridan?
The unemployment rate in Sheridan is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Sheridan?
16.8% of adults in Sheridan 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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