Living in Sherwood, Michigan
Cost of living, income, home prices, rent and demographics of Sherwood · Census data 2020–2024
Sherwood has 388 residents with a median age of 34.4. The median household income is $58,750 (19% lower than the Michigan median), the median home value is $97,500, the median rent is $838/month.
Sherwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Sherwood at a glance
- Population
- 388
- Median age
- 34.4State: 40.2
- Median household income
- $58,750State: $72,875
- Median home value
- $97,500State: $231,600
- Median rent
- $838/moState: $1,129
- Homeowners
- 82.5%
- Bachelor's degree or higher
- 4.9%
- Average commute
- 25 min
Is Sherwood a good place to live?
Pros: Home values 58% lower than the state median; a poverty rate of 8%.
Cons: Median household income 19% lower than the Michigan median; an average commute of 25 minutes; unemployment of 12.5%.
The weather is best in June to September.
Cost of living in Sherwood
Housing is the biggest part of the cost of living. In Sherwood the median home value is $97,500, 71% lower than the U.S. median. Renters pay a median of $838 per month, which is 24.2% of household income. Homeowners with a mortgage pay $1,134 a month in housing costs.
Sherwood median household income
The median household income in Sherwood is $58,750 and the income per person is $25,190. 8% of residents live below the poverty line (Michigan: 13.2%).
Housing in Sherwood: homes for sale and rent
- Housing units
- 127
- Owner-occupied
- 82.5%
- Renter-occupied
- 17.5%
- Vacant
- 5.5%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 3.23
Sherwood demographics
- Population
- 388
- Median age
- 34.4
- Under 18
- 27.6%
- 65 and older
- 11.3%
- Households
- 120
- Foreign-born
- 0%
- Veterans
- 3.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Sherwood ›
Education in Sherwood
4.9% of adults 25 and older in Sherwood have a bachelor's degree or higher (Michigan: 32.4%), and 1.2% have a graduate or professional degree.
Jobs and commute in Sherwood
- Unemployment rate
- 12.5%State: 5.7%
- Average commute
- 25 minState: 24 min
- Work from home
- 4.4%
- Drive alone
- 78.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 86.7%
Sherwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Sherwood | 388 | $58,750 | $97,500 | $838 |
| Colon | 1,570 | $58,542 | $153,500 | $785 |
| Athens | 1,134 | $70,192 | $157,000 | $978 |
| Union City | 1,940 | $62,788 | $107,500 | $935 |
| Bronson | 2,083 | $46,359 | $114,800 | $938 |
| Burlington | 264 | $66,250 | $90,800 | $914 |
| Mendon | 815 | $82,292 | $142,900 | $1,007 |
| Burr Oak | 818 | $63,816 | $106,400 | $983 |
| Coldwater | 13,671 | $50,781 | $137,500 | $943 |
More for people moving to Sherwood
Sherwood ZIP code ›Weather and climate ›Living in Sherwood: FAQ
What is the median household income in Sherwood, MI?
The median household income in Sherwood is $58,750, 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 Sherwood?
The median home value in Sherwood is $97,500, compared with $231,600 in Michigan.
How much is rent in Sherwood?
The median gross rent in Sherwood is $838 per month, about 24.2% of household income.
Is Sherwood, MI a good place to live?
Pluses: home values 58% lower than the state median; a poverty rate of 8%. Minuses: median household income 19% lower than the Michigan median; an average commute of 25 minutes; unemployment of 12.5%.
What is the median age in Sherwood?
The median age in Sherwood is 34.4 years (Michigan: 40.2).
How long is the commute in Sherwood?
The average commute to work in Sherwood is 25 minutes; 4.4% of workers work from home.
What is the unemployment rate in Sherwood?
The unemployment rate in Sherwood is 12.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Sherwood?
4.9% of adults in Sherwood 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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