Chatham, MI
Population 123 · Michigan
About Chatham, MI
Chatham is a small community located in Michigan with a population of 123 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,813 per year, which is 36% below the national median of $75,149. The median age of 65.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Chatham features a median home value of $154,200, which is 37% below the national median of $244,900. This positions Chatham in a moderately priced market relative to the rest of the country. Median monthly rent is $683, 41% below the national average of $1,163/month. Of the 96 total housing units, 75% are owner-occupied (55 units) and 25% are renter-occupied (18 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Chatham shows an unemployment rate of 6.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 18.0%, above the national average of 12.4%. Workers in Chatham have an average one-way commute time of 20.4 minutes.
Education & Demographics
22.5% of Chatham residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.8% of the population being foreign-born.
Cost of Living in Chatham, MI
Compared to national averages, Chatham has a median household income of $47,813 (36% below the national median of $75,149). Home values average $154,200, which is 37% below the national median. Monthly rent at $683 is 41% below the US average of $1,163. Within Michigan, Chatham's income is 28% below the state average of $66,017, and home values are 16% below the state median of $183,391.
Why Live in Chatham, MI?
Chatham offers affordable housing with a median home value of $154,200, below the US average of $244,900, and rent that’s lower than the national average at $683/month, and short commute times averaging just 20.4 minutes.
Potential considerations include median household income ($47,813) that falls below the national average. However, Chatham’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Chatham has a population of 123 with a median age of 65.3 years. Compare Chatham with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Chatham
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Arcadia | 123 | $83,333 | $256,800 | Compare |
| Norwood | 123 | $72,500 | $266,100 | Compare |
| Crystal Mountain | 120 | $0 | $487,500 | Compare |
| Eagle Harbor | 130 | $106,625 | $267,900 | Compare |
| Greenland | 116 | $43,958 | $55,000 | Compare |
| Nessen City | 115 | $59,375 | $122,500 | Compare |
| Covington | 113 | $68,750 | $0 | Compare |
| Lake Gogebic | 113 | $36,711 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Chatham With Other Cities
Frequently Asked Questions about Chatham
What is the population of Chatham, MI?
The population of Chatham, MI is 123 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Chatham?
The median household income in Chatham, MI is $47,813 per year, which is 36% below the national median of $75,149.
What is the median home value in Chatham?
The median home value in Chatham, MI is $154,200, which is 37% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Chatham?
The median monthly rent in Chatham, MI is $683, which is 41% below the national average of $1,163/month.
What is the unemployment rate in Chatham?
The unemployment rate in Chatham, MI is 6.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Chatham, MI a good place to live?
Chatham offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 123 and a median age of 65.3, the city appeals to established professionals and retirees.
How educated is Chatham, MI?
22.5% of residents in Chatham aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Chatham?
Key cost-of-living indicators for Chatham, MI: median home value is $154,200 (37% below national), median rent is $683/month, and median household income is $47,813. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Chatham?
The poverty rate in Chatham, MI is 18.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Chatham, MI?
Chatham's population is 0.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.8% two or more races. 0.8% of residents are foreign-born.