Shaftsburg, MI
Population 498 · Michigan
About Shaftsburg, MI
Shaftsburg is a small community located in Michigan with a population of 498 residents according to the latest US Census Bureau American Community Survey data. The median household income is $90,054 per year, which is 20% above the national median of $75,149. The median age of 54 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 Shaftsburg features a median home value of $235,900, which is 4% below the national median of $244,900. This positions Shaftsburg in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 296 total housing units, 94% are owner-occupied (204 units) and 6% are renter-occupied (13 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Shaftsburg shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Shaftsburg have an average one-way commute time of 21.7 minutes.
Education & Demographics
14.1% of Shaftsburg 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Shaftsburg, MI
Compared to national averages, Shaftsburg has a median household income of $90,054 (20% above the national median of $75,149). Home values average $235,900, which is 4% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Shaftsburg's income is 36% above the state average of $66,017, and home values are 29% above the state median of $183,391.
Why Live in Shaftsburg, MI?
Shaftsburg offers a strong local economy with a median household income of $90,054, well above the national average, and affordable housing with a median home value of $235,900, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 3.6%, and a low poverty rate of 4.0%, better than the national average, and short commute times averaging just 21.7 minutes.
Shaftsburg has a population of 498 with a median age of 54 years. Compare Shaftsburg with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Shaftsburg
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fairgrove | 492 | $37,500 | $75,600 | Compare |
| Oden | 492 | $61,132 | $123,000 | Compare |
| Millers Lake | 505 | $68,068 | $216,000 | Compare |
| Eau Claire | 507 | $62,500 | $130,000 | Compare |
| Thompsonville | 508 | $62,083 | $100,700 | Compare |
| Gaines | 487 | $57,500 | $131,900 | Compare |
| Mecosta | 509 | $70,069 | $92,200 | Compare |
| Pewamo | 511 | $76,250 | $179,500 | 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 Shaftsburg With Other Cities
Frequently Asked Questions about Shaftsburg
What is the population of Shaftsburg, MI?
The population of Shaftsburg, MI is 498 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 Shaftsburg?
The median household income in Shaftsburg, MI is $90,054 per year, which is 20% above the national median of $75,149.
What is the median home value in Shaftsburg?
The median home value in Shaftsburg, MI is $235,900, which is 4% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Shaftsburg?
The median monthly rent in Shaftsburg, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Shaftsburg?
The unemployment rate in Shaftsburg, MI is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Shaftsburg, MI a good place to live?
Shaftsburg offers above-average incomes, affordable housing, and a strong job market. With a population of 498 and a median age of 54, the city appeals to established professionals and retirees.
How educated is Shaftsburg, MI?
14.1% of residents in Shaftsburg 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 Shaftsburg?
Key cost-of-living indicators for Shaftsburg, MI: median home value is $235,900 (4% below national), median rent is $0/month, and median household income is $90,054. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Shaftsburg?
The poverty rate in Shaftsburg, MI is 4.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Shaftsburg, MI?
Shaftsburg's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.