Shepherd, MI
Population 1,438 · Michigan
About Shepherd, MI
Shepherd is a small community in Michigan with a population of 1,438 residents. The median household income is $76,591 per year, which is above the national average. The median age in Shepherd is 32 years.
Housing in Shepherd has a median home value of $147,800 and median monthly rent of $790. Of the 563 total housing units, the majority are owner-occupied, with 355 owner-occupied and 163 renter-occupied units.
The unemployment rate in Shepherd is 0.8% and the poverty rate is 15.4%. 27.6% of residents hold a bachelor's degree or higher. The average commute time is 17.7 minutes.
How Shepherd Ranks in Michigan
Cost of Living in Shepherd, MI
Compared to national averages, Shepherd has a median household income of $76,591 (2% above the national median of $75,149). Home values average $147,800, which is 40% below the national median. Monthly rent at $790 is 32% below the US average of $1,163. Within Michigan, Shepherd's income is 16% above the state average of $66,017, and home values are 19% below the state median of $183,391.
Why Live in Shepherd, MI?
Shepherd offers a strong local economy with a median household income of $76,591, well above the national average, and affordable housing with a median home value of $147,800, below the US average of $244,900, and rent that’s lower than the national average at $790/month. Additionally, the city features a strong job market with an unemployment rate of just 0.8%, and short commute times averaging just 17.7 minutes.
Shepherd has a population of 1,438 with a median age of 32 years. Compare Shepherd with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Shepherd
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Colon | 1,432 | $53,750 | $123,700 | Compare |
| Burt | 1,430 | $92,596 | $184,000 | Compare |
| Fowler | 1,446 | $72,261 | $194,400 | Compare |
| Newberry | 1,453 | $49,758 | $65,800 | Compare |
| Edmore | 1,417 | $53,750 | $86,800 | Compare |
| Breckenridge | 1,411 | $56,779 | $107,000 | Compare |
| Shorewood-Tower Hills-Harbert | 1,468 | $80,642 | $296,000 | Compare |
| Ravenna | 1,472 | $73,233 | $191,300 | 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.
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Frequently Asked Questions about Shepherd
What is the population of Shepherd, MI?
The population of Shepherd, MI is 1,438 according to the latest Census data.
What is the median household income in Shepherd?
The median household income in Shepherd, MI is $76,591 per year.
What is the median home value in Shepherd?
The median home value in Shepherd, MI is $147,800.
What is the average rent in Shepherd?
The median monthly rent in Shepherd, MI is $790.
What is the unemployment rate in Shepherd?
The unemployment rate in Shepherd, MI is 0.8%.