Sheridan, MI
Population 816 · Michigan
About Sheridan, MI
Sheridan is a small community in Michigan with a population of 816 residents. The median household income is $56,786 per year, which is near the national average. The median age in Sheridan is 36.7 years.
Housing in Sheridan has a median home value of $140,600 and median monthly rent of $777. Of the 353 total housing units, the majority are owner-occupied, with 268 owner-occupied and 44 renter-occupied units.
The unemployment rate in Sheridan is 2.7% and the poverty rate is 6.6%. 14.7% of residents hold a bachelor's degree or higher. The average commute time is 27.6 minutes.
Cost of Living in Sheridan, MI
Compared to national averages, Sheridan has a median household income of $56,786 (24% below the national median of $75,149). Home values average $140,600, which is 43% below the national median. Monthly rent at $777 is 33% below the US average of $1,163. Within Michigan, Sheridan's income is 14% below the state average of $66,017, and home values are 23% below the state median of $183,391.
Why Live in Sheridan, MI?
Sheridan offers affordable housing with a median home value of $140,600, below the US average of $244,900, and rent that’s lower than the national average at $777/month, and a strong job market with an unemployment rate of just 2.7%. Additionally, the city features a low poverty rate of 6.6%, better than the national average.
Potential considerations include median household income ($56,786) that falls below the national average. However, Sheridan’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Sheridan has a population of 816 with a median age of 36.7 years. Compare Sheridan with other cities to see how it stacks up, or explore all cities in Michigan.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Sheridan
What is the population of Sheridan, MI?
The population of Sheridan, MI is 816 according to the latest Census data.
What is the median household income in Sheridan?
The median household income in Sheridan, MI is $56,786 per year.
What is the median home value in Sheridan?
The median home value in Sheridan, MI is $140,600.
What is the average rent in Sheridan?
The median monthly rent in Sheridan, MI is $777.
What is the unemployment rate in Sheridan?
The unemployment rate in Sheridan, MI is 2.7%.