Sheridan, MI
Population 816 · Michigan
About Sheridan, MI
Sheridan is a small community located in Michigan with a population of 816 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,786 per year, which is 24% below the national median of $75,149. The median age of 36.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Sheridan features a median home value of $140,600, which is 43% below the national median of $244,900. This makes Sheridan one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $777, 33% below the national average of $1,163/month. Of the 353 total housing units, 86% are owner-occupied (268 units) and 14% are renter-occupied (44 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Sheridan shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Sheridan have an average one-way commute time of 27.6 minutes.
Education & Demographics
14.7% of Sheridan 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 1.7% White, 2.5% 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 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 US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Sheridan?
The median household income in Sheridan, MI is $56,786 per year, which is 24% below the national median of $75,149.
What is the median home value in Sheridan?
The median home value in Sheridan, MI is $140,600, which is 43% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Sheridan?
The median monthly rent in Sheridan, MI is $777, which is 33% below the national average of $1,163/month.
What is the unemployment rate in Sheridan?
The unemployment rate in Sheridan, MI is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Sheridan, MI a good place to live?
Sheridan offers a moderate cost of living, affordable housing, and a strong job market. With a population of 816 and a median age of 36.7, the city appeals to a broad range of residents.
How educated is Sheridan, MI?
14.7% of residents in Sheridan 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 Sheridan?
Key cost-of-living indicators for Sheridan, MI: median home value is $140,600 (43% below national), median rent is $777/month, and median household income is $56,786. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Sheridan?
The poverty rate in Sheridan, MI is 6.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Sheridan, MI?
Sheridan's population is 1.7% White, 2.5% 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.