Shoreham, MI
Population 899 · Michigan
About Shoreham, MI
Shoreham is a small community located in Michigan with a population of 899 residents according to the latest US Census Bureau American Community Survey data. The median household income is $110,231 per year, which is 47% above the national median of $75,149. The median age of 49.6 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 Shoreham features a median home value of $284,900, which is 16% above the national median of $244,900. This positions Shoreham in a moderately priced market relative to the rest of the country. Median monthly rent is $1,309, 13% above the national average of $1,163/month. Of the 526 total housing units, 71% are owner-occupied (288 units) and 29% are renter-occupied (115 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Shoreham shows an unemployment rate of 0.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Shoreham have an average one-way commute time of 18.9 minutes, one of the shorter commutes in the region.
Education & Demographics
54.0% of Shoreham residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.7% White, 4.8% Hispanic or Latino, 0.0% Black or African American, and 1.8% Asian residents, with 11.2% of the population being foreign-born.
How Shoreham Ranks in Michigan
Cost of Living in Shoreham, MI
Compared to national averages, Shoreham has a median household income of $110,231 (47% above the national median of $75,149). Home values average $284,900, which is 16% above the national median. Monthly rent at $1,309 is 13% above the US average of $1,163. Within Michigan, Shoreham's income is 67% above the state average of $66,017, and home values are 55% above the state median of $183,391.
Why Live in Shoreham, MI?
Shoreham offers a strong local economy with a median household income of $110,231, well above the national average, and a strong job market with an unemployment rate of just 0.4%, and a well-educated community where 54.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 1.4%, better than the national average, and short commute times averaging just 18.9 minutes.
Shoreham has a population of 899 with a median age of 49.6 years. Compare Shoreham with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Shoreham
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Chassell | 905 | $55,417 | $170,700 | Compare |
| Westphalia | 890 | $74,750 | $225,700 | Compare |
| Deerfield | 889 | $73,462 | $159,200 | Compare |
| Ossineke | 888 | $54,625 | $157,100 | Compare |
| Pentwater | 885 | $76,688 | $347,200 | Compare |
| Lake Michigan Beach | 914 | $61,250 | $259,900 | Compare |
| Buckley | 925 | $65,089 | $189,000 | Compare |
| Bellaire | 929 | $53,750 | $182,800 | 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 Shoreham With Other Cities
Frequently Asked Questions about Shoreham
What is the population of Shoreham, MI?
The population of Shoreham, MI is 899 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 Shoreham?
The median household income in Shoreham, MI is $110,231 per year, which is 47% above the national median of $75,149.
What is the median home value in Shoreham?
The median home value in Shoreham, MI is $284,900, which is 16% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Shoreham?
The median monthly rent in Shoreham, MI is $1,309, which is 13% above the national average of $1,163/month.
What is the unemployment rate in Shoreham?
The unemployment rate in Shoreham, MI is 0.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Shoreham, MI a good place to live?
Shoreham offers above-average incomes, a competitive housing market, and a strong job market. With a population of 899 and a median age of 49.6, the city appeals to established professionals and retirees.
How educated is Shoreham, MI?
54.0% of residents in Shoreham aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Shoreham?
Key cost-of-living indicators for Shoreham, MI: median home value is $284,900 (16% above national), median rent is $1,309/month, and median household income is $110,231. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Shoreham?
The poverty rate in Shoreham, MI is 1.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Shoreham, MI?
Shoreham's population is 0.7% White, 4.8% Hispanic or Latino, 0.0% Black or African American, 1.8% Asian, and 4.2% two or more races. 11.2% of residents are foreign-born.