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Sheridan, Michigan

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
746
Population
$59,063
Median Income
$165,700
Home Value
39.3
Median Age

Demographics

Sheridan has a population of 746 with a median age of 39.3. Here is the racial and ethnic breakdown of the population:

White
93.8%
Other
5.4%
Hispanic
0.8%
Demographic Value
Total Population746
Median Age39.3
White93.8%
Hispanic or Latino0.8%
Other / Two or More Races5.4%
Sheridan, Michigan — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 93.8%Other: 5.4%Other: 0.8%746PopulationWhiteWhite93.8%OtherOther5.4%OtherOther0.8%

Income & Economy

The median household income in Sheridan is $59,063, which is 26.7% below the national median of $80,610. The per capita income is $32,439. The poverty rate is 5.2%.

$59,063
Median Household Income
$32,439
Per Capita Income
5.2%
Poverty Rate

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Education

In Sheridan, 93.1% of residents age 25+ have a high school diploma or higher, and 16.8% hold a bachelor's degree or higher (4.2% with a graduate or professional degree).

HS Diploma+
93.1%
Bachelor's+
16.8%
Graduate+
4.2%
Education Level % of Adults (25+)
High School Diploma or Higher93.1%
Bachelor's Degree or Higher16.8%
Graduate or Professional Degree4.2%

Housing

The median home value in Sheridan is $165,700, below the national median of $303,400. The median monthly rent is $800. The homeownership rate is 85.5%.

$165,700
Median Home Value
$800/mo
Median Rent
85.5%
Homeownership Rate
Housing Metric Value
Median Home Value$165,700
Median Monthly Rent$800
Homeownership Rate85.5%
Vacancy Rate3.3%

Salaries in Michigan

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Other Cities in Michigan

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Frequently Asked Questions

What is the population of Sheridan, Michigan?
The population of Sheridan, Michigan is 746 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Sheridan, Michigan?
The median household income in Sheridan, Michigan is $59,063. This is 26.7% below the national median of $80,610.
What is the median home value in Sheridan, Michigan?
The median home value in Sheridan, Michigan is $165,700. The median monthly rent is $800.
What percentage of people in Sheridan have a college degree?
In Sheridan, Michigan, 16.8% of adults age 25 and older hold a bachelor's degree or higher, and 93.1% have a high school diploma or higher.
Is Sheridan, Michigan an affordable place to live?
The home price-to-income ratio in Sheridan, Michigan is 2.8x (median home value $165,700 vs. median income $59,063), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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