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Sheridan, MI
Full City Profile · Michigan · Montcalm County County
3.4
/5.0
B
Good
816
Population
742/sq mi density
$56,786
Median Income
$28,515 per capita
$140,600
Home Value
$283,118 Zillow
$777
Median Rent
42.5% income on rent
47°F
Avg Temperature
260 sunny days/yr
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$56,786 median income, 1.5% unemployment
A+
Affordability
5.0 / 5.0
$140,600 home value, $777/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C
Education
2.2 / 5.0
14.7% bachelor's degree or higher
Income Overview
Median Household Income
$56,786
24% below
US avg: $75,149
Per Capita Income
$28,515
27% below
US avg: $39,052
Unemployment Rate
1.5%
58% below
US avg: 3.6%
Poverty Rate
4.5%
64% below
US avg: 12.4%
Income Comparison: Sheridan vs. U.S. Average
Each bar shows Sheridan’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$56,786
76%
Per Capita
US: $39,052
$28,515
73%
IRS Avg AGI
US: $72,000
$55,319
77%
Avg Weekly Wage
US: $1,432
$909
63%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$909
37% below US avg ($1,432)
Mean Commute Time
28 min
0% below US avg (28 min)
Work From Home
2.5%
84% below US avg (15.2%)
Drive Alone
91.1%
24% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$2,158M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
91.1%
Public Transit
0%
Work From Home
2.5%
Other
6.4%
Average commute time
28 minutes
US avg: 28 min
Business Landscape
Total Establishments
1,086
Restaurants
93
Healthcare
122
Retail
201
Manufacturing
74
Tax & Financial
IRS Avg Adjusted Gross Income
$55,319
23% below US avg ($72,000)
Avg Property Tax
$4,619
32% above US avg ($3,500)
Cost of Living Index
96.2
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $56,786 |
| Per Capita Income | $28,515 |
| IRS Avg Adjusted Gross Income | $55,319 |
| Avg Weekly Wage | $909 |
| County GDP | $2,158M |
Hardship Indicators
| Unemployment Rate | 1.5% |
| Poverty Rate | 4.5% |
| Gini Coefficient | 0.396 |
| Cost of Living Index | 96.2 |
Commute
| Mean Commute | 28 minutes |
| Drive Alone | 91.1% |
| Public Transit | 0.0% |
| Work From Home | 2.5% |
Businesses
| Total Establishments | 1,086 |
| Restaurants | 93 |
| Healthcare | 122 |
| Retail | 201 |
| Manufacturing | 74 |
Tax
| IRS Avg AGI | $55,319 |
| Avg Property Tax | $4,619 |