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Sherwood, MI
Full City Profile · Michigan · Branch County County
3.0
/5.0
B
Good
388
Population
388/sq mi density
$56,645
Median Income
$23,490 per capita
$72,500
Home Value
$146,480 Zillow
$738
Median Rent
22.5% income on rent
48°F
Avg Temperature
275 sunny days/yr
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$56,645 median income, 5.2% unemployment
A+
Affordability
5.0 / 5.0
$72,500 home value, $738/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
F
Education
1.3 / 5.0
3.3% bachelor's degree or higher
Income Overview
Median Household Income
$56,645
25% below
US avg: $75,149
Per Capita Income
$23,490
40% below
US avg: $39,052
Unemployment Rate
5.2%
44% above
US avg: 3.6%
Poverty Rate
15.9%
28% above
US avg: 12.4%
Income Comparison: Sherwood vs. U.S. Average
Each bar shows Sherwood’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$56,645
75%
Per Capita
US: $39,052
$23,490
60%
IRS Avg AGI
US: $72,000
$60,552
84%
Avg Weekly Wage
US: $1,432
$1,032
72%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,032
28% below US avg ($1,432)
Mean Commute Time
27 min
2% below US avg (28 min)
Work From Home
3.6%
76% below US avg (15.2%)
Drive Alone
79.5%
9% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$1,938M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
79.5%
Public Transit
0%
Work From Home
3.6%
Other
16.9%
Average commute time
27 minutes
US avg: 28 min
Business Landscape
Total Establishments
869
Restaurants
82
Healthcare
93
Retail
139
Manufacturing
66
Tax & Financial
IRS Avg Adjusted Gross Income
$60,552
16% below US avg ($72,000)
Avg Property Tax
$5,453
56% 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 | $56,645 |
| Per Capita Income | $23,490 |
| IRS Avg Adjusted Gross Income | $60,552 |
| Avg Weekly Wage | $1,032 |
| County GDP | $1,938M |
Hardship Indicators
| Unemployment Rate | 5.2% |
| Poverty Rate | 15.9% |
| Gini Coefficient | 0.420 |
| Cost of Living Index | 96.2 |
Commute
| Mean Commute | 27 minutes |
| Drive Alone | 79.5% |
| Public Transit | 0.0% |
| Work From Home | 3.6% |
Businesses
| Total Establishments | 869 |
| Restaurants | 82 |
| Healthcare | 93 |
| Retail | 139 |
| Manufacturing | 66 |
Tax
| IRS Avg AGI | $60,552 |
| Avg Property Tax | $5,453 |