Sherwood employment information

IndexSherwoodMichiganNational
Income per capita$14,775$27,549$29,829
Median household income$42,083$50,803$55,322
Median income owner occupied$46,964$62,251$70,586
Median income renter occupied$20,417$28,598$35,192
Median earnings male$31,667$35,730$36,919
Median earnings female$19,583$22,948$26,250
Unemployment rate4.7%5.2%4.7%
Poverty level28.6%16.3%15.1%
The Sherwood, MI employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Sherwood is $14,775, which is 46% lower than than the Michigan average and 50% lower than than the national average. The median household income is $42,083, which is 17% lower than than the Michigan average and 24% lower than than the national average. The unemployment rate in Sherwood is 5%, which is 1% higher than than the national average. The poverty rate in Sherwood is 29% which is 89% higher than than the national average.

am i middle class

$Input your household income
$28,052$42,083$84,166
City
$33,865$50,803$101,606
State
$36,877$55,322$110,644
Nation
According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

Did you know?

  • The income per capita in Sherwood is 50% lower than the national average.
  • The median household income in Sherwood is 24% lower than the national average.
  • Male median earnings are 41% higher than female median earnings.
  • The unemployment rate in Sherwood is 1% higher than the national average.
  • The poverty level in Sherwood is 89% higher than the national average.

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Compare Sherwood, MI Employment To Other Cities

Employment status

Hours worked per week

Sherwood median earnings by income bracket

Sherwood employment by industry

Labour TypeMaleFemale
Construction industry6.3%0.0%
Manufacturing sector40.5%2.3%
Financial & insurance services0.0%0.0%
Wholesale & retail services15.2%0.0%
Public administration1.3%4.7%
Transportation, warehousing & utilities5.1%7.0%
Education, health & social services2.5%34.9%
Other29.1%25.6%

Nearby cities with high median household income

City, StatePopulationHousehold IncomeNational Avg.
Mendon, MI904$54,0632%
Athens, MI1,141$47,34414%
Burr Oak, MI918$45,86517%
Centreville, MI1,522$44,21920%
Burlington, MI247$41,66725%
Sherwood, MI348$42,08324%

Cities with similar population

City, StatePopulationHousehold IncomeNational Avg.
Gratiot, OH348$45,62518%
Lafferty, OH348$18,22967%
Gentryville, IN348$50,3139%
Stowe, VT348$27,50050%
El Chaparral, TX348$0100%
Sherwood, MI348$42,08324%
Source: The Sherwood, MI employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).