Sherwood, MI Employment - Median Household Income, Unemployment Rate

F

44%

Income/capita NAT. AVG.

17%

Household income NAT. AVG.

2%

Unemployment NAT. AVG.

Index	Sherwood	Michigan	National
Income per capita	$16,718	$27,549	$29,829
Median household income	$45,655	$50,803	$55,322
Median income owner occupied	$46,488	$62,251	$70,586
Median income renter occupied	$31,875	$28,598	$35,192
Median earnings male	$40,714	$35,730	$36,919
Median earnings female	$35,063	$22,948	$26,250
Unemployment rate	4.7%	5.2%	4.7%
Poverty level	13.0%	16.3%	15.1%

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Key findings

The income per capita in Sherwood is 44% lower than the national average
The median household income in Sherwood is 17% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Sherwood is 2% higher than the national average
The poverty level in Sherwood is 14% lower than the national average

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am i middle class

$30,433 $45,655 $91,310

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.

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Sherwood median earnings by income bracket

Sherwood employment by industry

Labour Type	Male	Female
Construction industry	7.3%	7.3%
Manufacturing sector	61.8%	61.8%
Financial & insurance services	0.0%	0.0%
Wholesale & retail services	7.3%	7.3%
Public administration	0.0%	0.0%
Transportation, warehousing & utilities	1.8%	1.8%
Education, health & social services	3.6%	3.6%
Other	18.2%	18.2%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Mendon, MI	835	$65,000	17.5%
Burr Oak, MI	798	$54,279	1.9%
Athens, MI	1,045	$54,063	2.3%
Centreville, MI	1,159	$53,839	2.7%
Burlington, MI	299	$51,250	7.4%
Sherwood, MI	507	$45,655	17.5%

Cities with similar population

City	Population	Household Income	National Avg.
Hytop, AL	507	$56,786	2.6%
Cotton Plant, AR	507	$20,750	62.5%
Holland, AR	507	$57,596	4.1%
Rose Bud, AR	507	$42,661	22.9%
Brooks, GA	507	$85,795	55.1%
Sherwood, MI	507	$45,655	17.5%

Source: The Sherwood, MI employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).