What is the median household income in Sheridan Township (Clare County), MI?
The median household income in Sheridan Township (Clare County), MI is $64,135 (±$14,623) a year (2020–2024 American Community Survey).
In Sheridan Township (Clare County), the median household income went from $54,091 in 2015–2019 to $64,135 in 2020–2024 (+18.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $64,135 (±$14,623)
- Median renter income
- $29,609 (±$19,173)
Income in Sheridan Township (Clare County) against Clare County, its state and the nation
| Sheridan Township (Clare County) | Clare County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $64,135 (±$14,623) | $49,384 (±$2,661) | $72,875 (±$293) | $80,734 |
| Median renter household income | $29,609 (±$19,173) | $29,066 (±$2,411) | $42,352 (±$376) | $52,966 |
| Median owner household income | $65,729 (±$13,145) | $53,416 (±$2,763) | $87,130 (±$344) | $100,009 |
| Median gross rent | — | $765 (±$87) | $1,129 (±$4) | $1,413 |
In Sheridan Township (Clare County), median household income is not measurably different from Clare County ($49,384).
It is not measurably different from Michigan ($72,875).
It is lower than the national figure ($80,734).
In Clare County, Sheridan Township (Clare County) ranks 4 of 18 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 929 of 1,517.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $54,091 (±$8,544) | $64,135 (±$14,623) | +18.6% | No measurable change after inflation |
| Median home value | $148,700 (±$15,216) | $202,100 (±$60,951) | +35.9% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Sheridan Township (Clare County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Sheridan Township (Clare County) | — | $64,135 (±$14,623) | — |
| Clare | 4.8 mi | $41,226 (±$11,305) | Lower |
| Beaverton Township | 5.1 mi | $67,768 (±$10,879) | Not measurably different |
| Wise Township | 5.1 mi | $68,125 (±$14,388) | Not measurably different |
| Grant Township (Clare County) | 6.1 mi | $61,010 (±$8,500) | Not measurably different |
| Arthur Township | 6.8 mi | $78,636 (±$11,180) | Not measurably different |
| Coleman | 7.7 mi | $47,868 (±$6,365) | Lower |
| Warren Township | 8.4 mi | $72,750 (±$14,340) | Not measurably different |
| Grout Township | 8.8 mi | $74,688 (±$17,562) | Not measurably different |
Nearby places with a measurably lower figure: Clare, MI ($41,226), Coleman, MI ($47,868).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Clare County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Arthur Township | $78,636 (±$11,180) |
| 2 | Garfield Township (Clare County) | $68,556 (±$3,076) |
| 3 | Hatton Township | $64,286 (±$20,848) |
| 4 | Sheridan Township (Clare County) | $64,135 (±$14,623) |
| 5 | Grant Township (Clare County) | $61,010 (±$8,500) |
| 6 | Winterfield Township | $57,813 (±$12,148) |
| 7 | Greenwood Township (Clare County) | $54,583 (±$9,556) |
| 8 | Freeman Township | $54,063 (±$7,060) |
| 9 | Franklin Township (Clare County) | $52,778 (±$6,982) |
| 10 | Surrey Township | $50,764 (±$9,988) |
Showing 10 of 18 places in Clare County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Sheridan Township (Clare County)
What is the median household income in Sheridan Township (Clare County)?
The median household income in Sheridan Township (Clare County) is $64,135 (±$14,623) a year (2020–2024 American Community Survey).
Have incomes in Sheridan Township (Clare County) kept up with inflation?
In Sheridan Township (Clare County), the median household income went from $54,091 in 2015–2019 to $64,135 in 2020–2024 (+18.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Sheridan Township (Clare County)?
The median renting household in Sheridan Township (Clare County), MI earns $29,609 (±$19,173) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Sheridan township, Clare County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Sheridan township, Clare County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Sheridan township, Clare County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Sheridan township, Clare County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Sheridan township, Clare County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Sheridan township, Clare County, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Sheridan township, Clare County, Michigan (county subdivision:73000, in state:26 county:035).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Michigan landlord and tenant rules
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