The median household income in Sherwood, MI in 2022 was $51,914, which was 29.0% less than the median annual income of $66,986 across the entire state of Michigan. Compared to the median income of $39,844 in 2000 this represents an increase of 23.3%. The per capita income in 2022 was $20,756, which means an increase of 22.4% compared to 2000 when it was $16,101.
Whole page based on the data from 2000 / 2022 when the population of Sherwood, Michigan was 324 / 447
Income statistics for all residents
Median household income in Sherwood, MI in 2022:
Sherwood:
$51,915
State:
$66,986
Change in median household income between 2000 and 2022:
Sherwood, Michigan:
+30.3%
State:
+50.0%
Number of households with income < $10k:
Sherwood:
11.3% (16)
Michigan:
5.7% (231,223)
Number of households with income $10k - 20k:
Sherwood:
10.6% (15)
State:
7.5% (306,955)
Number of households with income $20k - 30k:
Sherwood:
9.2% (13)
State:
7.9% (324,153)
Number of households with income $30k - 40k:
Sherwood:
6.3% (9)
Michigan:
8.3% (341,408)
Number of households with income $40k - 50k:
Sherwood:
7.7% (11)
State:
7.9% (322,255)
Number of households with income $50k - 60k:
Sherwood:
19.0% (27)
Michigan:
7.5% (305,914)
Number of households with income $60k - 75k:
Sherwood:
7.0% (10)
Michigan:
10.1% (414,440)
Number of households with income $75k - 100k:
Sherwood:
10.6% (15)
Michigan:
13.2% (538,299)
Number of households with income $100k - 125k:
Sherwood:
2.8% (4)
State:
9.7% (396,282)
Number of households with income $125k - 150k:
Sherwood:
12.7% (18)
State:
6.7% (273,144)
Number of households with income $150k - 200k:
Sherwood:
2.8% (4)
State:
7.5% (305,077)
Number of households with income > $200k:
Sherwood:
0.0% (0)
State:
8.1% (330,644)
Aggregate household income in Sherwood in 2022: $8,499,749
Median family income in Sherwood in 2022:
Sherwood:
$53,497
State:
$85,865
Number of families with income < $10k:
Sherwood:
9.1% (9)
Michigan:
3.5% (89,010)
Number of families with income $10k - 20k:
Sherwood:
5.0% (5)
Michigan:
3.9% (100,567)
Number of families with income $20k - 30k:
Sherwood:
11.5% (12)
State:
5.0% (127,320)
Number of families with income $30k - 40k:
Sherwood:
2.0% (2)
State:
6.4% (163,565)
Number of families with income $40k - 50k:
Sherwood:
6.7% (7)
Michigan:
6.8% (172,384)
Number of families with income $50k - 60k:
Sherwood:
24.1% (24)
Michigan:
7.1% (179,870)
Number of families with income $60k - 75k:
Sherwood:
6.2% (6)
State:
10.3% (263,723)
Number of families with income $75k - 100k:
Sherwood:
10.0% (10)
State:
15.0% (383,364)
Number of families with income $100k - 125k:
Sherwood:
3.9% (4)
State:
11.8% (301,751)
Number of families with income $125k - 150k:
Sherwood:
17.7% (18)
Michigan:
8.6% (220,338)
Number of families with income $150k - 200k:
Sherwood:
3.8% (4)
State:
10.2% (259,462)
Median non-family income in Sherwood in 2022:
Sherwood:
$33,816
State:
$40,459
Change in median non-family income between 2000 and 2022:
Sherwood, Michigan:
+24.9%
State:
+54.5%
Median per capita income in Sherwood in 2022:
Sherwood:
$20,757
State:
$38,151
Change in median per capita income between 2000 and 2022:
Sherwood, Michigan:
+28.9%
State:
+72.1%
Income statistics for White residents
Median household income in Sherwood, MI in 2022:
Sherwood:
$51,795
State:
$71,609
Change in median household income between 2000 and 2022:
Sherwood, Michigan:
+30.5%
State:
+52.9%
Number of households with income < $10k:
Sherwood:
9.6% (12)
State:
4.4% (140,440)
Number of households with income $10k - 20k:
Sherwood:
12.0% (15)
State:
6.5% (205,547)
Number of households with income $20k - 30k:
Sherwood:
9.6% (12)
State:
7.6% (242,254)
Number of households with income $30k - 40k:
Sherwood:
7.2% (9)
State:
8.1% (257,175)
Number of households with income $40k - 50k:
Sherwood:
8.0% (10)
State:
7.8% (246,839)
Number of households with income $50k - 60k:
Sherwood:
20.8% (26)
State:
7.4% (233,723)
Number of households with income $60k - 75k:
Sherwood:
6.4% (8)
State:
10.4% (328,664)
Number of households with income $75k - 100k:
Sherwood:
10.4% (13)
Michigan:
13.6% (431,867)
Number of households with income $100k - 125k:
Sherwood:
1.6% (2)
State:
10.3% (325,164)
Number of households with income $125k - 150k:
Sherwood:
14.4% (18)
State:
7.1% (226,232)
Number of households with income $150k - 200k:
Sherwood:
0.0% (0)
Michigan:
8.1% (255,445)
Number of households with income > $200k:
Sherwood:
0.0% (0)
Michigan:
8.7% (276,727)
Aggregate household income in Sherwood in 2022: $7,138,819
Median family income in Sherwood in 2022:
Sherwood:
$53,104
State:
$90,317
Number of families with income < $10k:
Sherwood:
6.5% (6)
State:
2.5% (49,508)
Number of families with income $10k - 20k:
Sherwood:
5.7% (5)
State:
3.2% (64,106)
Number of families with income $20k - 30k:
Sherwood:
12.6% (11)
State:
4.6% (91,551)
Number of families with income $30k - 40k:
Sherwood:
2.2% (2)
State:
5.9% (117,356)
Number of families with income $40k - 50k:
Sherwood:
7.7% (7)
Michigan:
6.4% (127,491)
Number of families with income $50k - 60k:
Sherwood:
26.9% (23)
State:
6.8% (135,883)
Number of families with income $60k - 75k:
Sherwood:
7.0% (6)
Michigan:
10.5% (209,130)
Number of families with income $75k - 100k:
Sherwood:
9.0% (8)
State:
15.5% (309,815)
Number of families with income $100k - 125k:
Sherwood:
2.2% (2)
Michigan:
12.4% (248,235)
Number of families with income $125k - 150k:
Sherwood:
20.1% (18)
State:
9.2% (182,895)
Median non-family income in Sherwood in 2022:
Sherwood:
$28,641
State:
$42,438
Change in median non-family income between 2000 and 2022:
Sherwood, Michigan:
+5.8%
State:
+56.8%
Median per capita income in Sherwood in 2022:
Sherwood:
$19,616
State:
$41,514
Change in median per capita income between 2000 and 2022:
Sherwood, Michigan:
+22.5%
State:
+75.2%
Income statistics for American Indian and Alaska Native residents
Median per capita income in Sherwood in 2022:
Sherwood:
$46,359
State:
$27,661
Income statistics for Multirace residents
Median household income in Sherwood, MI in 2022:
Sherwood:
$80,289
State:
$63,251
Change in median household income between 2000 and 2022:
Sherwood, Michigan:
+83.5%
State:
+82.6%
Aggregate household income in Sherwood in 2022: $576,469
Median per capita income in Sherwood in 2022:
Sherwood:
$26,526
State:
$26,098
Change in median per capita income between 2000 and 2022:
Sherwood, Michigan:
+21.6%
State:
+106.5%
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