Sherwood, MI
388Residents
$58,750Median household income
$838/moMedian gross rent
$97,500Median home value
34.4Median age
5%Adults with a bachelor’s degree or higher
83%Homes lived in by their owners
1.7×Home value to household income
Median rent takes about 17% of the median household income in Sherwood.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $34,000 a year. In Michigan that leaves roughly $2,338 a month after tax. See the full paycheck breakdown for $35,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.