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The total population of Sherman township is estimated to be 389 with 210 males (53.98%) and 179 females (46.02%). There are 31 less females than males in Sherman township.
Sherman township, Iosco County, Michigan Median Household Income: Trends, Analysis, and Key Findings
The median household income in Sherman township was $44,484 in 2021, which marked an a decrease of 2,447(5.21%) from $46,931 in 2020. This income is 59.63% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Sherman township sees its highest median household income among householders in the age group of 45 to 64 years old, at $45,939. Overall, the median household income for the township of Sherman township stands at $44,484.
In Sherman township, the median income for all workers aged 15 years and older, regardless of work hours, was $36,481 for males and $22,462 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $49,512 for males and $43,622 for females.
In Sherman township, population is primarily represented by White households, reporting a median income of $44,691.
In 2022, the population of Sherman township was 439, a 0.92% increase year-by-year from 2021. Previously, in 2021, Sherman township's population was 435, an increase of 1.16% compared to a population of 430 in 2020.
The median age in Sherman township, Iosco County, Michigan is 49.7, as per 2021 ACS 5-Year Estimates. Of the total population, 10.98% were under the age of 15, 12.20% aged 15 to 29, 47.80% aged 30 to 64, 23.17% aged 65 to 84, and 5.85% were 85 years of age and older.
Racial distribution of Sherman township population: 97.56% are White, 0.24% are Black or African American, 0.24% are American Indian and Alaska Native, 0.73% are some other race and 1.22% are multiracial.