Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 54.7 yrs |
|---|---|
| Avg HH Size | 2.17 |
| Below Poverty | 6.4% ▼ 36% below avg |
| College Grads | 33.6% ▼ 13% below avg |
| Unemployment | 1.0% ▼ 80% below avg |
| No HS Diploma | 2 (0.4%) |
| HS Graduate | 220 (42%) |
| Some College | 62 (11.8%) |
| Associates | 64 (12.2%) |
| Bachelors | 66 (12.6%) |
| Graduate Degree | 110 (21%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $74,583 ≈ Avg |
|---|---|
| Median Home Value | $174,100 ▼ 38% below avg |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $683/mo |
| Total Housing Units | 445 |
| Vacant Units | 116 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Chatham is a city in Michigan, located in Alger County. The city spans 1 ZIP code and is home to approximately 720 residents. It is a mature city, with a median age of 54.7 years.
Economically, Chatham is a solidly middle-class community. The median household income of $74,583 is near the national average. Approximately 6.4% of residents live below the poverty line. The unemployment rate is 1.0%, well below the national average.
The real estate market in Chatham is an affordable housing market. Median home values stand at $174,100, which is below the national average. Renters typically pay around $683 per month. Homeownership is high at 94.5%, typical of suburban and family-oriented communities.
The population of Chatham is moderately educated. 33.6% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (91.81%).
Chatham, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49816 | 720 | $74,583 | $174,100 | $683 | 1.0% | 33.6% | 94.5% |