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Despite the proliferation of social media and the widespread adoption of these diverse communication tools, there is a lack of studies that conceptualize the characteristics of social media as perceived by users and compare the perceived characteristics or benefits of different social media types. This study examines the user perceptions of six main groups of social media—blogs, micro-blogs, social networks, wikis, forums, and content communities—on five dimensions: participation, commonality, connectedness, conversationality, and openness. User profiles are also investigated to assess the role of demographics and usage in such perceptions. The results of a national consumer panel survey show that different social media applications are perceived differently and social media usage patterns, gender, and age affect these perceptions.