Sterling Heights, MI is a flourishing city with plenty of opportunity for those seeking both residential and commercial locations. The average 2 Bedroom rent in Sterling Heights is notably less than the national average at $1,270 compared to $1,430 in the US. Additionally, the Grocery Cost Index in Sterling Heights is 97 versus 100 in the US. This lower cost of living makes Sterling Heights an appealing place to live and work. The thriving economy features local businesses such as Meijer Inc., Kelly Services, Penske Automotive Group and Chrysler LLC technology center. All these factors come together to create a great environment for those looking for a good quality of life at an affordable price.
Sterling Heights has an unemployment rate of 4.1%. The US average is 6.0%.
Sterling Heights has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 37.6%, which is higher than the US average of 33.5%.
Tax Rates for Sterling Heights
- The Sales Tax Rate for Sterling Heights is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sterling Heights is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Sterling Heights
- The average income of a Sterling Heights resident is $27,375 a year. The US average is $28,555 a year.
- The Median household income of a Sterling Heights resident is $70,211 a year. The US average is $69,021 a year.