Sterling, MI is an excellent place to live. The 2 bedroom rent in this community is significantly lower than the average rent for 2 bedrooms in the US. At only $830 compared to $1,430 on a national level, residents are able to save money each month. Additionally, groceries are cheaper compared to other regions; the Grocery Cost Index in Sterling is 90 versus 100 in the US. \nSterling is home to many companies like MidMichigan Health which provides health care services and C&L Ward Builders Inc., which provides construction materials and services. There are also several small businesses located downtown that provide a variety of service options including retail stores, restaurants, and entertainment venues. Overall, Sterling has plenty of amenities allowing it to be a great place to call home while still being affordable.
Sterling has an unemployment rate of 9.3%. The US average is 6.0%.
Sterling has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Sterling
- The Sales Tax Rate for Sterling is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sterling 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
- The average income of a Sterling resident is $18,085 a year. The US average is $28,555 a year.
- The Median household income of a Sterling resident is $43,438 a year. The US average is $69,021 a year.