Zip 48313 (Sterling Heights, MI) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Sterling Heights, MI 48313 is a great place to live if you're looking for affordable rent and groceries. The 2 Bedroom Rent in this area is $1,200 per month which is significantly lower than the average US rent of $1,430 per month. Furthermore, the Grocery Cost Index in Sterling Heights here is 96 compared to 100 in the US, making it an even better deal for families who want to save money on groceries.
There are many local businesses that can help you with both rental and grocery costs such as Freedom Apartment Homes who offer high quality rental apartments at competitive prices or Lous Supermarket which has a great selection of fresh produce at low prices. There are plenty of other great resources available in Sterling Heights such as The Home Depot or Kroger for all your home improvement needs or Busch's Fresh Food Market for delicious meals.

Sterling Heights (zip 48313) has an unemployment rate of 4.1%. The US average is 6.0%.

Sterling Heights (zip 48313) 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 (zip 48313)
- The Sales Tax Rate for Sterling Heights (zip 48313) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sterling Heights (zip 48313) 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 (zip 48313)
- The average income of a Sterling Heights (zip 48313) resident is $29,009 a year. The US average is $28,555 a year.
- The Median household income of a Sterling Heights (zip 48313) resident is $79,602 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySterling Heights, MichiganUnited States
  4.16
  -10.6%-6.2%
  37.6%33.5%
  6.0%6.2%
  4.3%4.6%
  $36,655$37,638
  $79,602$69,021
  $97,747$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  4.4%6.8%
  22.7%10.0%
  2.6%2.5%
  10.4%11.0%
  3.8%4.8%
  0.1%0.8%
  2.1%1.9%
  5.0%4.7%
  0.6%1.9%
  6.0%7.6%
  0.0%0.1%
  3.2%4.2%
  5.3%9.3%
  13.8%14.0%
  1.8%2.1%
  9.5%7.0%
  4.4%4.8%
  4.1%4.7%
Health