\nSterling Heights, Michigan is a city located in Macomb County with a population of 48,312. The estimated rent for a two-bedroom apartment in Sterling Heights is $1,140, significantly lower than the national average of $1,430. Moreover, the Grocery Cost Index in Sterling Heights is 96 versus 100 in the US. This makes it an attractive and affordable place to live for those looking for an urban lifestyle. Popular local companies include the Fiat Chrysler Automobiles US LLC assembly plant, Skips Tavern and Grille, and Great Lakes Paving Inc. All these businesses contribute to the growth and vitality of Sterling Heights’ economy.
Sterling Heights (zip 48312) has an unemployment rate of 4.1%. The US average is 6.0%.
Sterling Heights (zip 48312) has seen the job market decrease by -10.6% 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 48312)
- The Sales Tax Rate for Sterling Heights (zip 48312) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sterling Heights (zip 48312) 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 48312)
- The average income of a Sterling Heights (zip 48312) resident is $33,551 a year. The US average is $37,638 a year.
- The Median household income of a Sterling Heights (zip 48312) resident is $67,126 a year. The US average is $69,021 a year.