Oakland County · Michigan · Midwest · 28k residents
Madison Heights, MI: economy, jobs & business costs
The site-selection read on Madison Heights: labor costs, talent, corporate tax, energy, and business activity, with the Michigan median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,543/wk. Michigan's corporate income tax rate is 6%. Commercial electricity averages 14.0¢/kWh.
Compare Madison Heights side by side
Avg. weekly wage
$1,543/wk
Corporate income tax
6%
Bachelor's degree or higher
33.9%
Commercial electricity
14.0¢/kWh
Economic momentum
How fast Madison Heights's economy is moving, ranked against the US cities we track.
56/100
Steady
Ranks Madison Heights's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $199,100 |
| Price per sq. ft. | $155 |
| Property tax rate | 1.35% |
| 1-bedroom rent | $1,071/mo |
| 2-bedroom rent | $1,309/mo |
| State & local income tax | 5.25% |
| Sales tax | 6% |
| Corporate income tax | 6% |
| Avg. weekly wage | $1,543/wk |
| Bachelor's degree or higher | 33.9% |
| Commercial electricity | 14.0¢/kWh |
| Businesses per 1k residents | 34.4/1k |
| Wage: Software developer | $130,760 |
| Wage: Registered nurse | $97,280 |
| Wage: General manager | $104,010 |
| Wage: Customer service | $44,730 |
| Wage: Warehouse worker | $36,720 |
| Wage: Heavy truck driver | $59,120 |
| Wage: Electrician | $81,990 |
| Wage: Retail salesperson | $35,130 |
| Cost of living index | 85 |
| Groceries index | 95 |
| Utilities | $175/mo |
| Transit pass | $60/mo |
| Gas price | $3.30/gal |
| Healthcare index | 96 |
| Childcare (per child) | $950/mo |
| Median household income | $69,503 |
| Unemployment rate | 4.1% |
| Population | 28k |
| Crime index | 45/100 |
| School rating | 5.3/10 |
| Walkability | 30/100 |
| Disaster risk | 98/100 |
| Avg. commute | 24 min |
| Sunny days / year | 175 days |
| July high | 84°F |
| January low | 20°F |
| Annual snowfall | — |
| Home price YoY | -0.6% |
| Home price MoM | -0.4% |
| Rent YoY | +3.8% |
| Rent MoM | +0.5% |
| Employment (jobs) YoY | -0.5% |
| Building permits YoY | +200.0% |
| Ocean coast | 493 mi |
| Big lake | 16 mi |
| Mountains | 323 mi |
| Major airport | 24 mi |
| Ski resort | 201 mi |
Popular comparisons
Nearby
- Royal Oak, MI · 58k
- Ferndale, MI · 19k
- Berkley, MI · 15k
- Sterling Heights, MI · 134k
- Troy, MI · 88k
Similar size
- Port Huron, MI · 29k
- Forest Hills, MI · 29k
- Allen Park, MI · 28k
- Hamtramck, MI · 28k
- Oak Park, MI · 29k
Real listings in Madison Heights
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Madison Heights a good place to run a business?
- Michigan's corporate income tax rate is 6%; average weekly wages in the surrounding labor market run $1,543/wk; commercial electricity averages 14.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Madison Heights, MI?
- Madison Heights indexes at 85 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,309/mo and a acs median home value of $199,100.
- How much does a house cost in Madison Heights?
- The acs median home value in Madison Heights is $199,100 (Census ACS estimate; individual listings vary).
- How much is rent in Madison Heights?
- A two-bedroom in Madison Heights rents for about $1,309/mo.