Macomb County · Michigan · Midwest · 134k residents
Sterling Heights, MI: economy, jobs & business costs
The site-selection read on Sterling 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 $1,386/wk. Michigan's corporate income tax rate is 6%. Commercial electricity averages 14.0¢/kWh.
Compare Sterling Heights side by side
Avg. weekly wage
$1,386/wk
Corporate income tax
6%
Bachelor's degree or higher
31.1%
Commercial electricity
14.0¢/kWh
Economic momentum
How fast Sterling Heights's economy is moving, ranked against the US cities we track.
8/100
Cooling
Ranks Sterling Heights's 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 | $274,300 |
| Price per sq. ft. | $155 |
| Property tax rate | 1.35% |
| 1-bedroom rent | $1,091/mo |
| 2-bedroom rent | $1,376/mo |
| State & local income tax | 5.25% |
| Sales tax | 6% |
| Corporate income tax | 6% |
| Avg. weekly wage | $1,386/wk |
| Bachelor's degree or higher | 31.1% |
| Commercial electricity | 14.0¢/kWh |
| Businesses per 1k residents | 23.0/1k |
| 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 | 90 |
| 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 | $79,909 |
| Unemployment rate | 4.1% |
| Population | 134k |
| Crime index | 45/100 |
| School rating | 5.3/10 |
| Walkability | 38/100 |
| Disaster risk | 97/100 |
| Avg. commute | 24 min |
| Sunny days / year | 175 days |
| July high | 82°F |
| January low | 17°F |
| Annual snowfall | 36 in |
| Home price YoY | +2.9% |
| Home price MoM | -0.1% |
| Rent YoY | +2.9% |
| Rent MoM | +0.3% |
| Employment (jobs) YoY | -1.4% |
| Building permits YoY | — |
| Ocean coast | 492 mi |
| Big lake | 18 mi |
| Mountains | 325 mi |
| Major airport | 28 mi |
| Ski resort | 199 mi |
Popular comparisons
Nearby
- Troy, MI · 88k
- Madison Heights, MI · 28k
- Warren, MI · 138k
- Royal Oak, MI · 58k
- Berkley, MI · 15k
Similar size
- Ann Arbor, MI · 122k
- Lansing, MI · 113k
- Dearborn, MI · 107k
- Livonia, MI · 94k
- Westland, MI · 84k
Real listings in Sterling Heights
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Sterling 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 $1,386/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 Sterling Heights, MI?
- Sterling Heights indexes at 90 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,376/mo and a acs median home value of $274,300.
- How much does a house cost in Sterling Heights?
- The acs median home value in Sterling Heights is $274,300 (Census ACS estimate; individual listings vary).
- How much is rent in Sterling Heights?
- A two-bedroom in Sterling Heights rents for about $1,376/mo.