Sterling Heights, MI Cost Of Living
Cost Of Living In Sterling Heights, MI Summary
Cost of living in Sterling Heights research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Sterling Heights is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Sterling Heights is 104, with 100 being the average.
The cost of living index in Sterling Heights is 1.0x higher than the national average.
Sterling Heights ranks as the #150 cheapest in Michigan out of 180.
Sterling Heights ranks as the #3,063 cheapest out of 6,489 in the US.
The median home value in Sterling Heights is $307,242.
The median income in Sterling Heights is $78,429.
Table Of Contents
Sterling Heights's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Sterling Heights, MI?
According to the most recent data on the cost of living, Sterling Heights has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Michigan, Sterling Heights has a cost of living index that's 1.2x higher than Michigan's index of 90.
The standard of living in Sterling Heights ranks as #150 most affordable out of the 180 places we measured in Michigan. By definition, that implies Sterling Heights ranks as the #30 most expensive place in the Wolverine State.
For more reading on life in Sterling Heights, check out:
In Michigan
In America
Sterling Heights Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Sterling Heights. Here is how it fairs on each of the criteria:
The Services index in Sterling Heights is 103.
The Groceries index in Sterling Heights is 103.
The Health index in Sterling Heights is 103.
The Housing index in Sterling Heights is 107.
The Transportation index in Sterling Heights is 98.
The Utilities index in Sterling Heights is 95.
| Living Expense | Sterling Heights | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 104 | 90 | 100 | |
| Services | 103 | 93 | 100 | |
| Groceries | 103 | 97 | 100 | |
| Health | 103 | 91 | 100 | |
| Housing | 107 | 72 | 100 | |
| Transportation | 98 | 96 | 100 | |
| Utilities | 95 | 99 | 100 | |
Sterling Heights, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Sterling Heights is $307,242.
The Median Rent in Sterling Heights is $1,267.
The Median Income in Sterling Heights is $78,429.
The Home Value To Income in Sterling Heights is 3.9x.
The Rent To Monthly Income in Sterling Heights is 0.19x.
| Statistic | Sterling Heights | Michigan | United States |
|---|---|---|---|
| Median Home Value | $307,242 | $258,642 | $303,400 |
| Median Rent | $1,267 | $1,084 | $1,348 |
| Median Income | $78,429 | $71,149 | $78,538 |
| Home Value To Income | 3.9x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Sterling Heights, MI Costs By Category
Detailed Sterling Heights Services Costs Vs. Michigan
| Item | Sterling Heights | Michigan |
|---|---|---|
| Shampoo | $1.13 | $1.28 |
| Movie | $12.99 | $12.13 |
| Bowling | $12.33 | $18 |
| Haircut | $16.8 | $24.26 |
| Beauty Salon | $24.78 | $45.56 |
Detailed Sterling Heights Groceries Costs Vs. Michigan
| Item | Sterling Heights | Michigan |
|---|---|---|
| Ground Beef | $5.75 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.78 | $4.67 |
| Potatoes | $4.8 | $4.93 |
| Pizza | $8.99 | $12.09 |
| Beer | $9.04 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Sterling Heights Health Costs Vs. Michigan
| Item | Sterling Heights | Michigan |
|---|---|---|
| Optometrist | $85.0 | $125.68 |
| Doctor | $103.33 | $135.78 |
| Dentist | $91.0 | $113.29 |
Detailed Sterling Heights Transportation Costs Vs. Michigan
| Item | Sterling Heights | Michigan |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $56.0 | $59.92 |
Detailed Sterling Heights Utilities Costs Vs. Michigan
| Item | Sterling Heights | Michigan |
|---|---|---|
| All Electricity | $219.2 | $193.99 |
| Phone | $184.44 | $192.25 |
Sterling Heights SnackAbility
/10
Cost Of Living In Cities Around Sterling Heights
The cost of living varies in the cities and towns around Sterling Heights. Here's a quick look at the cost of living in the most populous nearby places:
Warren, MI has a cost of living index of 95, 0.9x Sterling Heights.
Troy, MI has a cost of living index of 120, 1.2x Sterling Heights.
Rochester Hills, MI has a cost of living index of 118, 1.1x Sterling Heights.
| City | Population | Cost Of Living | Vs. Sterling Heights |
|---|---|---|---|
| Warren, MI | 138,128 | 95 | 0.9x |
| Troy, MI | 87,307 | 120 | 1.2x |
| Rochester Hills, MI | 76,086 | 118 | 1.1x |
| Royal Oak, MI | 57,880 | 107 | 1.0x |
| Roseville, MI | 47,240 | 93 | 0.9x |
| Madison Heights, MI | 28,411 | 97 | 0.9x |
| Birmingham, MI | 21,612 | 149 | 1.4x |
| Mount Clemens, MI | 15,567 | 89 | 0.9x |
| Berkley, MI | 15,084 | 108 | 1.0x |
| Fraser, MI | 14,604 | 97 | 0.9x |
