Housing costs in Sterling Heights?
A typical home costs
$247,000, which is 26.9% less expensive than the national average of
$338,100 and 12.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Sterling Heights costs
$1,200 per month, which is 9.1% more than the national average of
$1,100 and close to the state average of
$1,220.
Can I afford Sterling Heights?
To live comfortably in Sterling Heights (zip 48313), Michigan, a minimum annual income of
$47,160 for a family, and
$38,000 for a single person is recommended.
What does A.I. say about Sterling Heights?
The cost of living in 48313 Sterling Heights, MI is slightly higher than the national average. According to BestPlaces, the cost of living index in 48313 is 99.6, meaning it is 0.6% higher than the US average. Groceries, restaurants, and transportation all tend to be slightly more expensive here than elsewhere in the country. Housing costs are especially notable as they tend to be significantly higher due to the relative affluence of the area. The median price for a home in this zip code is about $225,000 which is far above what one would expect to pay nationally. All in all, residents of 48313 Sterling Heights should expect to pay a bit more for goods and services than most other regions of the United States.