Housing costs in Sterling Heights?
A typical home costs
$334,000, which is 1.2% less expensive than the national average of
$338,100 and 52.7% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Sterling Heights costs
$1,300 per month, which is 18.2% more than the national average of
$1,100 and 6.2% more than the state average of
$1,220.
Can I afford Sterling Heights?
To live comfortably in Sterling Heights (zip 48314), Michigan, a minimum annual income of
$64,080 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Sterling Heights?
The cost of living in 48314 Sterling Heights, MI is relatively low compared to other parts of the country. The median home value in the area is $153,100, which is slightly lower than the national average of $221,000. Rent prices are also below-average in the area, with an average rent for a two-bedroom apartment coming in at $1,340 per month. Utility costs are also low, with electric and water bills coming in at around $120 per month. Overall, those looking to save money while staying close to Detroit will find that living in 48314 Sterling Heights is an excellent choice.