Cost of Living in Sterling heights, MI

Housing

The housing market plays a significant role in determining the cost of living in Sterling heights, MI.

  • Housing Index: 92.0 / 100
  • Median Home Price is: $234000
  • Average Rent (2 BR Apartment): $1200 per month
  • Average Rent (2 BR House): $1300 per month

In evaluating the housing market in Sterling heights, MI, the current housing index stands at 92.0, indicating a relatively affordable market compared to national averages. With a median home price of 234000, potential buyers can access homeownership at reasonable cost. Renters, however, may find the average rent of 1200 for a two-bedroom apartment and 1300 for a two-bedroom house slightly elevated, giving priority to those considering long-term stability through purchasing. It's important to also consider economic factors and lifestyle amenities in Sterling heights while making your decision.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sterling heights, MI.

  • Electricity Price: $19.88 USD (median by state)
  • Natural Gas Price: $15.42 USD per Thousand Cubic Feet (median by state)
  • Other Utilities (water, garbage, etc.): $250 per month

Living in Sterling heights, MI could entail higher utility costs. Electricity costs sit at $19.88, while natural gas is priced at $15.42 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Sterling heights is a financially viable option for your relocation.