Calculate using real Sterling Heights data. Median home price: $240,000. Property tax rate: 1.48%.
Sterling Heights, MI has a cost of living index of 92, where 100 represents the national average. This means living in Sterling Heights is 8% less expensive the national average.
The median household income in Sterling Heights, MI is $67,218. Combined with a cost of living index of 92, this provides a picture of purchasing power in the area.
The median home price in Sterling Heights, MI is $240,000 with a property tax rate of 1.48%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $1,660.