Salary & Cost of Living in Sterling Heights, MI
Sterling Heights, MI: $62,000 median salary, cost of living index 92, $12.48/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$62,000
$30/hr
Cost of Living
92
US avg = 100
Minimum Wage
$12.48
per hour
Unemployment
3.2%
rate
Sterling Heights, MI Overview
Population
132,631
Median Salary
$62,000
Average Salary
$68,000
Avg Commute
27 min
Median Home Price
$240,000
Median Rent
$1,150/mo
Job Growth
+1.5%
Sales Tax
6%
Sterling Heights is located in Michigan with a population of 132,631. The median household salary is $62,000 per year ($30/hour), which is $2,616 above the national median of $59,384. The average commute time is 27 minutes, and the city has a job growth rate of +1.5%.
Sterling Heights Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Sterling Heights, MI, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$49,221
$4,101.71/month · $1,893.10/biweekly · Effective Rate: 20.6%
Gross Pay
$62,000
Federal Tax
-$5,402
State Tax
-$2,635
Local Tax
$0
FICA
-$4,743
Net Pay
$49,221
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,166.67 | $62,000.00 |
| Federal Income Tax | -$450.13 | -$5,401.50 |
| Michigan State Tax (4.25%) | -$219.58 | -$2,635.00 |
| Social Security (6.2%) | -$320.33 | -$3,844.00 |
| Medicare (1.45%) | -$74.92 | -$899.00 |
| Net Take-Home Pay | $4,101.71 | $49,220.50 |
Salary Comparison: Sterling Heights vs Other Cities
See how Sterling Heights's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Sterling Heights, MI | $62,000 | 92 | $67,391 |
| National Average | $59,384 | 100 | $59,384 |
| Tempe, AZ | $62,000 | 105 | $59,048 |
| Wilmington, DE | $62,000 | 105 | $59,048 |
| Fort Lauderdale, FL | $62,000 | 118 | $52,542 |
| Miramar, FL | $62,000 | 112 | $55,357 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Sterling Heights
Sterling Heights's cost of living index is 92 (national average = 100). Living in Sterling Heights is 8% less expensive than the national average.
Median Home Price
$240,000
Median Monthly Rent
$1,150
Annual Rent Cost
$13,800
Your Salary's Purchasing Power
Your $49,221 annual take-home pay in Sterling Heights has the purchasing power of approximately $53,501 in an average-cost US area. Your $62,000 salary stretches further here than in most US cities.
Top Industries in Sterling Heights
Sterling Heights's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $62,000.
Salary Tips for Sterling Heights Workers
- Research top industries. Sterling Heights's top industries include Automotive, Manufacturing, Healthcare. Targeting roles in these sectors can help you earn above the $62,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
Related Salary Tools
Frequently Asked Questions
What is the median salary in Sterling Heights, MI?
The median salary in Sterling Heights, MI is $62,000 per year, or $30 per hour. The average salary is $68,000. This is $2,616 above the national median of $59,384.
What is the cost of living in Sterling Heights, MI?
Sterling Heights's cost of living index is 92 (national average = 100), meaning it is 8% less expensive compared to the national average. The median home price is $240,000 and the median monthly rent is $1,150.
What are the best industries in Sterling Heights?
The top industries in Sterling Heights, MI include Automotive, Manufacturing, Healthcare. The city has a job growth rate of 1.5% and an unemployment rate of 3.2%. Workers in these industries often earn above the city's median salary of $62,000.
How does Sterling Heights's salary compare to other cities?
Sterling Heights's median salary of $62,000 is 4.4% above the national median of $59,384. However, when adjusted for cost of living (index: 92), the real purchasing power is approximately $67,391.
What is the minimum wage in Sterling Heights, MI?
The minimum wage in Sterling Heights, MI is $12.48 per hour. This equals approximately $25,958 per year for a full-time worker (40 hours/week). This is $5.23 above the federal minimum wage of $7.25/hour.