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This question is about Sterling Heights, MI.
What is a good salary in Sterling Heights, MI?
A good salary in Sterling Heights, MI is anything over $45,000. That's because the median income in Sterling Heights is $45,000, which means if you earn more than that you're earning more than 50% of the people living in Sterling Heights. The average salary in Sterling Heights is $51,160.
A good hourly wage in Sterling Heights is $21.63 per hour. That works out to a good weekly wage of $865 per week and a good monthly wage of $3,750 per month. However, using the median income is only one way to calculate a good salary in Sterling Heights.
Another way to calculate a good salary in Sterling Heights is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $187,600, a good salary in Sterling Heights would be $37,520.
Lastly, we can determine a good salary in Sterling Heights by looking at the cost of living and comparing it to the US average salary. The cost of living in Sterling Heights is 1% lower than than the national average. The national average salary is $56,310, so a good salary in Sterling Heights is anything over $55,746 by this measure.
Average Annual Salary in Sterling Heights, MI
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $24,000 | $2,000 | $461 | $11.54 |
| 25th | $32,000 | $2,666 | $615 | $15.38 |
| Median | $45,000 | $3,750 | $865 | $21.63 |
| 75th | $63,000 | $5,250 | $1,211 | $30.29 |
| 90th | $84,000 | $7,000 | $1,615 | $40.38 |
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