Hamtramck, MI Cost Of Living

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Updated: 2020-03-08
Hamtramck's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Hamtramck is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Hamtramck, MI?

According to the most recent data on the cost of living, Hamtramck has an overall cost of living index of 82 which is 0.8x lower than the national index of 100.

Compared to only Michigan, Hamtramck has a cost of living index that's 0.9x lower than Michigan's index of 89.

The standard of living in Hamtramck ranks as #408 most affordable out of the 6522 places we measured in Michigan. By definition, that implies Hamtramck ranks as the #5998 most expensive place in the Wolverine State.

Hamtramck Cost Of Living Vs. Michigan

Living Expense Hamtramck Michigan National Average
Overall 82 89 100
Services 104 95 100
Groceries 93 88 100
Health 93 94 100
Housing 38 74 100
Transportation 114 106 100
Utilities 94 99 100
For more reading on cost of living around Michigan, check out:
Hamtramck Cost of Living Vs. MI

Hamtramck, MI Housing Cost Breakdown

Housing swings affordability the most between places in Michigan, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Hamtramck Michigan United States
Median Home Value $64,500 $146,200 $204,900
Median Rent $701 $850 $1,023
Median Income $25,478 $54,938 $60,293
Home Value To Income 2.5x 2.7x 3.4x
Rent To Monthly Income 0.33x 0.19x 0.2x

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Cost Of Living In Cities Around Hamtramck

City Population Cost Of Living Vs. Hamtramck
Detroit, MI 677,155 83 1.0x
Warren, MI 135,192 90 1.1x
Livonia, MI 94,567 99 1.2x
Troy, MI 83,881 109 1.3x
Rochester Hills, MI 74,011 110 1.3x
Royal Oak, MI 59,107 100 1.2x
Eastpointe, MI 32,576 87 1.1x
Birmingham, MI 21,066 133 1.6x
Ferndale, MI 20,211 92 1.1x
Hazel Park, MI 16,592 85 1.0x

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