Hamtramck, MI Cost Of Living
Cost Of Living In Hamtramck, MI Summary
Cost of living in Hamtramck research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hamtramck is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Hamtramck is 86, with 100 being the average.
The cost of living index in Hamtramck is 0.9x lower than the national average.
Hamtramck ranks as the #53 cheapest in Michigan out of 175.
Hamtramck ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Hamtramck is $81,100.
The median income in Hamtramck is $33,570.
Table Of Contents
Hamtramck's Overall Cost Of Living
Lower Than The National Average
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 86, which is 0.9x lower than the national index of 100.
Compared to Michigan, Hamtramck has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Hamtramck ranks as #53 most affordable out of the 175 places we measured in Michigan. By definition, that implies Hamtramck ranks as the #122 most expensive place in the Wolverine State.
For more reading on life in Hamtramck, check out:
- Living In Hamtramck
- Hamtramck Crime Report
- Search Homes For Sale In Hamtramck, MI
In Michigan
In America
Hamtramck Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Hamtramck. Here is how it fairs on each of the criteria:
The Services index in Hamtramck is 110.
The Groceries index in Hamtramck is 98.
The Health index in Hamtramck is 94.
The Housing index in Hamtramck is 39.
The Transportation index in Hamtramck is 109.
The Utilities index in Hamtramck is 98.
| Living Expense | Hamtramck | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 86 | 92 | 100 | |
| Services | 110 | 96 | 100 | |
| Groceries | 98 | 96 | 100 | |
| Health | 94 | 94 | 100 | |
| Housing | 39 | 80 | 100 | |
| Transportation | 109 | 97 | 100 | |
| Utilities | 98 | 100 | 100 | |
Hamtramck, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Hamtramck is $81,100.
The Median Rent in Hamtramck is $794.
The Median Income in Hamtramck is $33,570.
The Home Value To Income in Hamtramck is 2.4x.
The Rent To Monthly Income in Hamtramck is 0.28x.
| Statistic | Hamtramck | Michigan | United States |
|---|---|---|---|
| Median Home Value | $81,100 | $172,100 | $244,900 |
| Median Rent | $794 | $946 | $1,163 |
| Median Income | $33,570 | $63,202 | $69,021 |
| Home Value To Income | 2.4x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.28x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Hamtramck, MI Costs By Category
Detailed Hamtramck Services Costs Vs. Michigan
Detailed Hamtramck Groceries Costs Vs. Michigan
Detailed Hamtramck Health Costs Vs. Michigan
Detailed Hamtramck Transportation Costs Vs. Michigan
Detailed Hamtramck Utilities Costs Vs. Michigan
Hamtramck SnackAbility
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Cost Of Living In Cities Around Hamtramck
The cost of living varies in the cities and towns around Hamtramck. Here's a quick look at the cost of living in the most populous nearby places:
Detroit, MI has a cost of living index of 86, 1.0x Hamtramck.
Warren, MI has a cost of living index of 90, 1.0x Hamtramck.
Livonia, MI has a cost of living index of 102, 1.2x Hamtramck.
| City | Population | Cost Of Living | Vs. Hamtramck |
|---|---|---|---|
| Detroit, MI | 645,658 | 86 | 1.0x |
| Warren, MI | 138,996 | 90 | 1.0x |
| Livonia, MI | 95,294 | 102 | 1.2x |
| Troy, MI | 86,912 | 113 | 1.3x |
| Rochester Hills, MI | 75,990 | 111 | 1.3x |
| Royal Oak, MI | 58,368 | 101 | 1.2x |
| Eastpointe, MI | 34,148 | 90 | 1.0x |
| Birmingham, MI | 21,728 | 134 | 1.6x |
| Ferndale, MI | 19,414 | 94 | 1.1x |
| Harper Woods, MI | 15,287 | 91 | 1.1x |
