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 only Michigan, Hamtramck has a cost of living index that's 0.9x lower than Michigan's index of 91.
The standard of living in Hamtramck ranks as #938 most affordable out of the 6,418 places we measured in Michigan. By definition, that implies Hamtramck ranks as the #5,481 most expensive place in the Wolverine State.
|Living Expense||Hamtramck||Michigan||National Average|
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||$72,600||$162,600||$229,800|
|Home Value To Income||2.5x||2.7x||3.5x|
|Rent To Monthly Income||0.31x||0.18x||0.2x|
|City||Population||Cost Of Living||Vs. Hamtramck|
|Rochester Hills, MI||74,340||111||1.3x|
|Royal Oak, MI||59,256||101||1.2x|
|Hazel Park, MI||16,452||90||1.0x|