Hamtramck cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexHamtramckMichiganNational
Cost of living index8088100
IndexHamtramckMichiganNational
Goods & Services index9793100
Groceries index9191100
Health care index9494100
Housing index3874100
Transportation index108103100
Utilities index10291100
Displayed above is a general overview of the Hamtramck, MI cost of living index. The overall cost of living index in Hamtramck, MI is 80, which is 9% lower than the Michigan average and 20% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Hamtramck, MI are 5% higher than the Michigan average and 3% lower than the national average.
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Did you know?

  • The cost of living in Hamtramck is 9% lower than the Michigan average.
  • The cost of living in Hamtramck is 20% lower than the national average.
  • The cost of housing in Hamtramck is 62% lower than the national average.
  • Michigan general sales tax is 18% higher than the national average.
  • Michigan state income tax is 91% higher than the national average.

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Compare Hamtramck, MI Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Hamtramck, MI to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Hamtramck, MI, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Hamtramck, MI salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$32,487$2,707$758$975
Renters$17,056$1,421$398$512
The affordability of the housing market in Hamtramck, MI as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Hamtramck, MI homeowners, the median income is $32,487. This indicates that a monthly maximum of $758 should be spent by homeowners on all housing related costs. Renters have a median income of $17,056. This indicates that renters should have a maximum of $398 used for their rent related monthly costs.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%
When considering the overall cost of living expenses in Hamtramck, MI, it's important to take into account the sales tax for Michigan, as well as the rate for income tax in Michigan. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Michigan is 6%, and the sales tax in the state of Michigan is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Michigan starts from 4.25% and goes up to 4.25%.

Goods & Services

ItemHamtramckNational avg.Difference
Haircut $16.23$16.090.9%
Beauty Salon $47.07$37.3326.1%
Toothpaste $2.18$2.4511.1%
Shampoo $0.80$1.0020.0%
Movie $10.62$10.283.3%
Bowling $3.44$4.9330.3%

Groceries

ItemHamtramckNational avg.Difference
Ground Beef $3.71$3.802.4%
Fried Chicken $1.15$1.4017.7%
Milk $1.73$2.0114.0%
Potatoes $2.37$3.0121.4%
Pizza $10.56$9.896.9%
Beer $8.03$8.909.8%

Health Care

ItemHamtramckNational avg.Difference
Optometrist $74.88$102.1626.7%
Doctor $97.01$108.3610.5%
Dentist $91.17$92.531.5%
Ibuprofen $8.27$9.2810.8%
Lipitor $430.75$425.821.2%

Housing

ItemHamtramckNational avg.Difference
Home Price $47,300.00$184,700.0074.4%
Avg. Mortgage Payment $1,087.18$1,202.449.6%
Apartment Rent $649.00$949.0031.6%

Transportation

ItemHamtramckNational avg.Difference
Gasoline $2.40$2.247.1%
Tire Balancing $50.88$46.299.9%

Utilities

ItemHamtramckNational avg.Difference
All Electricity$150.83$165.969.1%
Phone $33.31$28.6816.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Highland Park, MI10,97878-22%
River Rouge, MI7,60980-20%
Ecorse, MI9,27080-20%
Detroit, MI683,44380-20%
Inkster, MI24,73881-19%
Hamtramck, MI21,98580-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Dickinson, ND21,9851055%
Farmington, UT21,98311414%
Hunters Creek, FL21,98811010%
Villa Park, IL21,97711414%
Kihei, HI21,96416868%
Hamtramck, MI21,98580-20%
Source: The Hamtramck, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.