The cost of living index in Hamtramck, MI, stands at 94, which is 4% below the nationwide average of 100. This lower cost of living makes Hamtramck an attractive option for job seekers looking to maximize their budget. The housing index at 89 is the most significant contributor to this lower overall cost, while utilities slightly exceed the national average at 102.
The cost of living in Hamtramck, Michigan, presents a mix of affordability and slight increases in certain areas when compared to the nationwide average. Housing costs in Hamtramck stand at 89, which is 11% below the national average. This makes housing one of the more affordable aspects of living in Hamtramck. For groceries, the index is 95, indicating a 5% increase from the average, suggesting that food expenses are relatively close to the national norm.
Utilities in Hamtramck are slightly higher, with an index of 102, representing a 2% increase over the national average. This means that residents might spend a bit more on utilities compared to the average American. Transportation costs are at 97, which is a 3% increase, making commuting and personal travel expenses slightly above the national average. Healthcare costs in Hamtramck are at 90, which is 10% below the average, offering some relief in medical expenses. Miscellaneous costs are at 93, which is 7% below the average, indicating that other expenses are also relatively affordable. Overall, the cost of living in Hamtramck provides a balanced mix of affordability and minor increases in specific areas.
