The cost of living in Hamtramck, MI, is notably lower than the nationwide average, which is set at 100. Hamtramck's overall cost of living index stands at 85, indicating a 15% reduction compared to the national average. This lower cost is particularly evident in housing, where the index is 75, reflecting a 25% decrease. Despite some categories like utilities and healthcare being close to the national average, the overall lower cost makes Hamtramck an attractive option for budget-conscious individuals.
The cost of living in Hamtramck, Michigan, presents a mix of affordability and moderate expenses compared to the nationwide average. Housing costs in Hamtramck stand at 75, which is 25% lower than the national average. This makes housing one of the most affordable aspects of living in the city. For job seekers, this could mean more disposable income for other essentials or savings.
Other costs also show a favorable comparison. Groceries cost 90, which is 10% lower than the national average. Utilities are slightly higher at 95, just 5% above the average. Transportation costs are at 85, which is 15% lower than the national average, making commuting more budget-friendly. Healthcare costs are at 90, matching the national average, ensuring no extra burden in this area. Miscellaneous expenses are at 80, which is 20% lower than the average, offering additional savings in everyday spending. Overall, Hamtramck provides a balanced cost of living that can be attractive to those looking to relocate.
