The cost of living index in Hamtramck, MI, shows a mixed picture compared to the nationwide average of 100. Housing costs are notably lower, at 80, which means residents spend 20% less on housing. However, utilities are higher at 110, indicating a 10% increase in costs.
Groceries, transportation, and healthcare also show variations. Groceries stand at 95, suggesting a 5% increase, while transportation costs are at 90, indicating a 10% decrease. Healthcare costs are at 85, showing a 15% decrease. Miscellaneous costs remain the same as the national average at 100. This data provides a clear view of where residents might save or spend more in Hamtramck.
The cost of living in Hamtramck, Michigan, presents a unique profile compared to the nationwide average, which is set at 100. Housing costs in Hamtramck are notably lower, with an index of 80. This means residents spend 20% less on housing than the average American. For job seekers, the lower housing costs can be a significant advantage, potentially allowing for a higher quality of life or more disposable income.
Other expenses in Hamtramck also show variations. Groceries have an index of 95, indicating a 5% savings compared to the national average. Utilities, however, are slightly higher, with an index of 110, meaning residents pay 10% more for utilities. Transportation costs are at 90, which is 10% below the national average, offering another potential savings area. Healthcare costs are at 85, suggesting a 15% reduction in expenses for medical services. Miscellaneous costs align with the national average, providing a balanced view of the overall cost of living in Hamtramck.
