Housing costs in Hamtramck?
A typical home costs
$133,700, which is 60.5% less expensive than the national average of
$338,100 and 38.9% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Hamtramck costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 8.9% cheaper than the state average of
$1,100.
Can I afford Hamtramck?
To live comfortably in Hamtramck, Michigan, a minimum annual income of
$25,560 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Hamtramck?
The cost of living in Hamtramck, MI is generally quite affordable compared to other parts of the country. Rent and housing costs tend to be lower than average, making it a great place for those on a tight budget. Groceries, utilities, and healthcare are also reasonably priced. Furthermore, there are many stores in the area offering discounts and bargains that help keep prices low. All in all, Hamtramck is an ideal location for individuals who want to save money while living within close proximity to Detroit's fantastic city attractions.