Housing costs in Hamtramck?
A typical home costs
$108,800, which is 67.8% less expensive than the national average of
$338,100 and 50.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Hamtramck costs
$1,010 per month, which is 8.2% cheaper than the national average of
$1,100 and 20.8% cheaper than the state average of
$1,220.
Can I afford Hamtramck?
To live comfortably in Hamtramck (zip 48212), Michigan, a minimum annual income of
$20,880 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Hamtramck?
The cost of living in 48212 Hamtramck, MI is relatively low compared to other parts of the country. According to BestPlaces, the total cost of living index in 48212 Hamtramck, MI is 77.59. This is almost 20 points lower than the US average of 97.14, making it one of the most affordable places to live in America. Housing and transportation expenses are especially low when compared with other cities, making this an ideal location for those looking to save money on their monthly costs. Additionally, food and grocery prices are generally much lower here as well, allowing people to allocate more money towards entertainment and leisure activities while still staying within budget.