Hamburg, MI is a small city located in the state of Michigan. It offers a variety of amenities such as restaurants, shops, and entertainment venues for visitors and locals alike. Notable local businesses include the Hamburg Bakery, Hansons Market, Ellsworth Meats & Cheese, and The Meat Block.
At $1,250 for a two-bedroom rental unit on average according to current market prices, Hamburg has an affordable cost of living that is slightly lower than the US average of $1,430 for similar accommodation. Additionally, the Grocery Cost Index in Hamburg is 99 versus 100 in the US as of 2021. This gives families more flexibility with their budget when it comes to grocery shopping.
Hamburg has an unemployment rate of 3.3%. The US average is 6.0%.
Hamburg has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.
Tax Rates for Hamburg
- The Sales Tax Rate for Hamburg is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hamburg is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hamburg
- The average income of a Hamburg resident is $36,697 a year. The US average is $28,555 a year.
- The Median household income of a Hamburg resident is $98,550 a year. The US average is $69,021 a year.