Hamtramck, MI is a small city located in the greater Detroit area. It is an ethnically diverse city with residents from many countries, including Poland, Yemen, Bangladesh, and Bosnia. The cost of living in Hamtramck is significantly lower than in many other cities in the US. For example, rent for a two bedroom apartment costs just $1,010 per month compared to $1,430 nationwide. Grocery costs are also cheaper with an index of 89 versus 100 across the US. In addition to low living costs, Hamtramck also has plenty of business and amenities to enjoy. Popular local businesses include Polish Village Cafe, Mabel Gray Kitchen & Lounge, and Supino Pizzeria. Other sought-after amenities include Kaleidoscope Hookah Lounge & Bar, Monumental Baptist Church and Action Lanes bowling alley.
Hamtramck has an unemployment rate of 5.6%. The US average is 6.0%.
Hamtramck has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%.
Tax Rates for Hamtramck
- The Sales Tax Rate for Hamtramck is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hamtramck is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hamtramck
- The average income of a Hamtramck resident is $10,472 a year. The US average is $28,555 a year.
- The Median household income of a Hamtramck resident is $33,570 a year. The US average is $69,021 a year.