Hamtramck, MI

Very Low · 52

Michigan · Population 27,830 · Updated March 2026

$907
Median Rent / Month
$40,103
Median Income
$116,400
Median Home Value
$780
Owner Costs / Month

Affordability

How far your income goes in Hamtramck

27.1%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Michigan

State-level tax rates that affect your costs

4.25%
Income Tax (Top Rate)
6.0%
Sales Tax
1.38%
Property Tax Rate

Estimated Annual Costs

$10,884
Annual Rent
$1,704
State Income Tax
$1,606
Property Tax (est.)

Cost of Living Overview

Hamtramck is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 52 (where 100 equals the national median), Hamtramck residents can expect to pay median rent of $907/month while earning a median household income of $40,103/year.

The median home value in Hamtramck, MI is $116,400, with typical monthly owner costs around $780 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.1%, Hamtramck falls within the generally affordable range, though it's approaching the 30% burden threshold.

Michigan has a moderate income tax rate of 4.25%. Combined with a 6.0% sales tax rate and 1.38% effective property tax rate, the overall tax environment is a factor in the total cost of living in Hamtramck.

Frequently Asked Questions

Common questions about living costs in Hamtramck

What is the cost of living in Hamtramck, MI?
The cost of living index in Hamtramck, MI is 52 (US average = 100). Median monthly rent is $907, median household income is $40,103/year, and the median home value is $116,400.
Is Hamtramck, MI affordable?
Yes, Hamtramck is more affordable than the national average with a cost index of 52. The rent-to-income ratio is 27.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Hamtramck, MI?
The median gross rent in Hamtramck, MI is $907 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,884.
What is the median household income in Hamtramck?
The median household income in Hamtramck, MI is $40,103 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Michigan?
Michigan has a top income tax rate of 4.25%, a sales tax of 6.0%, and an effective property tax rate of 1.38%.