Hamtramck is a city in Michigan state in USA with a population of 21704 residents.. The poverty rate of Hamtramck is 47%, which is 236% higher than national average. The typical household in Hamtramck earns $29230 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 2 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 7 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 70.6% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Hamtramck are struggling financially. Nearly one in every 1 in every 9 workers in Hamtramck is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Hamtramck, only 71% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Hamtramck remained 10.6%, which is 126% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Hamtramck, only 14% of adults have a bachelor's degree and 22% have some college but no degree.

Cost of living in Hamtramck is 86, which is 14% lower than national average. Median home value in Hamtramck is $72600 , which is 68% lower than national average. While median income in Hamtramck remained $29230, which is 57% lower than national average.