Hamilton, AL Cost Of Living
Cost Of Living In Hamilton, AL Summary
Cost of living in Hamilton research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hamilton is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Alabama, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Hamilton is 79, with 100 being the average.
The cost of living index in Hamilton is 0.8x lower than the national average.
Hamilton ranks as the #1 cheapest in Alabama out of 115.
Hamilton ranks as the #155 cheapest out of 6,412 in the US.
The median home value in Hamilton is $91,700.
The median income in Hamilton is $42,722.
Table Of Contents
Hamilton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hamilton, AL?
According to the most recent data on the cost of living, Hamilton has an overall cost of living index of 79, which is 0.8x lower than the national index of 100.
Compared to Alabama, Hamilton has a cost of living index that's 0.9x lower than Alabama's index of 88.
The standard of living in Hamilton ranks as #1 most affordable out of the 115 places we measured in Alabama. By definition, that implies Hamilton ranks as the #114 most expensive place in the Heart of Dixie.
For more reading on life in Hamilton, check out:
- Living In Hamilton
- Hamilton Crime Report
- Search Homes For Sale In Hamilton, AL
In Alabama
In America
Hamilton Cost Of Living Vs. Alabama
Six factors go into calculating the cost of living index in Hamilton. Here is how it fairs on each of the criteria:
The Services index in Hamilton is 90.
The Groceries index in Hamilton is 85.
The Health index in Hamilton is 82.
The Housing index in Hamilton is 56.
The Transportation index in Hamilton is 88.
The Utilities index in Hamilton is 87.
| Living Expense | Hamilton | Alabama | National Average | |
|---|---|---|---|---|
| Overall | 79 | 88 | 100 | |
| Services | 90 | 95 | 100 | |
| Groceries | 85 | 97 | 100 | |
| Health | 82 | 88 | 100 | |
| Housing | 56 | 69 | 100 | |
| Transportation | 88 | 90 | 100 | |
| Utilities | 87 | 101 | 100 | |
Hamilton, AL Housing Cost Breakdown
Housing swings affordability the most between places in Alabama, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Hamilton is $91,700.
The Median Rent in Hamilton is $529.
The Median Income in Hamilton is $42,722.
The Home Value To Income in Hamilton is 2.1x.
The Rent To Monthly Income in Hamilton is 0.15x.
| Statistic | Hamilton | Alabama | United States |
|---|---|---|---|
| Median Home Value | $91,700 | $157,100 | $244,900 |
| Median Rent | $529 | $852 | $1,163 |
| Median Income | $42,722 | $54,943 | $69,021 |
| Home Value To Income | 2.1x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Hamilton, AL Costs By Category
Detailed Hamilton Services Costs Vs. Alabama
Detailed Hamilton Groceries Costs Vs. Alabama
Detailed Hamilton Health Costs Vs. Alabama
Detailed Hamilton Transportation Costs Vs. Alabama
Detailed Hamilton Utilities Costs Vs. Alabama
Hamilton SnackAbility
/10
Cost Of Living In Cities Around Hamilton
The cost of living varies in the cities and towns around Hamilton. Here's a quick look at the cost of living in the most populous nearby places:
Tupelo, MS has a cost of living index of 82, 1.0x Hamilton.
Muscle Shoals, AL has a cost of living index of 89, 1.1x Hamilton.
Jasper, AL has a cost of living index of 89, 1.1x Hamilton.
| City | Population | Cost Of Living | Vs. Hamilton |
|---|---|---|---|
| Tupelo, MS | 37,872 | 82 | 1.0x |
| Muscle Shoals, AL | 15,969 | 89 | 1.1x |
| Jasper, AL | 14,370 | 89 | 1.1x |
| Booneville, MS | 8,702 | 79 | 1.0x |
| Amory, MS | 6,665 | 79 | 1.0x |
