Cost of living in Hamlin 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 Hamlin is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, 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 Hamlin is 93, with 100 being the average.
The cost of living index in Hamlin is 0.9x lower than the national average.
Hamlin ranks as the #59 cheapest in New York out of 340.
Hamlin ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Hamlin is $117,000.
The median income in Hamlin is $55,719.
According to the most recent data on the cost of living, Hamlin has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to New York, Hamlin has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Hamlin ranks as #59 most affordable out of the 340 places we measured in New York. By definition, that implies Hamlin ranks as the #281 most expensive place in the Empire State.
For more reading on life in Hamlin, check out:
Six factors go into calculating the cost of living index in Hamlin. Here is how it fairs on each of the criteria:
The Services index in Hamlin is 107.
The Groceries index in Hamlin is 102.
The Health index in Hamlin is 100.
The Housing index in Hamlin is 61.
The Transportation index in Hamlin is 108.
The Utilities index in Hamlin is 95.
Living Expense | Hamlin | New York | National Average | |
---|---|---|---|---|
Overall | 93 | 126 | 100 | |
Services | 107 | 110 | 100 | |
Groceries | 102 | 104 | 100 | |
Health | 100 | 105 | 100 | |
Housing | 61 | 175 | 100 | |
Transportation | 108 | 107 | 100 | |
Utilities | 95 | 102 | 100 |
Housing swings affordability the most between places in New York, 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 Hamlin is $117,000.
The Median Rent in Hamlin is $813.
The Median Income in Hamlin is $55,719.
The Home Value To Income in Hamlin is 2.1x.
The Rent To Monthly Income in Hamlin is 0.18x.
Statistic | Hamlin | New York | United States |
---|---|---|---|
Median Home Value | $117,000 | $340,600 | $244,900 |
Median Rent | $813 | $1,390 | $1,163 |
Median Income | $55,719 | $75,157 | $69,021 |
Home Value To Income | 2.1x | 4.5x | 3.5x |
Rent To Monthly Income | 0.18x | 0.22x | 0.2x |
The cost of living varies in the cities and towns around Hamlin. Here's a quick look at the cost of living in the most populous nearby places:
Rochester, NY has a cost of living index of 91, 1.0x Hamlin.
Irondequoit, NY has a cost of living index of 96, 1.0x Hamlin.
Greece, NY has a cost of living index of 95, 1.0x Hamlin.
City | Population | Cost Of Living | Vs. Hamlin |
---|---|---|---|
Rochester, NY | 211,100 | 91 | 1.0x |
Irondequoit, NY | 51,054 | 96 | 1.0x |
Greece, NY | 14,628 | 95 | 1.0x |
North Gates, NY | 9,494 | 94 | 1.0x |
Brockport, NY | 7,246 | 94 | 1.0x |
Hilton, NY | 6,015 | 95 | 1.0x |
Albion, NY | 5,281 | 88 | 0.9x |