Hamilton, AL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
79
Hamilton's Overall Cost Of Living
0.8x
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:

1 out of 115
In Alabama
155 out of 6,412
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
For more reading on cost of living around Alabama, check out:
Hamilton Cost of Living Vs. AL

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
Search Homes For Sale In Hamilton, AL
$91,700
Median Home Value
$529
Median Rent
$42,722
Median Income

Hamilton, AL Costs By Category

Detailed Hamilton Services Costs Vs. Alabama

Item Hamilton Alabama
Shampoo $0.91 $1.06
Movie $9.75 $10.68
Bowling $10.0 $14.67
Haircut $16.33 $18.62
Beauty Salon $21.89 $39.05

Detailed Hamilton Groceries Costs Vs. Alabama

Item Hamilton Alabama
Ground Beef $3.44 $4.22
Fried Chicken $0.95 $1.39
Milk $1.03 $2.05
Potatoes $2.86 $3.29
Pizza $10.08 $10.62
Beer $8.7 $9.38
Toothpaste $1.63 $2.34

Detailed Hamilton Health Costs Vs. Alabama

Item Hamilton Alabama
Optometrist $97.78 $108.57
Doctor $58.33 $116.17
Dentist $81.11 $99.13

Detailed Hamilton Transportation Costs Vs. Alabama

Item Hamilton Alabama
Gasoline $1.91 $2.22
Tire Balancing $45.33 $50.07

Detailed Hamilton Utilities Costs Vs. Alabama

Item Hamilton Alabama
All Electricity $131.41 $167.67
Phone $181.26 $175.64

Hamilton SnackAbility

4
/10
Overall SnackAbility
Jobs
6/10
Housing
4
Affordability
8.5
Diversity
6
Safety
N/A
Amenities
6
Education
4
Commute
8

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

Articles About Alabama

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