Hamlet, NC Cost Of Living
Cost Of Living In Hamlet, NC Summary
Cost of living in Hamlet 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 Hamlet is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in North Carolina, 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 Hamlet is 84, with 100 being the average.
The cost of living index in Hamlet is 0.8x lower than the national average.
Hamlet ranks as the #4 cheapest in North Carolina out of 157.
Hamlet ranks as the #406 cheapest out of 6,489 in the US.
The median home value in Hamlet is $126,072.
The median income in Hamlet is $38,500.
Table Of Contents
Hamlet's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hamlet, NC?
According to the most recent data on the cost of living, Hamlet has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to North Carolina, Hamlet has a cost of living index that's 0.9x lower than North Carolina's index of 92.
The standard of living in Hamlet ranks as #4 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Hamlet ranks as the #153 most expensive place in the Tar Heel State.
For more reading on life in Hamlet, check out:
In North Carolina
In America
Hamlet Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Hamlet. Here is how it fairs on each of the criteria:
The Services index in Hamlet is 102.
The Groceries index in Hamlet is 98.
The Health index in Hamlet is 110.
The Housing index in Hamlet is 49.
The Transportation index in Hamlet is 94.
The Utilities index in Hamlet is 91.
| Living Expense | Hamlet | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 84 | 92 | 100 | |
| Services | 102 | 100 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 110 | 106 | 100 | |
| Housing | 49 | 86 | 100 | |
| Transportation | 94 | 93 | 100 | |
| Utilities | 91 | 95 | 100 | |
Hamlet, NC Housing Cost Breakdown
Housing swings affordability the most between places in North Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Hamlet is $126,072.
The Median Rent in Hamlet is $553.
The Median Income in Hamlet is $38,500.
The Home Value To Income in Hamlet is 3.3x.
The Rent To Monthly Income in Hamlet is 0.17x.
| Statistic | Hamlet | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $126,072 | $332,681 | $303,400 |
| Median Rent | $553 | $1,162 | $1,348 |
| Median Income | $38,500 | $69,904 | $78,538 |
| Home Value To Income | 3.3x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Hamlet, NC Costs By Category
Detailed Hamlet Services Costs Vs. North Carolina
| Item | Hamlet | North Carolina |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $13.55 | $12.13 |
| Bowling | $21.67 | $18 |
| Haircut | $18.25 | $24.26 |
| Beauty Salon | $59.75 | $45.56 |
Detailed Hamlet Groceries Costs Vs. North Carolina
| Item | Hamlet | North Carolina |
|---|---|---|
| Ground Beef | $6.27 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.61 | $4.67 |
| Potatoes | $4.98 | $4.93 |
| Pizza | $10.96 | $12.09 |
| Beer | $10.47 | $10.41 |
| Toothpaste | $3.81 | $3.7 |
Detailed Hamlet Health Costs Vs. North Carolina
| Item | Hamlet | North Carolina |
|---|---|---|
| Optometrist | $143.74 | $125.68 |
| Doctor | $148.29 | $135.78 |
| Dentist | $115.52 | $113.29 |
Detailed Hamlet Transportation Costs Vs. North Carolina
| Item | Hamlet | North Carolina |
|---|---|---|
| Gasoline | $3.29 | $3.46 |
| Tire Balancing | $53.32 | $59.92 |
Detailed Hamlet Utilities Costs Vs. North Carolina
| Item | Hamlet | North Carolina |
|---|---|---|
| All Electricity | $167.89 | $193.99 |
| Phone | $189.9 | $192.25 |
Hamlet SnackAbility
/10
Cost Of Living In Cities Around Hamlet
The cost of living varies in the cities and towns around Hamlet. Here's a quick look at the cost of living in the most populous nearby places:
Fayetteville, NC has a cost of living index of 91, 1.1x Hamlet.
Florence, SC has a cost of living index of 96, 1.1x Hamlet.
Monroe, NC has a cost of living index of 99, 1.2x Hamlet.
| City | Population | Cost Of Living | Vs. Hamlet |
|---|---|---|---|
| Fayetteville, NC | 209,692 | 91 | 1.1x |
| Florence, SC | 40,205 | 96 | 1.1x |
| Monroe, NC | 35,596 | 99 | 1.2x |
| Pinehurst, NC | 17,992 | 120 | 1.4x |
| Hope Mills, NC | 17,823 | 94 | 1.1x |
| Albemarle, NC | 16,527 | 90 | 1.1x |
| Southern Pines, NC | 16,052 | 112 | 1.3x |
| Rockingham, NC | 9,094 | 87 | 1.0x |
| Aberdeen, NC | 8,969 | 99 | 1.2x |
| Unionville, NC | 6,826 | 104 | 1.2x |
