Hamilton, OH is an affordable place to live with the 2 bedroom rent being at $1,060 which is significantly lower than the US rent rate of $1,430. This savings also extends to grocery costs in Hamilton as the Grocery Cost Index is 98 versus 100 in the US. It is an excellent place to work and raise a family with many prominent companies operating within the city such as Kroger, Cintas Corporation, Procter & Gamble and AK Steel Corporation. In addition to these corporate giants, Hamilton has a thriving small business community that adds to its economy and charm.
Hamilton has an unemployment rate of 4.7%. The US average is 6.0%.
Hamilton has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Hamilton
- The Sales Tax Rate for Hamilton is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Hamilton is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hamilton
- The average income of a Hamilton resident is $20,844 a year. The US average is $28,555 a year.
- The Median household income of a Hamilton resident is $50,034 a year. The US average is $69,021 a year.