Housing costs in Hamlet?
A typical home costs
$172,900, which is 48.9% less expensive than the national average of
$338,100 and 22.0% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Hamlet costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 2.1% cheaper than the state average of
$980.
Can I afford Hamlet?
To live comfortably in Hamlet, Indiana, a minimum annual income of
$33,120 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Hamlet?
The cost of living in Hamlet, IN is relatively low compared to other parts of the state. The median home value is $61,800, making it a great place to settle down for those looking for an affordable place to live. The median household income is $44,455, which is just slightly below the national average and lower than the rest of Indiana. Prices for groceries and utilities are also lower than most places in the region, so residents can get more for their money. In general, Hamlet offers an excellent quality of life with its low cost of living.