Housing costs in Hamilton?
A typical home costs
$144,500, which is 57.3% less expensive than the national average of
$338,100 and 7.0% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Hamilton costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 15.6% cheaper than the state average of
$890.
Can I afford Hamilton?
To live comfortably in Hamilton, Mississippi, a minimum annual income of
$27,720 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Hamilton?
The cost of living in Hamilton, MS is fairly affordable compared to the national average. The overall cost of living index for the city is 81.3, which is 19.7 percent lower than the national average of 100. Groceries, transportation, and health care are some of the most affordable items in Hamilton, while housing costs are about 6 percent higher than the national average due to its rural location. Although prices for goods and services may be a bit higher than other cities in Mississippi, residents can enjoy a high quality of life with relatively low expenses.