Housing costs in Hamilton?
A typical home costs
$141,600, which is 58.1% less expensive than the national average of
$338,100 and 33.8% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Hamilton costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 23.7% cheaper than the state average of
$940.
Can I afford Hamilton?
To live comfortably in Hamilton, Alabama, a minimum annual income of
$27,000 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Hamilton?
The cost of living in Hamilton, Alabama is quite affordable. The overall cost of living index is lower than the national average, indicating that it is a much more affordable place to live. Rent costs are also relatively low for the area, with one-bedroom apartments averaging around $667 per month. Groceries and other necessities are also inexpensive, making life in Hamilton quite cost-effective. Additionally, there are many free or low-cost activities available in town such as biking trails and local festivals, giving residents plenty of ways to enjoy their time without breaking the bank.