Housing costs in Hamilton?
A typical home costs
$96,700, which is 71.4% less expensive than the national average of
$338,100 and 60.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Hamilton costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 59.5% cheaper than the state average of
$1,260.
Can I afford Hamilton?
To live comfortably in Hamilton, Illinois, a minimum annual income of
$18,360 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Hamilton?
The cost of living in Hamilton, IL is relatively low compared to other parts of the country. According to Sperling's Best Places, goods and services are around 8% less expensive than the national average. Housing costs are approximately 16% lower than the national average, making it a great place to purchase or rent an affordable home. Additionally, utility costs are also more manageable, with electric and gas prices being roughly 12-14% lower than the average US city. All these factors contribute to make Hamilton a great place for individuals and families looking for a friendly and reasonably priced city to live in.