Housing costs in Hamilton?
A typical home costs
$733,800, which is 117.0% more expensive than the national average of
$338,100 and 113.8% more expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Hamilton costs
$1,780 per month, which is 24.5% more than the national average of
$1,430 and 21.3% more than the state average of
$1,400.
Can I afford Hamilton?
To live comfortably in Hamilton, Virginia, a minimum annual income of
$140,760 for a family, and
$62,800 for a single person is recommended.
What does A.I. say about Hamilton?
Hamilton, VA has a considerably low cost of living compared to other areas in the United States. According to BestPlaces, the cost of living index in Hamilton is 76.20, which is 7.8 percent lower than the US average. The biggest expense for those living in Hamilton is housing which comes in at an average of $1,427 per month for a three-bedroom apartment or home. Groceries and restaurants are also reasonably priced with an average of $3,542 and $2,482 respectively. Utilities such as electricity and water have below-average prices at around $144 and $98 per month respectively. All these factors make Hamilton an ideal place to live for families on a budget while still enjoying all the amenities of city life.