Housing costs in Hamilton?
A typical home costs
$133,500, which is 60.5% less expensive than the national average of
$338,100 and 31.5% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Hamilton costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 9.4% cheaper than the state average of
$930.
Can I afford Hamilton?
To live comfortably in Hamilton (zip 50116), Iowa, a minimum annual income of
$25,560 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, IA 50116 is fairly affordable. Prices for regular goods and services are on par with the US average, making it a great choice for those looking to live in an affordable area with access to all the modern amenities. Housing costs are especially low, with the median home price coming in at approximately $92,000. Similarly, rental rates are also below average. The median rent rate is around $518 per month, which makes it a great option for those who may be on a tighter budget. Additionally, taxes are relatively low and there are plenty of jobs to be had as well. All in all, Hamilton offers an attractive combination of affordability and convenience that make it an ideal place to call home.