Hamilton, AL is an affordable city to live in. The average 2 bedroom rent in Hamilton is $760 whereas the average 2 bedroom rent in the US is $1,430. This indicates a significant cost savings of about 50 percent when compared to the US as a whole. Additionally, the grocery cost index in Hamilton is 93 versus 100 in the US which shows Hamilton has lower grocery costs than most other cities.
Local businesses to check out in Hamilton include Grocerland Supermarket, D&D Auto Repair, and Antique Alley Thrift Store. All these stores provide residents with great products and services at an affordable price point. There are also numerous restaurants that offer many delicious dishes from various cuisines such as American, Mexican, Italian, Chinese, Japanese and more.
When it comes to affordability and local businesses, Hamilton stands out amongst other cities. It’s low living costs and wide variety of local companies make it an attractive destination for those looking for a place to call home without breaking the bank.
Hamilton has an unemployment rate of 2.6%. The US average is 6.0%.
Hamilton has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 32.4%, which is lower than the US average of 33.5%.
Tax Rates for Hamilton
- The Sales Tax Rate for Hamilton is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Hamilton is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hamilton
- The average income of a Hamilton resident is $17,369 a year. The US average is $28,555 a year.
- The Median household income of a Hamilton resident is $42,722 a year. The US average is $69,021 a year.