Lake Hamilton, FL is a small town in the Sunshine State located close to the border of Alabama and Georgia. It is well known for its beautiful landscapes, rich culture and diverse businesses. Due to its small size, renting within Lake Hamilton can be quite affordable. The 2 bedroom rent in Lake Hamilton is about $1,160 which is lower than the US average of $1430. The grocery cost index in Lake Hamilton is also more affordable at 102 versus 100 in the US. \nSome of the local companies in Lake Hamilton include Peckham Industries Inc., All Florida Properties Group Inc., and Kowledge Advisory Services LLC. These companies provide services to many industries including construction, real estate sales and financial consulting. With these local businesses combined with an affordable rent rate, Lake Hamilton presents itself as an ideal place for those looking to live in a smaller city with a high quality of life.
Lake Hamilton has an unemployment rate of 5.6%. The US average is 6.0%.
Lake Hamilton has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 43.7%, which is higher than the US average of 33.5%.
Tax Rates for Lake Hamilton
- The Sales Tax Rate for Lake Hamilton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Hamilton is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Hamilton
- The average income of a Lake Hamilton resident is $19,418 a year. The US average is $28,555 a year.
- The Median household income of a Lake Hamilton resident is $43,309 a year. The US average is $69,021 a year.