Hamilton, IL is an ideal place to live with its low rental costs in comparison to the US. The average cost for a 2 bedroom rent in Hamilton is $790, which is significantly lower than the national average of $1,430. Additionally, Hamilton offers affordable grocery prices with its Grocery Cost Index at 93 versus 100 in the US. Hamilton is home to many local businesses including R & S Motorsports, Hamilton Printing Service, and All Ag Parts. With its affordable housing market and low-cost groceries, Hamilton is an excellent option for those looking for an economical place to live that isn't short on amenities.
Hamilton has an unemployment rate of 5.3%. The US average is 6.0%.
Hamilton has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Hamilton
- The Sales Tax Rate for Hamilton is 6.3%. 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 $23,022 a year. The US average is $28,555 a year.
- The Median household income of a Hamilton resident is $49,297 a year. The US average is $69,021 a year.