Hamilton, IN is a small town located in Indiana with a population of around 8,000 people. The area is known for its affordable cost of living with 2 bedroom rents averaging at $900 compared to the US average of $1,430. Groceries are also relatively cheap as well with an index score of 94 versus 100 in the US. \nLocal companies in Hamilton include Community Hospital and Health Network, Hamilton Steel Fab, and Super Service Garage Doors. Community Hospital and Health Network provides healthcare services to residents while Hamilton Steel Fab specializes in metal fabrication and welding for over 35 years. Lastly, Super Service Garage Doors offers installation and repair services for garage doors as well as openers.
Hamilton has an unemployment rate of 3.7%. The US average is 6.0%.
Hamilton has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Hamilton
- The Sales Tax Rate for Hamilton is 7.0%. 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 $37,640 a year. The US average is $37,638 a year.
- The Median household income of a Hamilton resident is $59,471 a year. The US average is $69,021 a year.