Hamilton, MS is a small city located in western Mississippi. It has a population of about 5,000 people. Hamilton is known for its low cost of living as evidenced by rent for a two bedroom apartment being $770 compared to the US average of $1,430. Groceries also have a lower cost index with 96 versus 100 in the US. Companies based in Hamilton include banks such as First National Bank and insurance companies such as Blue Cross and Blue Shield of Mississippi. In general, it is an affordable place to live with many businesses and services to meet the needs of its citizens.
Hamilton has an unemployment rate of 6.1%. The US average is 6.0%.
Hamilton has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 26.0%, 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 $24,398 a year. The US average is $28,555 a year.
- The Median household income of a Hamilton resident is $29,286 a year. The US average is $69,021 a year.