Hamilton, MT is a small city located in the state of Montana. With a population of 4,731 people, it's an affordable and friendly place to live. The average rent for a two-bedroom home in Hamilton is $1,020 per month, significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index for Hamilton is on par with the national average. There are several local businesses thriving in Hamilton such as Jorgensen’s Market, Rocky Mountain Bank, and Ravalli County Museum. These establishments contribute to the economic vitality of Hamilton by providing job opportunities and quality services throughout the community.
Hamilton has an unemployment rate of 4.8%. 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 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Hamilton
- The Sales Tax Rate for Hamilton is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Hamilton is 6.9%. 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 $19,663 a year. The US average is $28,555 a year.
- The Median household income of a Hamilton resident is $37,868 a year. The US average is $69,021 a year.