Hamilton, TX is a charming small town with a population of about 5,000 people. Located in Central Texas, Hamilton has an affordable cost of living compared to the United States as a whole. The average two-bedroom rent in Hamilton is only $910 per month, while the average two-bedroom rent in the US is $1,430. Additionally, the grocery cost index in Hamilton sits at 93 compared to 100 in the US. There are many great local businesses that add to the charm and unique atmosphere of this quaint city. These include Coyote Cowboy Company which specializes in western wear and accessories; Hamilton Gun & Pawn Shop, offering quality firearms and jewelry; and Little Jake's BBQ for delicious smoked meats and homemade sides.
Hamilton has an unemployment rate of 4.9%. The US average is 6.0%.
Hamilton has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 34.6%, which is higher than the US average of 33.5%.
Tax Rates for Hamilton
- The Sales Tax Rate for Hamilton is 6.8%. The US average is 7.3%.
- The Income Tax Rate for 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 Hamilton
- The average income of a Hamilton resident is $20,534 a year. The US average is $37,638 a year.
- The Median household income of a Hamilton resident is $38,698 a year. The US average is $69,021 a year.