Hamilton, WI is a small town located in the Midwest region of the United States. It has a population of approximately 5,000 people and is known for its diversity and welcoming atmosphere. The town is home to several businesses such as Hamilton Bakery, which produces award-winning pastries and other baked goods; Hamilton Farms, which provides fresh produce to local farmers markets; and Hamilton Woodworks, which offers custom woodworking services. In terms of cost of living, there are plenty of affordable housing options with the average 2 bedroom rent being $1,110 per month. Groceries are also relatively inexpensive with a grocery cost index at 96 compared to the US index at 100. The average income for inhabitants of Hamilton is around $25,000 per year thus making it an ideal place for those looking to live in an affordable yet comfortable neighborhood.
Hamilton has an unemployment rate of 3.8%. The US average is 6.0%.
Hamilton has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 34.8%, which is higher than the US average of 33.5%.
Tax Rates for Hamilton
- The Sales Tax Rate for Hamilton is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Hamilton is 6.3%. 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 $38,829 a year. The US average is $37,638 a year.
- The Median household income of a Hamilton resident is $102,734 a year. The US average is $69,021 a year.