Hamilton, IA is a small town of just 50116 people located in Central Iowa. It has a median 2 bedroom rent of $850 which is slightly lower than the US median of $1430. The grocery cost index in Hamilton is 92 as compared to 100 in the US. \nLiving in Hamilton offers its residents a small-town feel with easy access to larger cities and their amenities. There are several local businesses including Golden Grain Pizza, The Red Rooster Cafe & Bakery, Las Palmas Mexican Restaurant, Rusty's Supermarket, and more. \nIn terms of recreational activities in Hamilton, there are several parks such as Southview Park and Shuler Park where one can enjoy outdoor activities such as jogging or picnicking. Additionally, Hamilton also has two golf courses - Eagle Ridge Golf Course and Indian Creek Country Club where one can enjoy a round of golf with friends or family.
Hamilton (zip 50116) has an unemployment rate of 3.3%. The US average is 6.0%.
Hamilton (zip 50116) 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 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Hamilton (zip 50116)
- The Sales Tax Rate for Hamilton (zip 50116) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hamilton (zip 50116) is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hamilton (zip 50116)
- The average income of a Hamilton (zip 50116) resident is $24,655 a year. The US average is $28,555 a year.
- The Median household income of a Hamilton (zip 50116) resident is $55,000 a year. The US average is $69,021 a year.