Hamilton, MO is a small town located in Cedar County with an estimated population of 1,037 people. The median rent for a two bedroom apartment is $950 in Hamilton which is much lower than the national average of $1,430. This lower cost of living helps Hamilton residents save more money on housing costs. Additionally, the grocery cost index in Hamilton is 93 which is 7 points lower than the US average. These affordable prices benefit local residents by leaving them extra income to spend on other necessities like food or entertainment.
The community of Hamilton has many businesses that help keep its economy alive. For example, there are multiple service industries such as Harris Friction Welding & Machine Inc., Cope Plastics Inc., and United States Post Office that contribute to its economic activity. There are also some great restaurants such as Big E's Cafe and Whitey's Barbeque that give visitors delicious options for dining out while they explore this fun-filled city.
The low cost of living in Hamilton has helped make it a popular destination for people looking for affordable housing options and a place to call home. This has allowed the local population to continue to grow while enjoying all the benefits that come with living in this small town atmosphere. The affordability makes it easy for families to stretch their budgets far beyond what would be possible in many other places outside of Missouri.
Hamilton (zip 64644) has an unemployment rate of 4.1%. The US average is 6.0%.
Hamilton (zip 64644) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Hamilton (zip 64644)
- The Sales Tax Rate for Hamilton (zip 64644) is 8.7%. The US average is 7.3%.
- The Income Tax Rate for Hamilton (zip 64644) is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hamilton (zip 64644)
- The average income of a Hamilton (zip 64644) resident is $21,474 a year. The US average is $28,555 a year.
- The Median household income of a Hamilton (zip 64644) resident is $65,521 a year. The US average is $69,021 a year.