Hamilton cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexHamiltonOhioNational
Cost of living index8791100
IndexHamiltonOhioNational
Goods & Services index10099100
Groceries index92101100
Health care index9795100
Housing index6475100
Transportation index100101100
Utilities index9391100
Displayed above is a general overview of the Hamilton, OH cost of living index. The overall cost of living index in Hamilton, OH is 87, which is 5% lower than the Ohio average and 13% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Hamilton, OH are 1% higher than the Ohio average and equal to the national average.

Did you know?

  • The cost of living in Hamilton is 5% lower than the Ohio average.
  • The cost of living in Hamilton is 13% lower than the national average.
  • The cost of housing in Hamilton is 36% lower than the national average.
  • Ohio general sales tax is 13% higher than the national average.
  • Ohio state income tax is 76% lower than the national average.

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Salary Calculator

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Use the salary calculator to compare your current salary in Hamilton, OH to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Hamilton, OH, then you would need to earn more income in order to maintain the same standard of living. To use the Hamilton, OH salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$54,140$4,512$1,263$1,624
Renters$25,287$2,107$590$759
One can approximate the cost of living and the housing affordability in Hamilton, OH by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Hamilton, OH have a median income of $54,140. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,263 per month to avoid calamity and poverty. The renters in the city have an income of about $25,287, which would make their monthly maximum allowable rental costs $590.

Ohio Sales Tax

StateGeneral Sales TaxWith Max Surtax
Ohio5.75%8%

Ohio Income Tax

StateIncome Tax (Low)Income Tax (High)
Ohio0.528%5.333%
One thing to keep in mind when considering the cost of living in Hamilton, OH is the Ohio sales tax and Ohio income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Ohio sales tax rate is 5.75% and the maximum surtax that can be charged is 8%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Ohio income tax rates range from 0.528% to 5.333%.

Goods & Services

ItemHamiltonNational avg.Difference
Haircut $13.84$15.5611.1%
Beauty Salon $31.76$36.1112.0%
Toothpaste $2.36$2.474.4%
Shampoo $0.79$0.9618.5%
Movie $10.51$10.133.8%
Bowling $4.58$4.743.4%

Groceries

ItemHamiltonNational avg.Difference
Ground Beef $3.61$3.989.5%
Fried Chicken $1.41$1.410.2%
Milk $1.46$2.0629.1%
Potatoes $2.68$2.9810.0%
Pizza $8.49$9.4710.4%
Beer $8.18$8.796.9%

Health Care

ItemHamiltonNational avg.Difference
Optometrist $90.37$101.0410.6%
Doctor $103.24$107.443.9%
Dentist $87.72$90.423.0%
Ibuprofen $8.33$9.2810.2%
Lipitor $433.67$426.501.7%

Housing

ItemHamiltonNational avg.Difference
Home Price $100,200.00$175,700.0043.0%
Avg. Mortgage Payment $805.19$1,133.2328.9%
Apartment Rent $725.00$920.0021.2%

Transportation

ItemHamiltonNational avg.Difference
Gasoline $2.04$1.992.6%
Tire Balancing $43.48$45.765.0%

Utilities

ItemHamiltonNational avg.Difference
All Electricity$163.52$163.810.2%
Phone $23.66$28.3916.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Brecon, OH25670-30%
New Baltimore, OH52379-21%
Elmwood Place, OH1,88781-19%
New Haven, OH81381-19%
West Harrison, IN38782-18%
Hamilton, OH62,36687-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Castro Valley, CA62,36316161%
Taylor, MI62,33185-15%
Conway, AR62,45588-12%
Council Bluffs, IA62,26187-13%
Marysville, WA62,47211414%
Hamilton, OH62,36687-13%
Source: The Hamilton, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.