| Index | Hamilton | Ohio | National |
| Cost of living | 88 | 89 | 100 |
| Groceries | 99 | 97 | 100 |
| Health care | 96 | 96 | 100 |
| Housing | 66 | 74 | 100 |
| Transportation | 98 | 96 | 100 |
| Utilities | 98 | 96 | 100 |
| Lifestyle & Entertainment | 98 | 95 | 100 |
| Household Items | 97 | 97 | 100 |
| Education & Childcare | 93 | 93 | 100 |
The cost of living in Hamilton affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Hamilton is 88, which is 12% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The real experts on a city are its residents. That's why we reached out to 10 locals to get their views on the cost of living in Hamilton. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 30% found it budget-friendly with decreasing prices, while 70% said it's simply not affordable as prices have continued to rise.
Wondering if Hamilton is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Hamilton, for example, the median home price is 42% lower than what folks pay nationally, and monthly rent is 14.5% lower than the usual rates. Plus, income levels matter too, with Hamilton boasting a median household income of $71,816, which is 11.7% lower than the national average.
Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Hamilton, the housing index is 33.8% lower than the national average.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Hamilton starts at 5.75% and the income tax rates start at 2.76%.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Hamilton, the transportation index is 2.2% lower than the national average.
The Hamilton cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $95,413 | $7,951 | $2,226 | $2,863 |
| Renters | $50,502 | $4,209 | $1,178 | $1,515 |
| State | General Sales Tax | With Max Surtax |
| Ohio | 5.75% | 8% |
| State | Income Tax (Low) | Income Tax (High) |
| Ohio | 2.76% | 3.99% |
| City | Population | Cost of Living Index | National Avg. |
| Hooven, OH | 336 | 77 | 22.7% |
| Dillonvale village, OH | 667 | 80 | 20.2% |
| Elmwood Place, OH | 2,132 | 80 | 19.8% |
| New Haven CDP (Huron County), OH | 290 | 81 | 18.8% |
| New Haven, OH | 345 | 82 | 18.5% |
| Hamilton, OH | 64,032 | 88 | 12.1% |
| City | Population | Cost of Living Index | National Avg. |
| North Miami, FL | 64,069 | 110 | 10.4% |
| Chapel Hill, NC | 64,145 | 133 | 33.2% |
| Pico Rivera, CA | 63,899 | 148 | 47.8% |
| Reston, VA | 63,840 | 150 | 49.8% |
| Fredericton, NB | 63,818 | n/a | |
| Hamilton, OH | 64,032 | 88 | 12.1% |
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