Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Employment
Low income levels and high unemployment rates results in a low score in the employment category. It could prove difficult to find well-paying employment in this area.
Health & Safety
A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.
Hamilton is a small-sized city located in the state of Alabama. The city has a population of 6,662 inhabitants. If we take a look at the last Census, the vast majority of the population falls within one racial group (88% White). Given that fact, Hamilton could be considered less diverse than other cities. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Hamilton is the right fit for you, your one way commute time will average 23 minutes, which is about average when compared to the national commute time of 26 minutes.
If you’re considering relocating to any new city, it could be a very daunting task. However, it could also be a positive experience if you are willing to get to know the city before actually living in Hamilton, Alabama. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. The best areas in Hamilton and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, commute, education, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Alabama and national averages.
The livability score in Hamilton is 62/100 and the city is ranked in the 49th percentile of all cities across America. If we examine each of the categories on their own, we see that Hamilton ranks well for crime (A+) and housing (B). The bad news for Hamilton, there are some categories for which it does not score well, this includes: amenities (F), education (F) and employment (F).
Achieving a cost-effective lifestyle can be pivotal in managing your monthly expenditures, especially given the ongoing upward trajectory of everday goods and housing prices. In Hamilton, residents are fortunate to experience a cost of living that is 22.11% below the national average. This advantageous positioning extends its impact to a wide spectrum of expenses, encompassing not only goods and services but also transportation and health care costs. As a result, this area stands out as a place where your money stretches further, ensuring that you can maintain a more economical and sustainable lifestyle. This affordability becomes increasingly valuable in an era marked by soaring costs, making Hamilton an attractive choice for those seeking financial prudence without compromising on quality of life.
The Hamilton unemployment rate of 1.96% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
Finding affordable real estate and housing in Hamilton can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Hamilton real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Hamilton. The median home price for Hamilton homes is $101,400, which is 21.1% lower than the Alabama average. If we take a closer look at the affordability of homes in Hamilton, we’ll see that the home price to income ratio is 2.6, which is 10.3% lower than the Alabama average.
| Statistic | Hamilton | Alabama | National |
| Average one way commute | 23min | 25min | 26min |
| Workers who drive to work | 87.8% | 85.7% | 76.4% |
| Workers who carpool | 7.1% | 8.8% | 9.3% |
| Workers who take public transit | 0.0% | 0.4% | 5.1% |
| Workers who bicycle | 0.0% | 0.1% | 0.6% |
| Workers who walk | 0.9% | 1.1% | 2.8% |
| Working from home | 4.3% | 2.9% | 4.6% |
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