Cost of Living in Hamilton, MO
Housing
The housing market plays a significant role in determining the cost of living in Hamilton, MO.
- Housing Index: 89.1 / 100
- Median Home Price is: $155,000
- Average Rent (2 BR Apartment): $1340 per month
- Average Rent (2 BR House): $1457 per month
Considering a move to Hamilton, MO? The housing market seems quite appealing with a median home price of 155000, making it relatively affordable for potential homeowners. However, it's unexpected that both the housing index and average rents for a 2BR apartment and house are listed as 0.0, which may indicate a lack of current rental options or inventory. If you're looking for affordability, Hamilton presents a worthwhile option, but be sure to gather additional data about the rental market and availability before making any decisions. The dynamics in the housing market can significantly affect your living experience.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hamilton, MO.
- Electricity Price: $14.64 USD (median by state)
- Natural Gas Price: $23.25 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $234 per month
Living in Hamilton, MO could entail higher utility costs. Electricity costs sit at $14.64, while natural gas is priced at $23.25 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $234 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Hamilton is a financially viable option for your relocation.