Hamlet, NC Cost Of Living

Demographics | Cost Of Living | Photos
Updated: 2020-03-08
Hamlet's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Hamlet is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Hamlet, NC?

According to the most recent data on the cost of living, Hamlet has an overall cost of living index of 87 which is 0.9x lower than the national index of 100.

Compared to only North Carolina, Hamlet has a cost of living index that's 0.9x lower than North Carolina's index of 95.

The standard of living in Hamlet ranks as #1128 most affordable out of the 6522 places we measured in North Carolina. By definition, that implies Hamlet ranks as the #5279 most expensive place in the Tar Heel State.

For more reading on life in Hamlet, check out:

Hamlet Cost Of Living Vs. North Carolina

Living Expense Hamlet North Carolina National Average
Overall 87 95 100
Services 106 101 100
Groceries 103 98 100
Health 101 108 100
Housing 53 85 100
Transportation 94 94 100
Utilities 95 98 100
For more reading on cost of living around North Carolina, check out:
Hamlet Cost of Living Vs. NC

Hamlet, NC Housing Cost Breakdown

Housing swings affordability the most between places in North Carolina, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Hamlet North Carolina United States
Median Home Value $89,100 $165,900 $204,900
Median Rent $586 $877 $1,023
Median Income $36,681 $52,413 $60,293
Home Value To Income 2.4x 3.2x 3.4x
Rent To Monthly Income 0.19x 0.2x 0.2x

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Cost Of Living In Cities Around Hamlet

City Population Cost Of Living Vs. Hamlet
Fayetteville, NC 209,867 91 1.0x
Florence, SC 37,802 94 1.1x
Monroe, NC 34,679 96 1.1x
Albemarle, NC 15,889 89 1.0x
Pinehurst, NC 15,821 112 1.3x
Hope Mills, NC 15,762 90 1.0x
Southern Pines, NC 13,694 103 1.2x
Rockingham, NC 8,994 88 1.0x
Aberdeen, NC 7,419 91 1.0x
Unionville, NC 6,826 100 1.1x

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