Living in Lake Hamilton, Florida
Cost of living, income, home prices, rent and demographics of Lake Hamilton · Census data 2020–2024
Lake Hamilton has 1,777 residents with a median age of 41.5. The median household income is $60,486 (19% lower than the Florida median), the median home value is $250,700, the median rent is $1,180/month.
Lake Hamilton at a glance
- Population
- 1,777
- Median age
- 41.5State: 42.6
- Median household income
- $60,486State: $74,568
- Median home value
- $250,700State: $359,000
- Median rent
- $1,180/moState: $1,669
- Homeowners
- 79.2%
- Bachelor's degree or higher
- 14%
- Average commute
- 27 min
Is Lake Hamilton a good place to live?
Pros: Home values 30% lower than the state median; an average commute of 27 minutes; unemployment of 1.1%.
Cons: Median household income 19% lower than the Florida median; a poverty rate of 26.9%.
The weather is best in February–March and November–December.
Cost of living in Lake Hamilton
Housing is the biggest part of the cost of living. In Lake Hamilton the median home value is $250,700, 25% lower than the U.S. median. Renters pay a median of $1,180 per month, which is 36.9% of household income. Homeowners with a mortgage pay $1,695 a month in housing costs.
Lake Hamilton median household income
The median household income in Lake Hamilton is $60,486 and the income per person is $22,572. 26.9% of residents live below the poverty line (Florida: 12.6%).
Housing in Lake Hamilton: homes for sale and rent
- Housing units
- 632
- Owner-occupied
- 79.2%
- Renter-occupied
- 20.8%
- Vacant
- 19.3%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 3.45
Lake Hamilton demographics
- Population
- 1,777
- Median age
- 41.5
- Under 18
- 26.8%
- 65 and older
- 22.7%
- Households
- 510
- Foreign-born
- 16.5%
- Veterans
- 2.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Hamilton ›
Education in Lake Hamilton
14% of adults 25 and older in Lake Hamilton have a bachelor's degree or higher (Florida: 34.1%), and 5.3% have a graduate or professional degree.
Jobs and commute in Lake Hamilton
- Unemployment rate
- 1.1%State: 4.8%
- Average commute
- 27 minState: 28 min
- Work from home
- 18.9%
- Drive alone
- 76.2%
- Public transit
- 0%
- Walk to work
- 1.6%
- Homes with broadband
- 95.1%
Lake Hamilton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Hamilton | 1,777 | $60,486 | $250,700 | $1,180 |
| Dundee | 5,863 | $48,668 | $247,800 | $1,628 |
| Haines City | 34,234 | $65,975 | $288,900 | $1,224 |
| Grenelefe | 2,797 | $59,939 | $325,000 | $1,180 |
| Cypress Gardens | 10,077 | $75,483 | $287,100 | $1,369 |
| Winter Haven | 55,200 | $59,648 | $269,800 | $1,246 |
| Lake Alfred | 7,277 | $67,202 | $239,900 | $1,349 |
| Davenport | 13,238 | $73,685 | $333,300 | $1,914 |
| Inwood | 7,556 | $55,540 | $142,300 | $1,230 |
More for people moving to Lake Hamilton
Lake Hamilton ZIP code ›Weather and climate ›Living in Lake Hamilton: FAQ
What is the median household income in Lake Hamilton, FL?
The median household income in Lake Hamilton is $60,486, 19% lower than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Hamilton?
The median home value in Lake Hamilton is $250,700, compared with $359,000 in Florida.
How much is rent in Lake Hamilton?
The median gross rent in Lake Hamilton is $1,180 per month, about 36.9% of household income.
Is Lake Hamilton, FL a good place to live?
Pluses: home values 30% lower than the state median; an average commute of 27 minutes; unemployment of 1.1%. Minuses: median household income 19% lower than the Florida median; a poverty rate of 26.9%.
What is the median age in Lake Hamilton?
The median age in Lake Hamilton is 41.5 years (Florida: 42.6).
How long is the commute in Lake Hamilton?
The average commute to work in Lake Hamilton is 27 minutes; 18.9% of workers work from home.
What is the unemployment rate in Lake Hamilton?
The unemployment rate in Lake Hamilton is 1.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Hamilton?
14% of adults in Lake Hamilton have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: