Living in Hamlet, Indiana
Cost of living, income, home prices, rent and demographics of Hamlet · Census data 2020–2024
Hamlet has 1,039 residents with a median age of 29.6. The median household income is $73,542 (about the same as the Indiana median), the median home value is $112,300, the median rent is $895/month.
Hamlet is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Hamlet at a glance
- Population
- 1,039
- Median age
- 29.6State: 38.1
- Median household income
- $73,542State: $71,957
- Median home value
- $112,300State: $218,200
- Median rent
- $895/moState: $1,062
- Homeowners
- 77.5%
- Bachelor's degree or higher
- 6.5%
- Average commute
- 26 min
Is Hamlet a good place to live?
Pros: Median household income about the same as the Indiana median; home values 49% lower than the state median; unemployment of 2.2%; a poverty rate of 11.7%.
Cons: An average commute of 26 minutes.
The weather is best in June to September.
Cost of living in Hamlet
Housing is the biggest part of the cost of living. In Hamlet the median home value is $112,300, 66% lower than the U.S. median. Renters pay a median of $895 per month, which is 14.6% of household income. Homeowners with a mortgage pay $1,070 a month in housing costs.
Hamlet median household income
The median household income in Hamlet is $73,542 and the income per person is $22,753. 11.7% of residents live below the poverty line (Indiana: 12.3%).
Housing in Hamlet: homes for sale and rent
- Housing units
- 318
- Owner-occupied
- 77.5%
- Renter-occupied
- 22.5%
- Vacant
- 9.1%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 3.60
Hamlet demographics
- Population
- 1,039
- Median age
- 29.6
- Under 18
- 34%
- 65 and older
- 9.7%
- Households
- 289
- Foreign-born
- 0%
- Veterans
- 7%Adults 18+
Hispanic or Latino can be of any race. Population history of Hamlet ›
Education in Hamlet
6.5% of adults 25 and older in Hamlet have a bachelor's degree or higher (Indiana: 29.5%), and 0.8% have a graduate or professional degree.
Jobs and commute in Hamlet
- Unemployment rate
- 2.2%State: 4.3%
- Average commute
- 26 minState: 24 min
- Work from home
- 2.3%
- Drive alone
- 81.5%
- Public transit
- 0.8%
- Walk to work
- 0.6%
- Homes with broadband
- 86.5%
Hamlet vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hamlet | 1,039 | $73,542 | $112,300 | $895 |
| Koontz Lake | 1,182 | $80,538 | $143,200 | $663 |
| Knox | 3,479 | $48,931 | $140,300 | $540 |
| Walkerton | 2,115 | $65,340 | $149,200 | $828 |
| Kingsford Heights | 1,358 | $57,830 | $120,500 | $889 |
| Hanna | 529 | $39,097 | $155,100 | $863 |
| Bass Lake | 983 | $73,086 | $324,600 | $1,278 |
| Kingsbury | 210 | $70,250 | $186,800 | $783 |
| Wellsboro | 343 | $158,301 | $114,500 | — |
More for people moving to Hamlet
Hamlet ZIP code ›Weather and climate ›Living in Hamlet: FAQ
What is the median household income in Hamlet, IN?
The median household income in Hamlet is $73,542, about the same as the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hamlet?
The median home value in Hamlet is $112,300, compared with $218,200 in Indiana.
How much is rent in Hamlet?
The median gross rent in Hamlet is $895 per month, about 14.6% of household income.
Is Hamlet, IN a good place to live?
Pluses: median household income about the same as the Indiana median; home values 49% lower than the state median; unemployment of 2.2%; a poverty rate of 11.7%. Minuses: an average commute of 26 minutes.
What is the median age in Hamlet?
The median age in Hamlet is 29.6 years (Indiana: 38.1).
How long is the commute in Hamlet?
The average commute to work in Hamlet is 26 minutes; 2.3% of workers work from home.
What is the unemployment rate in Hamlet?
The unemployment rate in Hamlet is 2.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hamlet?
6.5% of adults in Hamlet 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.
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