Living in Hamilton, Massachusetts
Cost of living, income, home prices, rent and demographics of Hamilton · Census data 2020–2024
Hamilton has 7,600 residents with a median age of 43.5. The median household income is $129,833 (25% higher than the Massachusetts median), the median home value is $720,000, the median rent is $1,794/month.
Hamilton at a glance
- Population
- 7,600
- Median age
- 43.5State: 40
- Median household income
- $129,833State: $103,960
- Median home value
- $720,000State: $562,100
- Median rent
- $1,794/moState: $1,762
- Homeowners
- 84.7%
- Bachelor's degree or higher
- 68.8%
- Average commute
- 32 min
Is Hamilton a good place to live?
Pros: Median household income 25% higher than the Massachusetts median; unemployment of 3%; a poverty rate of 7.8%.
Cons: Home values 28% higher than the state median; an average commute of 32 minutes.
The weather is best in June to September.
Cost of living in Hamilton
Housing is the biggest part of the cost of living. In Hamilton the median home value is $720,000, 116% higher than the U.S. median. Renters pay a median of $1,794 per month, which is 51% of household income. Homeowners with a mortgage pay $3,539 a month in housing costs.
Hamilton median household income
The median household income in Hamilton is $129,833 and the income per person is $64,489. 7.8% of residents live below the poverty line (Massachusetts: 10%).
Housing in Hamilton: homes for sale and rent
- Housing units
- 2,830
- Owner-occupied
- 84.7%
- Renter-occupied
- 15.3%
- Vacant
- 6.6%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.79
Hamilton demographics
- Population
- 7,600
- Median age
- 43.5
- Under 18
- 24%
- 65 and older
- 21.9%
- Households
- 2,644
- Foreign-born
- 8.5%
- Veterans
- 6.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Hamilton ›
Education in Hamilton
68.8% of adults 25 and older in Hamilton have a bachelor's degree or higher (Massachusetts: 47.3%), and 34.8% have a graduate or professional degree.
Jobs and commute in Hamilton
- Unemployment rate
- 3%State: 5.2%
- Average commute
- 32 minState: 29 min
- Work from home
- 26.3%
- Drive alone
- 62%
- Public transit
- 3.9%
- Walk to work
- 1.5%
- Homes with broadband
- 96.5%
Hamilton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hamilton | 7,600 | $129,833 | $720,000 | $1,794 |
| Wenham | 4,929 | $194,781 | $885,400 | — |
| Essex | 3,701 | $157,147 | $897,400 | $1,964 |
| Topsfield | 6,564 | $195,718 | $853,400 | $1,115 |
| Beverly | 42,665 | $106,044 | $650,300 | $1,771 |
| Ipswich | 13,930 | $138,750 | $745,400 | $1,598 |
| Danvers | 28,098 | $125,395 | $644,200 | $2,076 |
| Manchester-by-the-Sea | 5,403 | $206,389 | $942,000 | $1,811 |
| Rowley | 6,251 | $132,734 | $667,300 | $1,603 |
More for people moving to Hamilton
Hamilton ZIP code ›Weather and climate ›Living in Hamilton: FAQ
What is the median household income in Hamilton, MA?
The median household income in Hamilton is $129,833, 25% higher than the Massachusetts median of $103,960 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hamilton?
The median home value in Hamilton is $720,000, compared with $562,100 in Massachusetts.
How much is rent in Hamilton?
The median gross rent in Hamilton is $1,794 per month, about 51% of household income.
Is Hamilton, MA a good place to live?
Pluses: median household income 25% higher than the Massachusetts median; unemployment of 3%; a poverty rate of 7.8%. Minuses: home values 28% higher than the state median; an average commute of 32 minutes.
What is the median age in Hamilton?
The median age in Hamilton is 43.5 years (Massachusetts: 40).
How long is the commute in Hamilton?
The average commute to work in Hamilton is 32 minutes; 26.3% of workers work from home.
What is the unemployment rate in Hamilton?
The unemployment rate in Hamilton is 3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hamilton?
68.8% of adults in 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.
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