Hamilton, IN
Population 1,849 · Indiana
About Hamilton, IN
Hamilton is a small town located in Indiana with a population of 1,849 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,884 per year, which is 11% below the national median of $75,149. The median age of 52 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Hamilton features a median home value of $265,600, which is 8% above the national median of $244,900. This positions Hamilton in a moderately priced market relative to the rest of the country. Median monthly rent is $929, 20% below the national average of $1,163/month. Of the 1,307 total housing units, 72% are owner-occupied (625 units) and 28% are renter-occupied (248 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hamilton shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hamilton have an average one-way commute time of 25.7 minutes.
Education & Demographics
20.2% of Hamilton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.7% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 0.4% of the population being foreign-born.
Cost of Living in Hamilton, IN
Compared to national averages, Hamilton has a median household income of $66,884 (11% below the national median of $75,149). Home values average $265,600, which is 8% above the national median. Monthly rent at $929 is 20% below the US average of $1,163. Within Indiana, Hamilton's income is 4% below the state average of $69,330, and home values are 63% above the state median of $163,409.
Why Live in Hamilton, IN?
Hamilton offers rent that’s lower than the national average at $929/month, and a strong job market with an unemployment rate of just 3.2%, and a low poverty rate of 8.2%, better than the national average.
Potential considerations include median household income ($66,884) that falls below the national average. However, Hamilton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hamilton has a population of 1,849 with a median age of 52 years. Compare Hamilton with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Hamilton
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| North Liberty | 1,838 | $61,143 | $157,100 | Compare |
| Argos | 1,822 | $60,214 | $128,100 | Compare |
| Roanoke | 1,819 | $72,880 | $168,600 | Compare |
| Bourbon | 1,816 | $71,375 | $156,800 | Compare |
| Versailles | 1,882 | $50,179 | $165,600 | Compare |
| Dillsboro | 1,809 | $46,591 | $137,700 | Compare |
| Ardmore | 1,807 | $45,709 | $113,300 | Compare |
| Churubusco | 1,894 | $59,621 | $137,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hamilton With Other Cities
Frequently Asked Questions about Hamilton
What is the population of Hamilton, IN?
The population of Hamilton, IN is 1,849 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Hamilton?
The median household income in Hamilton, IN is $66,884 per year, which is 11% below the national median of $75,149.
What is the median home value in Hamilton?
The median home value in Hamilton, IN is $265,600, which is 8% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hamilton?
The median monthly rent in Hamilton, IN is $929, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Hamilton?
The unemployment rate in Hamilton, IN is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hamilton, IN a good place to live?
Hamilton offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 1,849 and a median age of 52, the city appeals to established professionals and retirees.
How educated is Hamilton, IN?
20.2% of residents in Hamilton aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hamilton?
Key cost-of-living indicators for Hamilton, IN: median home value is $265,600 (8% above national), median rent is $929/month, and median household income is $66,884. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in Hamilton?
The poverty rate in Hamilton, IN is 8.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hamilton, IN?
Hamilton's population is 0.7% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 0.0% two or more races. 0.4% of residents are foreign-born.