Hamilton, NY
Population 4,038 · New York
About Hamilton, NY
Hamilton is a small town located in New York with a population of 4,038 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,000 per year, which is 17% below the national median of $75,149. The median age of 20.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Hamilton features a median home value of $256,700, which is 5% 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 $1,123, 3% below the national average of $1,163/month. Of the 940 total housing units, 45% are owner-occupied (324 units) and 55% are renter-occupied (398 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Hamilton shows an unemployment rate of 1.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.9%, above the national average of 12.4%. Workers in Hamilton have an average one-way commute time of 12 minutes, one of the shorter commutes in the region.
Education & Demographics
56.2% of Hamilton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.7% White, 0.3% Hispanic or Latino, 1.0% Black or African American, and 4.5% Asian residents, with 10.1% of the population being foreign-born.
Cost of Living in Hamilton, NY
Compared to national averages, Hamilton has a median household income of $62,000 (17% below the national median of $75,149). Home values average $256,700, which is 5% above the national median. Monthly rent at $1,123 is 3% below the US average of $1,163. Within New York, Hamilton's income is 36% below the state average of $96,987, and home values are 34% below the state median of $387,181.
Why Live in Hamilton, NY?
Hamilton offers rent that’s lower than the national average at $1,123/month, and a strong job market with an unemployment rate of just 1.8%, and a well-educated community where 56.2% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 12 minutes.
Potential considerations include median household income ($62,000) 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 4,038 with a median age of 20.6 years. Compare Hamilton with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Hamilton
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Chester | 4,052 | $97,250 | $280,600 | Compare |
| Bardonia | 4,022 | $123,750 | $599,000 | Compare |
| Cayuga Heights | 4,018 | $137,132 | $523,600 | Compare |
| Montauk | 4,073 | $129,375 | $1,186,400 | Compare |
| Garden City South | 4,077 | $150,688 | $691,800 | Compare |
| Herricks | 4,077 | $145,000 | $787,700 | Compare |
| University Gardens | 3,986 | $94,886 | $849,600 | Compare |
| Gordon Heights | 4,095 | $107,317 | $363,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
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, NY?
The population of Hamilton, NY is 4,038 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Hamilton?
The median household income in Hamilton, NY is $62,000 per year, which is 17% below the national median of $75,149.
What is the median home value in Hamilton?
The median home value in Hamilton, NY is $256,700, which is 5% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Hamilton?
The median monthly rent in Hamilton, NY is $1,123, which is 3% below the national average of $1,163/month.
What is the unemployment rate in Hamilton?
The unemployment rate in Hamilton, NY is 1.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hamilton, NY 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 4,038 and a median age of 20.6, the city appeals to young professionals and families.
How educated is Hamilton, NY?
56.2% of residents in Hamilton aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Hamilton?
Key cost-of-living indicators for Hamilton, NY: median home value is $256,700 (5% above national), median rent is $1,123/month, and median household income is $62,000. The home-value-to-income ratio is 4.1x, a moderate figure by national standards.
What is the poverty rate in Hamilton?
The poverty rate in Hamilton, NY is 13.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Hamilton, NY?
Hamilton's population is 0.7% White, 0.3% Hispanic or Latino, 1.0% Black or African American, 4.5% Asian, and 7.0% two or more races. 10.1% of residents are foreign-born.