Hamilton, MA
Maps & Population Facts
Population
7,991
Population Density
564
Labor Participaton
64.3%
Bachelor's or Higher
68.9%
Median Household Income
$112,250
Median Individual Income
$51,014
Median Individual Income(Full-time Workers Only)
$88,347
Housing Estimates
Median House Value
$519,200
Median Gross Rent
$1,096
Median Mortgage Payment
$2,889
Housing Units
2,978
People who reside in Hamilton live in:
Detached - Single Family Homes
86%
Apt, Condo, Other
14%
Analysis
Income
Households in Hamilton earn significantly more money than the national median income, averaging 86% higher per household.
Housing
Hamilton has a median house price of $519,200, which makes it one of the most expensive places in the United States to own property. The cost of renting in Hamilton is 8% more than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 6% |
Demographics
The median age in Hamilton is 41. Hamilton has a population that is older than in comparison to the US median age.
Hamilton ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
| Hamilton | Massachusetts | USA | |
| Median Property Value | 519,200 | 385,400 | 217,600 |
| Median Mortgage Payment | 2,889 | 2,108 | 1,513 |
| Median Gross Rent | 1,096 | 1,208 | 1,012 |
| Property Vacancy | 10.1% | 10.0% | 12.6% |
| % Renters | 18% | 38% | 36% |
| Residents per Sq. Mi. | 564 | 885 | 93 |
Personal Comparison
| Hamilton | Massachusetts | USA | |
| Median Household Income | 112,250 | 77,385 | 60,336 |
| Median Individual Income | 51,014 | 41,700 | 33,646 |
| Median Income (Full-Time) | 88,347 | 60,923 | 46,881 |
| Median Age | 40.5 | 39.5 | 38.1 |
| Labor Participation | 64.3% | 67.8% | 62.8% |
| Attained College Degree | 68.9% | 43.4% | 32.0% |
Population Density Analysis
Hamilton, MA
564
Residents per Sq. Mile
The population density of Hamilton is comparable to that of a Suburban Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +