What is the median household income in the Village of Hamilton, NY?

The median household income in the Village of Hamilton, NY is $66,750 (±$26,073) a year (2020–2024 American Community Survey).

Paying the median gross rent of $1,245 a month would take about $49,800 a year at the common guideline of spending no more than 30% of income on rent.

In the Village of Hamilton, the median household income went from $51,094 in 2015–2019 to $66,750 in 2020–2024 (+30.6%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median household income
$66,750 (±$26,073)
Median renter income
$55,804 (±$29,175)
Income to afford median rent
about $49,800

Income in the Village of Hamilton against Madison County, its state and the nation

Income, estimate (90% margin of error)
Village of HamiltonMadison CountyNew YorkUnited States
Median household income$66,750 (±$26,073)$75,499 (±$3,230)$85,974 (±$402)$80,734
Median renter household income$55,804 (±$29,175)$38,295 (±$3,331)$57,803 (±$395)$52,966
Median owner household income$133,438 (±$16,954)$89,174 (±$3,543)$114,563 (±$568)$100,009
Median gross rent$1,245 (±$353)$928 (±$25)$1,621 (±$7)$1,413

In the Village of Hamilton, median household income is not measurably different from Madison County ($75,499).

It is not measurably different from New York ($85,974).

It is not measurably different from the national figure ($80,734).

In Madison County, the Village of Hamilton ranks 7 of 10 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 330 of 527.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How much you need to earn to rent in the Village of Hamilton

Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.

At that guideline, the median gross rent of $1,245 a month ($14,940 a year) needs an income of about $49,800 a year.

The median renting household in the Village of Hamilton earns $55,804 a year.

This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.

Income against housing costs since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median household income$51,094 (±$13,256)$66,750 (±$26,073)+30.6%No measurable change after inflation
Median gross rent$836 (±$184)$1,245 (±$353)+48.9%No measurable change after inflation
Median home value$224,300 (±$14,623)$264,200 (±$22,605)+17.8%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median household income in places near the Village of Hamilton

Nearest places with a published estimate, compared with the Village of Hamilton
PlaceDistanceMedian household incomeCompared with this place
Village of Hamilton—$66,750 (±$26,073)—
Town of Hamilton4.1 mi$75,398 (±$14,439)Not measurably different
Town of Lebanon5.0 mi$67,212 (±$9,026)Not measurably different
Town of Madison5.2 mi$76,895 (±$19,664)Not measurably different
Village of Madison5.2 mi$54,063 (±$20,954)Not measurably different
Town of Eaton5.8 mi$53,281 (±$11,411)Not measurably different
Village of Earlville6.1 mi$75,469 (±$23,452)Not measurably different
Village of Morrisville6.7 mi$50,000 (±$26,779)Not measurably different
Village of Oriskany Falls8.8 mi$46,375 (±$10,627)Not measurably different

None of the nearby places differs measurably from this one on this figure.

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median household income across Madison County, place by place

RankPlaceMedian household income
1Village of Cazenovia$92,857 (±$13,710)
2Village of Munnsville$77,750 (±$12,804)
3Village of Earlville$75,469 (±$23,452)
4Village of Canastota$74,015 (±$12,684)
5Village of Wampsville$73,000 (±$12,246)
6Village of Chittenango$70,786 (±$6,665)
7Village of Hamilton$66,750 (±$26,073)
8Village of DeRuyter$55,000 (±$23,017)
9Village of Madison$54,063 (±$20,954)
10Village of Morrisville$50,000 (±$26,779)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Village of Hamilton

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Questions about Village of Hamilton

What is the median household income in the Village of Hamilton?

The median household income in the Village of Hamilton is $66,750 (±$26,073) a year (2020–2024 American Community Survey).

How much do you need to make to afford rent in the Village of Hamilton?

About $49,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,245 a month.

Have incomes in the Village of Hamilton kept up with inflation?

In the Village of Hamilton, the median household income went from $51,094 in 2015–2019 to $66,750 in 2020–2024 (+30.6%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

What do renters earn in the Village of Hamilton?

The median renting household in the Village of Hamilton, NY earns $55,804 (±$29,175) a year.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Hamilton village, New York (place:31709, in state:36).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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