Apple Mountain Lake, VA vs Hamilton, VA

Apple Mountain Lake, VA and Hamilton, VA have a very similar cost of living, with only a 2.1% difference in their overall index. Apple Mountain Lake scores 120 while Hamilton scores 122 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Apple Mountain Lake is $1,675/month compared to $1,375/month in Hamilton — a 22% difference. Interestingly, home values tell a different story: while Hamilton has cheaper rent, Apple Mountain Lake actually has lower median home values ($370,600 vs $513,000).

Median household income in Apple Mountain Lake is $127,321 compared to $128,750 in Hamilton (-1.1%). The higher salaries in Hamilton partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Apple Mountain Lake spend roughly 15.8% of their income on rent, more than the 12.8% in Hamilton.