Hamilton, OH vs Lorain, OH
Lorain is moderately more affordable than Hamilton, with a 10.1% lower cost of living index. Hamilton scores 75 compared to 68 for Lorain, where the US average is 100. This difference means residents of Hamilton can expect to pay noticeably more for everyday expenses, housing, and services.
On the housing front, median rent in Hamilton is $974/month compared to $839/month in Lorain — a 16% difference. Home values follow the same pattern: Lorain is more affordable at $123,500 median vs $152,300.
Median household income in Hamilton is $54,293 compared to $45,799 in Lorain (+18.5%). While Hamilton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hamilton spend roughly 21.5% of their income on rent, less than the 22% in Lorain.
Climate-wise, Hamilton is notably warmer with an average of 53.8°F compared to 50.2°F in Lorain. Hamilton receives more rainfall at 41.4" per year compared to 36.7" in Lorain.
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