Hamilton, OH vs Newark, OH
Hamilton, OH and Newark, OH have a very similar cost of living, with only a 0.6% difference in their overall index. Hamilton scores 75 while Newark scores 75 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 Hamilton is $974/month compared to $926/month in Newark — a 5% difference. Interestingly, home values tell a different story: while Newark has cheaper rent, Hamilton actually has lower median home values ($152,300 vs $174,100).
Median household income in Hamilton is $54,293 compared to $58,920 in Newark (-7.9%). While Newark 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, more than the 18.9% in Newark.
Climate-wise, both cities share similar average temperatures (53.8°F vs 53.2°F). Hamilton receives more rainfall at 41.4" per year compared to 38.8" in Newark.
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Climate
NOAA 30-year normals (1991-2020)