States › North Carolina › Hamlet

Is Hamlet, NC expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$67362% lower than U.S. average
💵 Families earn per year (2026)$44,855about $3,738/month · 48% lower than U.S. average
🔑 House price$112,60066% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $26,920 a year. That is $13 an hour at a full-time job.

Is rent cheaper than other North Carolina cities?

Yes. Rent here is cheaper than in most of North Carolina. It is number 2 of 164 cities from cheapest to most expensive.

Hamlet
$673
Stokesdale
$1,526
Westport
$1,637
Barbecue
$1,455
Northchase
$1,995
Briar Chapel
$3,343
Walkertown
$1,451

How much do households earn in Hamlet?

Under $25k
27.2%
$25k–50k
32.6%
$50k–100k
23.8%
$100k–150k
4.4%
$150k+
4.2%

Share of households by yearly income. 8.6% of households earn $100,000 or more.

Rent by apartment size in Hamlet

SizeHamletU.S. average
2 bedrooms$652$1,509
3 bedrooms$723$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Hamlet overall?

Everyday prices in North Carolina overall are 6% below the U.S. average (index 94.3, U.S. = 100).

Housing
81
Goods (food, clothes…)
97
Utilities
89
Other services
98
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hamlet, so the North Carolina figure is shown.

Taxes and bills in Hamlet

🏛️ Property tax$1,112a year · 0.99% of home value · U.S. $3,119
⚡ Electric bill$175a month (typical) · U.S. $156

Life in Hamlet

Commute to work22 minU.S.: 26.4 min
College degree15.5%U.S.: 35.7%
Own their home52%U.S.: 65.2%
Below poverty line21.6%U.S.: 12.5%
Unemployment8.7%U.S.: 5.2%

Is it cheaper to rent or buy in Hamlet?

Renting is cheaper right now: about $108 a month less.

Renting
$673
Owning
$781

Owning assumes a typical $112,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $11,260 for the down payment.

Frequently asked questions

What is the average rent in Hamlet, NC?

Renting in Hamlet costs a median of about $673 a month in 2026, including utilities. The North Carolina median is $1,496.

How much do I need to make to live in Hamlet?

To keep rent under 30% of income, you need about $26,920 a year, or $13 an hour at a full-time job.

Is Hamlet cheap or expensive?

Hamlet is rated Cheap: rent takes 18.0% of the typical household income of $44,855. It ranks 2nd cheapest of 164 North Carolina cities we track.

How much are property taxes in Hamlet?

The median homeowner in Hamlet pays $1,112 a year in property taxes, about 0.99% of the median home value.

Is Hamlet more expensive than the national average?

Overall prices in North Carolina are 6% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Hamlet?

The median home value in Hamlet is $112,600, about 2.5 times the typical yearly household income.

5,961 people live in Hamlet. Numbers are typical (middle) values.