Nakoma

Neighbourhood in Hamilton · Ontario · Population 1,956

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Approximate boundaries

Hamilton doesn't publish neighbourhood boundaries, so AreaScore draws from the Census areas nearest where the name is placed by Natural Resources Canada, Wikidata, OpenStreetMap or AreaScore's own research. The outline follows Census lines and may not match how residents draw it. Figures marked city-wide are for all of Hamilton.

Housing and jobs

Housing costs, rents, incomes and jobs in Nakoma, with comparisons and sources.

Affordability

36 · Below average

Average monthly rent$2,000/month

Hamilton: $1,233/month · Canada: $1,209/month · 2006: $0/month (estimated) (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,078/month

City-wide figure for Hamilton · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,402/month

City-wide figure for Hamilton · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,659/month

City-wide figure for Hamilton · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,866/month

City-wide figure for Hamilton · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.3.6%

City-wide figure for Hamilton · CMHC, 2025

Median dwelling value (owner-estimated)$820,703

Hamilton: $700,000 · Canada: $472,000 · Estimated · 2016: $534,259 (estimated) (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing10.6%

Hamilton: 23.2% · Canada: 20.9% · 2006: 16.1% (estimated) · 2016: 11.9% (estimated) · Statistics Canada, 2021

Economy

32 · Below average

Median household income$136,439

Hamilton: $86,000 · Canada: $84,000 · Estimated · 2006: $125,917 (estimated) · 2016: $124,847 (estimated) (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)6%

Canada: 5.2% · City-wide figure for Hamilton · Statistics Canada, 2021

Unemployment rate14.2%

Hamilton: 12.3% · Canada: 10.3% · 2006: 5.6% (estimated) · 2016: 6.5% (estimated) · Statistics Canada, 2021