Housing costs in Hammond?
A typical home costs
$100,400, which is 70.3% less expensive than the national average of
$338,100 and 58.5% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Hammond costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 43.2% cheaper than the state average of
$1,260.
Can I afford Hammond?
To live comfortably in Hammond (zip 61929), Illinois, a minimum annual income of
$19,080 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Hammond?
The cost of living in 61929 Hammond, IL is relatively low compared to other cities in the US. The median household income for families living in this zip code is approximately $45,000 a year, which is slightly lower than the national average. Despite this, the cost of renting an apartment or home in the area remains relatively affordable, as does purchasing gas and groceries. Utilities such as electricity and water are also inexpensive when compared with other parts of the country. This makes 61929 Hammond, IL an attractive option for those looking to save money on their monthly bills.