Housing costs in Hammond?
A typical home costs
$119,800, which is 64.6% less expensive than the national average of
$338,100 and 45.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Hammond costs
$830 per month, which is 15.3% cheaper than the national average of
$980 and 68.7% cheaper than the state average of
$1,400.
Can I afford Hammond?
To live comfortably in Hammond (zip 46320), Indiana, a minimum annual income of
$23,040 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Hammond?
The cost of living in 46320 Hammond, IN is generally higher than the national average. According to Best Places, the overall cost of living index in 46320 is 110.6, with housing being the biggest factor contributing to the increased cost of living. The median home price in 46320 is $152,300 and the median rent is $1,170 per month. Groceries and transportation are slightly more expensive than the national average as well. Despite being above the national average for many items, there are still affordable options within 46320 that allow residents to enjoy an excellent quality of life without breaking their budget.