Housing costs in Hammond?
A typical home costs
$165,700, which is 51.0% less expensive than the national average of
$338,100 and 25.2% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Hammond costs
$1,070 per month, which is 9.2% more than the national average of
$980 and 30.8% cheaper than the state average of
$1,400.
Can I afford Hammond?
To live comfortably in Hammond (zip 46323), Indiana, a minimum annual income of
$31,680 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Hammond?
The cost of living in 46323 Hammond, IN is slightly above the national average. The median home price is $124,500 and the median rent is $1,000 per month. The local economy is largely driven by manufacturing and service-sector jobs, and the unemployment rate is lower than the national average. In addition, most goods and services are reasonably priced when compared to similar cities in the area. Overall, Hammond is a great place to live if you’re looking for an affordable place to call home with plenty of employment opportunities.