Housing costs in Hammond?
A typical home costs
$162,300, which is 52.0% less expensive than the national average of
$338,100 and 26.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Hammond costs
$1,060 per month, which is 8.2% more than the national average of
$980 and 32.1% cheaper than the state average of
$1,400.
Can I afford Hammond?
To live comfortably in Hammond (zip 46324), Indiana, a minimum annual income of
$30,960 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Hammond?
The cost of living in 46324 Hammond, IN is generally considered to be above the U.S. national average. Housing costs are particularly high, with median home prices being well over $100,000. Groceries and transportation costs are also generally high compared to the national average. Utility costs and healthcare expenses tend to be about on par with the rest of the country. All in all, while Hammond may be higher than other places when it comes to cost of living, its location makes it an attractive option for those who don’t mind paying a bit more for their living expenses.