Housing costs in Hammond?
A typical home costs
$133,600, which is 60.5% less expensive than the national average of
$338,100 and 39.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Hammond costs
$950 per month, which is 3.1% cheaper than the national average of
$980 and 47.4% cheaper than the state average of
$1,400.
Can I afford Hammond?
To live comfortably in Hammond (zip 46327), Indiana, a minimum annual income of
$25,560 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Hammond?
The cost of living in 46327 Hammond, IN is fairly reasonable. Housing costs are below the national average, with the median home value being around $118,400 and rental prices being quite affordable as well. Transportation costs are also below the national average due to the convenient access to public transportation. Groceries, healthcare, and utilities all tend to be very reasonable here as well. Overall, 46327 Hammond provides a great balance of affordability and quality of life for those looking for a home in the area.