Housing costs in Hammond?
A typical home costs
$185,800, which is 45.0% less expensive than the national average of
$338,100 and 16.2% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Hammond costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 7.7% cheaper than the state average of
$980.
Can I afford Hammond?
To live comfortably in Hammond (zip 46394), Indiana, a minimum annual income of
$35,640 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Hammond?
The cost of living in 46394 Hammond, IN is generally quite affordable. Home prices are relatively low compared to many other areas, as the median home price is around $104,000. Renters can find a variety of options to fit their budget, with a median rent of approximately $985. Other typical costs such as groceries, transportation, and utilities are also quite reasonable in this area. Overall, living in 46394 Hammond, IN is an excellent option for those looking for affordable housing and everyday expenses.