Housing costs in Hammond?
A typical home costs
$176,000, which is 47.9% less expensive than the national average of
$338,100 and 4.8% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Hammond costs
$960 per month, which is 4.0% cheaper than the national average of
$1,000 and 4.2% cheaper than the state average of
$1,000.
Can I afford Hammond?
To live comfortably in Hammond (zip 70401), Louisiana, a minimum annual income of
$33,840 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Hammond?
The cost of living in 70401 Hammond, LA is relatively affordable compared to the rest of the country. The average home price in the area is around $120,000, which is considerably lower than the national average. Additionally, groceries and other essentials are typically cheaper than when compared to other parts of the United States. The median household income in 70401 is $47,640 annually, which is slightly lower than the national median. Overall, 70401 Hammond offers a much more affordable lifestyle than many other areas of the country.