Housing costs in Hammond?
A typical home costs
$217,700, which is 35.6% less expensive than the national average of
$338,100 and 17.8% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Hammond costs
$990 per month, which is 1.0% cheaper than the national average of
$1,000 and close to the state average of
$1,000.
Can I afford Hammond?
To live comfortably in Hammond (zip 70402), Louisiana, a minimum annual income of
$41,760 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Hammond?
The cost of living in Hammond, LA 70402 is quite affordable. The average home price in the city is around $150,000, making it a desirable option for both first time buyers and those looking for a more budget-friendly option. Groceries are relatively inexpensive, with the overall cost of living being 4% lower than the US average. The sales tax rate is also 8%, lower than other cities in Louisiana. Additionally, utility costs tend to be slightly lower than the national average. All these features make Hammond an attractive place to live and work.