Hammond, IL is a great place to live. It boasts affordable rent for a two bedroom apartment at only $890 compared to the national average of $1,430. Additionally, grocery costs are relatively low with an index score of 92 versus 100 in the US. Whether you’re looking to make Hammond your home or just visit for a while, you can be sure that living expenses won't break the bank. There are many fantastic local companies in Hammond such as Purdue Federal Credit Union, Cressy Door Company and CDI Business Solutions. These businesses offer quality services from banking to window installation and business IT consulting respectively.
Hammond has an unemployment rate of 4.3%. The US average is 6.0%.
Hammond has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Hammond
- The Sales Tax Rate for Hammond is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Hammond is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hammond
- The average income of a Hammond resident is $21,318 a year. The US average is $28,555 a year.
- The Median household income of a Hammond resident is $67,273 a year. The US average is $69,021 a year.