Hammond, LA Metro Area is an affordable place to live. The two bedroom rent for $1,000 compared to the US average of $1,430. This makes it a great spot for people looking for an inexpensive living situation. Additionally, the Grocery Cost Index in Hammond is 95 versus 100 in the US giving people another opportunity to save money on daily expenses. Hammond is home to many local companies such as Southeastern Louisiana University, Copeland's of New Orleans and Mylec Corporation. With such a low cost of living and local businesses that offer job opportunities, Hammond is an ideal place for those seeking a comfortable yet affordable lifestyle.
Hammond Metro Area has an unemployment rate of 7.4%. The US average is 6.0%.
Hammond Metro Area 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 32.2%, which is lower than the US average of 33.5%.
Tax Rates for Hammond Metro Area
- The Sales Tax Rate for Hammond Metro Area is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Hammond Metro Area is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hammond Metro Area
- The average income of a Hammond Metro Area resident is $27,747 a year. The US average is $37,638 a year.
- The Median household income of a Hammond Metro Area resident is $50,659 a year. The US average is $69,021 a year.