Hammond, Indiana is located in Lake County and has a population of 46,394 people. The average rent for a two bedroom home in the area is $910 per month, which is more affordable than the US average of $1,430. Additionally, Hammond has a Grocery Cost Index of 94 compared to the US average of 100, making it a more cost-effective place to purchase groceries. There are several grocery chains located in the area such as Family Express and Coast to Coast that offer competitive pricing on all types of products. Additionally, there are many restaurants in Hammond including La Margarita Mexican Grill and Beach Bums Bar & Grill that provide affordable local cuisine.
Hammond (zip 46394) has an unemployment rate of 7.6%. The US average is 6.0%.
Hammond (zip 46394) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Hammond (zip 46394)
- The Sales Tax Rate for Hammond (zip 46394) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hammond (zip 46394) is 3.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hammond (zip 46394)
- The average income of a Hammond (zip 46394) resident is $23,505 a year. The US average is $28,555 a year.
- The Median household income of a Hammond (zip 46394) resident is $58,026 a year. The US average is $69,021 a year.