Hammond, IL is a city located in Lake County with a population of approximately 80,926 people. It has an average two bedroom rental rate of $880 - significantly lower than the national average of $1,430. The Grocery Cost Index in Hammond is 92, versus 100 at the national level.
Residents living in Hammond can find many local businesses such as Walgreens Pharmacy and The Home Depot for all your daily needs. There are also great locally owned shops like Coffee Cup Cafe and Luisa’s Bakery that specialize in coffee and pastries respectively. Additionally there are plenty of restaurants to choose from such as Karai Japanese Restaurant and Tequilas Mexican Grill.
Hammond (zip 61929) has an unemployment rate of 4.3%. The US average is 6.0%.
Hammond (zip 61929) has seen the job market decrease by -4.4% 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 (zip 61929)
- The Sales Tax Rate for Hammond (zip 61929) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Hammond (zip 61929) 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 (zip 61929)
- The average income of a Hammond (zip 61929) resident is $44,085 a year. The US average is $37,638 a year.
- The Median household income of a Hammond (zip 61929) resident is $63,125 a year. The US average is $69,021 a year.