Hammond, Indiana (zip code 46320) is an affordable city in which to live. The average rent for a two bedroom apartment is $830 per month, considerably lower than the national average of $1,430. Prices at local grocery stores are also low, with a Grocery Cost Index rating of 91 compared to the US average of 100. Companies and places in Hammond include Meijer, which offers competitive pricing on groceries and household items; Aldi, where shoppers can find high quality groceries at reduced prices; and Target for general shopping needs. For dining out there are restaurants such as Little Mexico Grill and Pizza King offering tasty meals at reasonable costs. Hammond provides a great balance of affordability and quality living options.
Hammond (zip 46320) has an unemployment rate of 8.5%. The US average is 6.0%.
Hammond (zip 46320) has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Hammond (zip 46320)
- The Sales Tax Rate for Hammond (zip 46320) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hammond (zip 46320) 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 46320)
- The average income of a Hammond (zip 46320) resident is $19,608 a year. The US average is $37,638 a year.
- The Median household income of a Hammond (zip 46320) resident is $30,846 a year. The US average is $69,021 a year.