Hammond, LA (70401) is an affordable place to live. The two bedroom rent in the area is only $960 as compared to the US average two bedroom rent of $1,430. Additionally, local groceries are cheaper than average with a grocery cost index of 96 versus 100 in the US. Not only is Hammond affordable but it also offers many exciting opportunities to explore. Popular attractions include Zemurray Park, which is a beautiful park perfect for jogging or a picnic; Tangipahoa African American Heritage Museum, which offers educational exhibits on African American history; and Louisiana Strawberry Festival that celebrates local strawberries and other fruits every year. There are also many great companies located in Hammond such as Southeastern Louisiana University, Starnet Communications and United Snacks Group Inc., making it a great place for work and leisure.
Hammond (zip 70401) has an unemployment rate of 7.4%. The US average is 6.0%.
Hammond (zip 70401) has seen the job market decrease by -2.5% 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 (zip 70401)
- The Sales Tax Rate for Hammond (zip 70401) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Hammond (zip 70401) 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 (zip 70401)
- The average income of a Hammond (zip 70401) resident is $28,250 a year. The US average is $37,638 a year.
- The Median household income of a Hammond (zip 70401) resident is $42,950 a year. The US average is $69,021 a year.