Hammond, LA Cost Of Living
Cost Of Living In Hammond, LA Summary
Cost of living in Hammond research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hammond is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Louisiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Hammond is 90, with 100 being the average.
The cost of living index in Hammond is 0.9x lower than the national average.
Hammond ranks as the #46 cheapest in Louisiana out of 109.
Hammond ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Hammond is $174,400.
The median income in Hammond is $37,302.
Table Of Contents
Hammond's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hammond, LA?
According to the most recent data on the cost of living, Hammond has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Louisiana, Hammond has a cost of living index that's 1.0x lower than Louisiana's index of 92.
The standard of living in Hammond ranks as #46 most affordable out of the 109 places we measured in Louisiana. By definition, that implies Hammond ranks as the #63 most expensive place in the Pelican State.
For more reading on life in Hammond, check out:
- Living In Hammond
- Hammond Crime Report
- Search Homes For Sale In Hammond, LA
In Louisiana
In America
Hammond Cost Of Living Vs. Louisiana
Six factors go into calculating the cost of living index in Hammond. Here is how it fairs on each of the criteria:
The Services index in Hammond is 95.
The Groceries index in Hammond is 98.
The Health index in Hammond is 95.
The Housing index in Hammond is 78.
The Transportation index in Hammond is 89.
The Utilities index in Hammond is 87.
| Living Expense | Hammond | Louisiana | National Average | |
|---|---|---|---|---|
| Overall | 90 | 92 | 100 | |
| Services | 95 | 96 | 100 | |
| Groceries | 98 | 96 | 100 | |
| Health | 95 | 99 | 100 | |
| Housing | 78 | 83 | 100 | |
| Transportation | 89 | 96 | 100 | |
| Utilities | 87 | 86 | 100 | |
Hammond, LA Housing Cost Breakdown
Housing swings affordability the most between places in Louisiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Hammond is $174,400.
The Median Rent in Hammond is $842.
The Median Income in Hammond is $37,302.
The Home Value To Income in Hammond is 4.7x.
The Rent To Monthly Income in Hammond is 0.27x.
| Statistic | Hammond | Louisiana | United States |
|---|---|---|---|
| Median Home Value | $174,400 | $174,000 | $244,900 |
| Median Rent | $842 | $923 | $1,163 |
| Median Income | $37,302 | $53,571 | $69,021 |
| Home Value To Income | 4.7x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.27x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Hammond, LA Costs By Category
Detailed Hammond Services Costs Vs. Louisiana
Detailed Hammond Groceries Costs Vs. Louisiana
Detailed Hammond Health Costs Vs. Louisiana
Detailed Hammond Transportation Costs Vs. Louisiana
Detailed Hammond Utilities Costs Vs. Louisiana
Hammond SnackAbility
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Cost Of Living In Cities Around Hammond
The cost of living varies in the cities and towns around Hammond. Here's a quick look at the cost of living in the most populous nearby places:
New Orleans, LA has a cost of living index of 100, 1.1x Hammond.
Baton Rouge, LA has a cost of living index of 95, 1.1x Hammond.
Metairie, LA has a cost of living index of 102, 1.1x Hammond.
| City | Population | Cost Of Living | Vs. Hammond |
|---|---|---|---|
| New Orleans, LA | 383,974 | 100 | 1.1x |
| Baton Rouge, LA | 225,539 | 95 | 1.1x |
| Metairie, LA | 140,590 | 102 | 1.1x |
| Kenner, LA | 66,411 | 99 | 1.1x |
| Marrero, LA | 31,928 | 90 | 1.0x |
| Chalmette, LA | 21,981 | 94 | 1.0x |
| Harvey, LA | 20,942 | 92 | 1.0x |
| Baker, LA | 12,736 | 90 | 1.0x |
| Bogalusa, LA | 10,921 | 82 | 0.9x |
| Westwego, LA | 8,538 | 90 | 1.0x |
