salaryRent is lower than in 56% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.
How much money do I need?
To rent here comfortably, you should earn about $61,400 a year. That is $30 an hour at a full-time job.
Is rent cheaper than other Indiana cities?
No. Rent here is more expensive than in most of Indiana. It is number 104 of 132 cities from cheapest to most expensive.
How much do households earn in Hammond?
Share of households by yearly income. 13.4% of households earn $100,000 or more.
Rent by apartment size in Hammond
| Size | Hammond | U.S. average |
|---|---|---|
| Studio | $923 | $1,338 |
| 1 bedroom | $992 | $1,324 |
| 2 bedrooms | $1,280 | $1,509 |
| 3 bedrooms | $1,427 | $1,698 |
| 4 bedrooms | $1,787 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hammond overall?
Everyday prices in Indiana overall are 7% below the U.S. average (index 93.3, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hammond, so the Indiana figure is shown.
Taxes and bills in Hammond
Life in Hammond
Is it cheaper to rent or buy in Hammond?
Buying is cheaper month to month: about $426 a month less than renting.
Owning assumes a typical $159,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,990 for the down payment.
Frequently asked questions
What is the average rent in Hammond, IN?
Renting in Hammond costs a median of about $1,535 a month in 2026, including utilities. The Indiana median is $1,219.
How much do I need to make to live in Hammond?
To keep rent under 30% of income, you need about $61,400 a year, or $30 an hour at a full-time job.
Is Hammond cheap or expensive?
Hammond is rated Expensive: rent takes 30.8% of the typical household income of $59,861. It ranks 104th cheapest of 132 Indiana cities we track.
How much are property taxes in Hammond?
The median homeowner in Hammond pays $1,630 a year in property taxes, about 1.02% of the median home value.
Is Hammond more expensive than the national average?
Overall prices in Indiana are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Hammond?
The median home value in Hammond is $159,900, about 2.7 times the typical yearly household income.
76,768 people live in Hammond. Numbers are typical (middle) values.