What is the cost of living in Hammond, IN?
According to the most recent data on the cost of living, Hammond has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Indiana, Hammond has a cost of living index that's 1.0x lower than Indiana's index of 90.
The standard of living in Hammond ranks as #37 most affordable out of the 129 places we measured in Indiana. By definition, that implies Hammond ranks as the #92 most expensive place in the Hoosier State.
For more reading on life in Hammond, check out:
Hammond Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Hammond. Here is how it fares on each of the criteria:
The Services index in Hammond is 98.
The Groceries index in Hammond is 98.
The Health index in Hammond is 68.
The Housing index in Hammond is 97.
The Transportation index in Hammond is 96.
The Utilities index in Hammond is 90.
| Living Expense | Hammond | Indiana | National Average |
|---|---|---|---|
| Overall | 86 | 90 | 100 |
| Services | 98 | 97 | 100 |
| Groceries | 98 | 95 | 100 |
| Health | 68 | 72 | 100 |
| Housing | 97 | 98 | 100 |
| Transportation | 96 | 94 | 100 |
| Utilities | 90 | 96 | 100 |
Hammond Cost Of Living Compared To Indiana Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Indiana, check out:
Protect your home budget Compare home warranties in Hammond Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Hammond, IN Housing Cost Breakdown
Housing swings affordability the most between places in Indiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Hammond is $170,817.
The Median Rent in Hammond is $1,134.
The Median Income in Hammond is $55,504.
The Home Value To Income in Hammond is 3.1x.
The Rent To Monthly Income in Hammond is 0.25x.
Hammond, IN Costs By Category
Detailed Hammond Services costs vs. Indiana
Detailed Hammond Groceries costs vs. Indiana
Detailed Hammond Health costs vs. Indiana
Detailed Hammond Transportation costs vs. Indiana
Hammond SnackAbility
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:
Orland Park, IL has a cost of living index of 114, 1.3x Hammond.
Tinley Park, IL has a cost of living index of 111, 1.3x Hammond.
Lansing, IL has a cost of living index of 93, 1.1x Hammond.
| City | Population | Cost Of Living | Vs. Hammond |
|---|---|---|---|
| Orland Park, IL | 57,916 | 114 | 1.3x |
| Tinley Park, IL | 54,842 | 111 | 1.3x |
| Lansing, IL | 28,284 | 93 | 1.1x |
| Oak Forest, IL | 26,805 | 106 | 1.2x |
| East Chicago, IN | 26,022 | 84 | 1.0x |
| Munster, IN | 23,733 | 104 | 1.2x |
| South Holland, IL | 20,911 | 102 | 1.2x |
| Dolton, IL | 20,825 | 94 | 1.1x |
| Frankfort, IL | 20,651 | 130 | 1.5x |
| Palos Hills, IL | 18,081 | 105 | 1.2x |
