Cost of Living in Hammond, LA
2024 data from the Bureau of Economic Analysis
Cost Index
84.5
15.5% below avg
Housing Index
48.2
Median Income
$55,274
Median Rent
$930/mo
Cost Breakdown
Overall84.5 (-15.5%)
Housing48.2 (-51.8%)
Goods93.7 (-6.3%)
Utilities71.0 (-29.0%)
Other Services95.7 (-4.3%)
National average = 100
Income & Housing
Median Household Income
$55,274/year
Median Home Value
$193,300
Median Monthly Rent
$930/mo
Per Capita Income
$29,192/year
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Frequently Asked Questions
Is Hammond, LA expensive to live in?
Hammond, LA has a cost of living index of 84.5, which is 15.5% below the national average.
How much does housing cost in Hammond, LA?
Housing costs in Hammond, LA are indexed at 48.2 compared to the national average of 100. The median monthly rent is $930.
What is the average income in Hammond, LA?
The median household income in Hammond, LA is $55,274 per year.
What is the average home price in Hammond, LA?
The median home value in Hammond, LA is $193,300.