Cost of Living in Hammond, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
94.2
100 = national avg
-5.8 vs national average
Living Wage (1 Adult)
$41,463
per year
Living Wage (Family of 4)
$98,005
per year
Cost Index by Category
Housing99.8
Food91.2
Transportation96.5
Healthcare93.0
Utilities94.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,082
per month
2 Bedroom
$1,317
per month
The overall cost of living index in Hammond is 94.2, which is 5.8% below the national average. Housing costs are below the national average at an index of 99.8. A single adult needs to earn approximately $41,463 per year to cover basic expenses.