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Cost of Living in Hammond, LA

Population 21,539 · Census ACS 2020–2024 5-year estimates

Median rent$1,061
Median home value$221,400
Median household income$48,166

The median rent in Hammond, LA is $1,061/month, about the same as the Louisiana median and 25% lower than the U.S. median. The median home value is $221,400, 33% lower than the national median. Households earn a median of $48,166 a year, 21% lower than the state median.

Affordability

Rent as a share of median income: 26.4%
Income needed for median rent (30% rule): $42,440/yr
Home price-to-income ratio: 4.6×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,120/mo

Run your own numbers: mortgage calculator · hourly to salary

Hammond vs. Louisiana vs. U.S.

HammondLouisianaU.S.
Median rent$1,061$1,064$1,413
Median home value$221,400$216,500$332,700
Median household income$48,166$60,756$80,734
Homeownership rate46.0%67.4%65.2%
Bachelor's degree or higher27.7%27.0%35.7%
Poverty rate28.9%18.9%12.5%
Unemployment rate5.9%6.3%5.2%
Work from home7.6%8.1%15.1%
Median age27.738.038.9

FAQ

What is the average rent in Hammond, LA?

The median gross rent in Hammond, LA is $1,061 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Hammond, LA?

Using the common 30% rule, renting a median-priced home takes about $42,440 a year in gross income.

Is Hammond, LA expensive to live in?

Rent there is 25% lower than the U.S. median, and the median home costs about 4.6 times the median household income.

Other cities in Louisiana

New Orleans, LARent $1,251 · Income $56,631Baton Rouge, LARent $1,067 · Income $49,994Shreveport, LARent $987 · Income $48,699Metairie, LARent $1,175 · Income $73,042Lafayette, LARent $1,100 · Income $61,915Lake Charles, LARent $1,109 · Income $59,235

Cities with a similar cost of living

Harrisburg, PARent $1,062 · Income $48,099Syracuse, NYRent $1,039 · Income $47,819Pullman, WARent $1,062 · Income $46,812Del City, OKRent $1,054 · Income $46,925Huntsville, TXRent $1,035 · Income $47,529Rochester, NYRent $1,081 · Income $47,213

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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