Hammond cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexHammondLouisianaNational
Cost of living index9391100
IndexHammondLouisianaNational
Goods & Services index9797100
Groceries index9697100
Health care index9995100
Housing index8582100
Transportation index9294100
Utilities index9888100
The above illustration supplies generalized information for the Hammond, LA cost of living index. Compared to other cities in Louisiana and cities across the country, the cost of living index in Hammond, LA is 93, which is 2% higher than the Louisiana average and 7% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Hammond, LA are equal to the average for Louisiana and 3% lower than the rest of the country.

Did you know?

  • The cost of living in Hammond is 2% higher than the Louisiana average.
  • The cost of living in Hammond is 7% lower than the national average.
  • The cost of housing in Hammond is 15% lower than the national average.
  • Louisiana general sales tax is 21% lower than the national average.
  • Louisiana state income tax is 10% lower than the national average.

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Compare Hammond, LA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Hammond, LA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Hammond, LA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Hammond, LA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$57,838$4,820$1,349$1,735
Renters$22,528$1,877$526$676
If you want to find a good determining factor for the cost of living and the general affordability of housing in Hammond, LA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Hammond, LA, the median monthly income is $57,838 for those who own their own homes. Under the standard rule, that income level would allow for $1,349 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $22,528, per the median income in the area. That would allow for renters to spend up to $526 on monthly rental expenses.

Louisiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Louisiana4%11%

Louisiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Louisiana2%6%
When assessing the complete cost of living in Hammond, LA, the Louisiana income tax and the Louisiana sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Louisiana maximum surtax is 11%, and the Louisiana sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 6% in Louisiana.

Goods & Services

ItemHammondNational avg.Difference
Haircut $13.75$14.595.8%
Beauty Salon $37.17$34.687.2%
Toothpaste $2.28$2.477.8%
Shampoo $1.08$1.025.7%
Movie $10.50$9.876.4%
Bowling $3.95$4.3910.1%

Groceries

ItemHammondNational avg.Difference
Ground Beef $4.37$4.482.4%
Fried Chicken $1.29$1.4611.9%
Milk $2.61$2.3610.7%
Potatoes $2.98$3.062.7%
Pizza $8.49$9.248.1%
Beer $7.96$8.637.8%

Health Care

ItemHammondNational avg.Difference
Optometrist $97.00$99.782.8%
Doctor $96.50$105.038.1%
Dentist $86.00$88.703.0%
Ibuprofen $10.44$9.4110.9%
Lipitor $314.93$298.505.5%

Housing

ItemHammondNational avg.Difference
Home Price $152,800.00$175,700.0013.0%
Avg. Mortgage Payment $802.76$1,081.0325.7%
Apartment Rent $751.00$920.0018.4%

Transportation

ItemHammondNational avg.Difference
Gasoline $1.95$2.096.9%
Tire Balancing $39.92$45.2911.8%

Utilities

ItemHammondNational avg.Difference
All Electricity$154.94$170.809.3%
Phone $30.76$28.268.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Montpelier, LA24977-23%
Springfield, LA42683-17%
Tickfaw, LA79085-15%
Natalbany, LA2,90085-15%
Independence, LA1,91390-10%
Hammond, LA20,20793-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Naples, FL20,21416868%
Union City, GA20,20091-9%
Oxford, MS20,20096-4%
Marina, CA20,19813030%
Trussville, AL20,2291088%
Hammond, LA20,20793-7%
Source: The Hammond, LA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.