Cost of Living in Hammond, IL
Housing
The housing market plays a significant role in determining the cost of living in Hammond, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $208,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Considering a move to Hammond, IL? The housing index stands at 101.8, indicating affordability compared to the national average. With a median home price of 208000, homeownership remains within reach for many. Renting options are varied; the average rent for a 2-bedroom apartment is 1707, while a 2-bedroom house averages 1855. Relocation here could mean a balanced cost of living and quality lifestyle. Research surrounding schools and local amenities should further guide your decision to make Hammond your new home!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hammond, IL.
- Electricity Price: $16.15 USD (median by state)
- Natural Gas Price: $16.59 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $244 per month
Living in Hammond, IL could entail higher utility costs. Electricity costs sit at $16.15, while natural gas is priced at $16.59 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $244 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Hammond is a financially viable option for your relocation.