Hammond, LA

Very Low · 66

Louisiana · Population 20,790 · Updated March 2026

$932
Median Rent / Month
$41,222
Median Income
$219,400
Median Home Value
$891
Owner Costs / Month

Affordability

How far your income goes in Hammond

27.1%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Louisiana

State-level tax rates that affect your costs

4.25%
Income Tax (Top Rate)
4.45%
Sales Tax
0.55%
Property Tax Rate

Estimated Annual Costs

$11,184
Annual Rent
$1,752
State Income Tax
$1,207
Property Tax (est.)

Cost of Living Overview

Hammond is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 66 (where 100 equals the national median), Hammond residents can expect to pay median rent of $932/month while earning a median household income of $41,222/year.

The median home value in Hammond, LA is $219,400, with typical monthly owner costs around $891 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.1%, Hammond falls within the generally affordable range, though it's approaching the 30% burden threshold.

Louisiana has a moderate income tax rate of 4.25%. Combined with a 4.45% sales tax rate and 0.55% effective property tax rate, the overall tax environment is a factor in the total cost of living in Hammond.

Frequently Asked Questions

Common questions about living costs in Hammond

What is the cost of living in Hammond, LA?
The cost of living index in Hammond, LA is 66 (US average = 100). Median monthly rent is $932, median household income is $41,222/year, and the median home value is $219,400.
Is Hammond, LA affordable?
Yes, Hammond is more affordable than the national average with a cost index of 66. The rent-to-income ratio is 27.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Hammond, LA?
The median gross rent in Hammond, LA is $932 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,184.
What is the median household income in Hammond?
The median household income in Hammond, LA is $41,222 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Louisiana?
Louisiana has a top income tax rate of 4.25%, a sales tax of 4.45%, and an effective property tax rate of 0.55%.