Cost of Living in Hammond, LA
Housing
The housing market plays a significant role in determining the cost of living in Hammond, LA.
- Housing Index: 120.5 / 100
- Median Home Price is: $193,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
When considering a move to Hammond, LA, the housing index of 120.5 suggests a somewhat competitive market, with the median home price at 193000 potentially indicating stable property values. Average rents for a 2-bedroom apartment at 1200 and a house at 1280 demonstrate affordability compared to larger cities. Despite the index surpassing 100, indicating higher costs relative to the national average, the comparatively low home prices may reflect opportunities for first-time buyers. It's advisable to explore the local amenities and job market stability as part of your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hammond, LA.
- Electricity Price: $11.42 USD (median by state)
- Natural Gas Price: $19.48 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Hammond, LA could entail higher utility costs. Electricity costs sit at $11.42, while natural gas is priced at $19.48 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 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.