Lake County · Indiana · Midwest · 77k residents
Hammond, IN: economy, jobs & business costs
The site-selection read on Hammond: labor costs, talent, corporate tax, energy, and business activity, with the Indiana median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,200/wk. Indiana's corporate income tax rate is 4.9%. Commercial electricity averages 12.4¢/kWh.
Compare Hammond side by side
Avg. weekly wage
$1,200/wk
Corporate income tax
4.9%
Bachelor's degree or higher
17.4%
Commercial electricity
12.4¢/kWh
Economic momentum
How fast Hammond's economy is moving, ranked against the US cities we track.
47/100
Steady
Ranks Hammond's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $159,900 |
| Price per sq. ft. | $150 |
| Property tax rate | 0.83% |
| 1-bedroom rent | $897/mo |
| 2-bedroom rent | $1,157/mo |
| State & local income tax | 4.55% |
| Sales tax | 7% |
| Corporate income tax | 4.9% |
| Avg. weekly wage | $1,200/wk |
| Bachelor's degree or higher | 17.4% |
| Commercial electricity | 12.4¢/kWh |
| Businesses per 1k residents | 24.4/1k |
| Wage: Software developer | $134,380 |
| Wage: Registered nurse | $100,490 |
| Wage: General manager | $109,390 |
| Wage: Customer service | $47,100 |
| Wage: Warehouse worker | $38,450 |
| Wage: Heavy truck driver | $62,300 |
| Wage: Electrician | $102,350 |
| Wage: Retail salesperson | $35,820 |
| Cost of living index | 80 |
| Groceries index | 95 |
| Utilities | $165/mo |
| Transit pass | $60/mo |
| Gas price | $3.20/gal |
| Healthcare index | 95 |
| Childcare (per child) | $900/mo |
| Median household income | $55,504 |
| Unemployment rate | 3.6% |
| Population | 77k |
| Crime index | 45/100 |
| School rating | 5.8/10 |
| Walkability | 34/100 |
| Disaster risk | 96/100 |
| Avg. commute | 24 min |
| Sunny days / year | 190 days |
| July high | 84°F |
| January low | 15°F |
| Annual snowfall | 28 in |
| Home price YoY | +0.5% |
| Home price MoM | -0.2% |
| Rent YoY | +4.6% |
| Rent MoM | 0.0% |
| Employment (jobs) YoY | -0.1% |
| Building permits YoY | +11.1% |
| Ocean coast | 685 mi |
| Big lake | 11 mi |
| Mountains | 328 mi |
| Major airport | 18 mi |
| Ski resort | 215 mi |
Popular comparisons
Nearby
- East Chicago, IN · 26k
- Munster, IN · 24k
- Highland, IN · 24k
- Griffith, IN · 16k
- Dyer, IN · 16k
Similar size
- Bloomington, IN · 80k
- Noblesville, IN · 73k
- Lafayette, IN · 71k
- Gary, IN · 68k
- Greenwood, IN · 66k
Real listings in Hammond
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Hammond a good place to run a business?
- Indiana's corporate income tax rate is 4.9%; average weekly wages in the surrounding labor market run $1,200/wk; commercial electricity averages 12.4¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Hammond, IN?
- Hammond indexes at 80 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,157/mo and a acs median home value of $159,900.
- How much does a house cost in Hammond?
- The acs median home value in Hammond is $159,900 (Census ACS estimate; individual listings vary).
- How much is rent in Hammond?
- A two-bedroom in Hammond rents for about $1,157/mo.