Anderson, IN vs Hammond, IN

Anderson is moderately more affordable than Hammond, with a 14% lower cost of living index. Anderson scores 69 compared to 81 for Hammond, where the US average is 100. This difference means residents of Hammond can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Anderson is $909/month compared to $1,089/month in Hammond — a 17% difference. Home values follow the same pattern: Anderson is more affordable at $104,300 median vs $141,700.

Median household income in Anderson is $47,221 compared to $53,950 in Hammond (-12.5%). The higher salaries in Hammond partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Anderson spend roughly 23.1% of their income on rent, less than the 24.2% in Hammond.