Elmwood, WI vs Hammond, WI

Elmwood is moderately more affordable than Hammond, with a 11.3% lower cost of living index. Elmwood scores 74 compared to 84 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 Elmwood is $804/month compared to $935/month in Hammond — a 14% difference. Home values follow the same pattern: Elmwood is more affordable at $165,000 median vs $232,700.

Median household income in Elmwood is $55,313 compared to $82,159 in Hammond (-32.7%). While Hammond is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elmwood spend roughly 17.4% of their income on rent, more than the 13.7% in Hammond.