Goshen, IN vs Hammond, IN

Goshen, IN and Hammond, IN have a very similar cost of living, with only a 2.6% difference in their overall index. Goshen scores 78 while Hammond scores 81 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Goshen is $1,045/month compared to $1,089/month in Hammond — a 4% difference. Interestingly, home values tell a different story: while Goshen has cheaper rent, Hammond actually has lower median home values ($141,700 vs $175,200).

Median household income in Goshen is $55,436 compared to $53,950 in Hammond (+2.8%). Goshen offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Goshen spend roughly 22.6% of their income on rent, less than the 24.2% in Hammond.