Greenwood, IN vs Hammond, IN

Hammond is moderately more affordable than Greenwood, with a 13.6% lower cost of living index. Greenwood scores 91 compared to 81 for Hammond, where the US average is 100. This difference means residents of Greenwood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Greenwood is $1,252/month compared to $1,089/month in Hammond — a 15% difference. Home values follow the same pattern: Hammond is more affordable at $141,700 median vs $248,700.

Median household income in Greenwood is $78,765 compared to $53,950 in Hammond (+46%). While Greenwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Greenwood spend roughly 19.1% of their income on rent, less than the 24.2% in Hammond.