Hammond, IN vs Lawrence, IN

Hammond, IN and Lawrence, IN have a very similar cost of living, with only a 4.2% difference in their overall index. Hammond scores 81 while Lawrence scores 84 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 Hammond is $1,089/month compared to $1,084/month in Lawrence — a 1% difference. Interestingly, home values tell a different story: while Lawrence has cheaper rent, Hammond actually has lower median home values ($141,700 vs $220,400).

Median household income in Hammond is $53,950 compared to $73,455 in Lawrence (-26.6%). While Lawrence is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hammond spend roughly 24.2% of their income on rent, more than the 17.7% in Lawrence.