Hammond, IN vs Schererville, IN

There is a significant gap in the cost of living between these two cities. Hammond is 17.1% cheaper than Schererville. With a cost index of 81 vs 97, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hammond to Schererville should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hammond is $1,089/month compared to $1,224/month in Schererville — a 11% difference. Home values follow the same pattern: Hammond is more affordable at $141,700 median vs $294,600.

Median household income in Hammond is $53,950 compared to $86,020 in Schererville (-37.3%). While Schererville 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 17.1% in Schererville.