Hammond, LA vs New Iberia, LA

New Iberia is moderately more affordable than Hammond, with a 10.6% lower cost of living index. Hammond scores 77 compared to 70 for New Iberia, 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 Hammond is $932/month compared to $878/month in New Iberia — a 6% difference. Home values follow the same pattern: New Iberia is more affordable at $150,300 median vs $219,400.

Median household income in Hammond is $41,222 compared to $50,802 in New Iberia (-18.9%). New Iberia offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hammond spend roughly 27.1% of their income on rent, more than the 20.7% in New Iberia.