Hammond, WI vs Lake Ivanhoe, WI

Lake Ivanhoe is moderately more affordable than Hammond, with a 6% lower cost of living index. Hammond scores 84 compared to 79 for Lake Ivanhoe, 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 $935/month compared to $1,050/month in Lake Ivanhoe — a 11% difference. Interestingly, home values tell a different story: while Hammond has cheaper rent, Lake Ivanhoe actually has lower median home values ($171,000 vs $232,700).

Median household income in Hammond is $82,159 compared to $82,963 in Lake Ivanhoe (-1%). Lake Ivanhoe 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 13.7% of their income on rent, less than the 15.2% in Lake Ivanhoe.