Housing costs in Hammond?
A typical home costs
$137,300, which is 59.4% less expensive than the national average of
$338,100 and 55.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hammond costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 29.2% cheaper than the state average of
$1,240.
Can I afford Hammond?
To live comfortably in Hammond, Minnesota, a minimum annual income of
$26,280 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Hammond?
The cost of living in Hammond, MN is relatively low compared to other cities. Housing prices are much more affordable than in most places in the United States, with a median home value of $143,800 according to BestPlaces. Prices for other expenses such as groceries and utilities are also lower than the national average. Additionally, there is no state income tax in Minnesota which helps keep living expenses down. All of these factors make Hammond an attractive and affordable place to live for many people.