Hammond, IL
Population 602 · Illinois
About Hammond, IL
Hammond is a small community located in Illinois with a population of 602 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,571 per year, which is 2% below the national median of $75,149. The median age of 33.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Hammond features a median home value of $104,700, which is 57% below the national median of $244,900. This makes Hammond one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $608, 48% below the national average of $1,163/month. Of the 297 total housing units, 86% are owner-occupied (225 units) and 14% are renter-occupied (37 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hammond shows an unemployment rate of 19.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 3.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hammond have an average one-way commute time of 38 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
22.9% of Hammond residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.5% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.2% of the population being foreign-born.
Cost of Living in Hammond, IL
Compared to national averages, Hammond has a median household income of $73,571 (2% below the national median of $75,149). Home values average $104,700, which is 57% below the national median. Monthly rent at $608 is 48% below the US average of $1,163. Within Illinois, Hammond's income is 2% below the state average of $75,072, and home values are 37% below the state median of $165,779.
Why Live in Hammond, IL?
Hammond offers affordable housing with a median home value of $104,700, below the US average of $244,900, and rent that’s lower than the national average at $608/month, and a low poverty rate of 3.8%, better than the national average.
Potential considerations include median household income ($73,571) that falls below the national average. However, Hammond’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hammond has a population of 602 with a median age of 33.4 years. Compare Hammond with other cities to see how it stacks up, or explore all cities in Illinois.
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Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Hammond
What is the population of Hammond, IL?
The population of Hammond, IL is 602 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Hammond?
The median household income in Hammond, IL is $73,571 per year, which is 2% below the national median of $75,149.
What is the median home value in Hammond?
The median home value in Hammond, IL is $104,700, which is 57% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hammond?
The median monthly rent in Hammond, IL is $608, which is 48% below the national average of $1,163/month.
What is the unemployment rate in Hammond?
The unemployment rate in Hammond, IL is 19.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hammond, IL a good place to live?
Hammond offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 602 and a median age of 33.4, the city appeals to young professionals and families.
How educated is Hammond, IL?
22.9% of residents in Hammond aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hammond?
Key cost-of-living indicators for Hammond, IL: median home value is $104,700 (57% below national), median rent is $608/month, and median household income is $73,571. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hammond?
The poverty rate in Hammond, IL is 3.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hammond, IL?
Hammond's population is 0.5% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.2% of residents are foreign-born.