Hammond, Indiana Income Statistics
Hammond Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Hammond Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hammond | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,237 | $71,967 | $80,455 |
| Median Personal Income | $46,774 | $55,757 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.5% | 4.8% |
| Six-Figure Earners | 4.8% | 10.2% | 13.9% |
| $200k+ Households | 3.1% | 8.2% | 13.2% |
The median household income in Hammond is about 22% lower than in Indiana. Income has been growing slower in Hammond (3.8%/yr) than in Indiana (4.5%/yr).
About 5% of adults in Hammond earn six figures ($100,000 or more) a year, lower than the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Hammond, Indiana grew by 46.9% from 2009 to 2024, reaching $56,237 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Hammond
| Metric | Hammond | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.546 | 0.534 | 0.552 |
| Male Median Income | $54,153 | $65,086 | $69,667 |
| Female Median Income | $43,077 | $51,220 | $56,850 |
| Gender Pay Gap | 20.5% | 21.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Hammond, it is 0.546, higher than Indiana's 0.534, so income is less evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 26% more than women's income in Hammond, Indiana. Over a 35-year career, a 26% wage gap accumulates to roughly $387,660 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hammond, Indiana has narrowed from about 27% to 20% in 2024. Over that period the gap was narrowest at 18% in 2015. In dollar terms, the gap has widened by $265 since 2009.
Employment
| Metric | Hammond | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.5% | 4.3% | 5.2% |
| Working from Home | 6.9% | 10.7% | 15.0% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 2,395 people are unemployed in Hammond, Indiana.
The average commute time in Hammond is 22 minutes, longer than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hammond, Indiana has fallen from 12.1% to 6.5% in 2024. Over that period the rate peaked at 13.7% in 2014 and fell as low as 6.4% in 2022.
Hammond, IN Wealth Compared With Nearby Cities
Hammond, IN is the largest of the 4 cities compared here, 76,072 residents against a local median of 24,991. The measure that sets Hammond, IN apart most is income growth: 3.8%/yr, 28% below the local median of 5.2%/yr. That is the weaker end of the local range on this measure.
Unemployment tells the same story from another angle: 6.5% against a local median of 7.7%, 16% below it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while income growth runs behind it, so Hammond, IN is trading one against the other rather than simply out-performing what surrounds it. The cities themselves spread 1.5%/yr on income growth, so Hammond, IN sits at one end of an already wide local range rather than apart from it. Hammond, IN has the 4th highest income growth of the 4 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Hammond, IN | 76,072 | $56,237 #3/4 | 3.8%/yr #4/4 | 6.5% #2/4 | 0.546 #1/4 |
| East Chicago, IN | 24,991 | $42,351 | 5.2%/yr | 7.7% | 0.551 |
| Calumet City, IL | 34,245 | $57,106 | 3.9%/yr | 10.7% | 0.552 |
| Munster, IN | 23,727 | $109,767 | 5.4%/yr | 5.5% | 0.546 |
Conclusion
Considering all these factors, Hammond, Indiana has an overall wealth index grade of D, making it somewhat worse than Indiana, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hammond, Indiana.
How Rich Is Hammond, Indiana?
Hammond has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $56,237, about 22% lower than the Indiana average of $71,967.
How fast is household income rising in Hammond, Indiana?
Between 2009 and 2024, the median household income in Hammond, Indiana rose 47%, from $38,285 to $56,237. Over the same years, income here lagged behind Indiana as a whole: +47% against +52%.
What was the median household income in Hammond in 2023?
In 2023, the median household income in Hammond, Indiana was $54,815, up 5% from $52,454 in 2022. The Indiana median that year was $70,115.
What was the median household income in Hammond in 2020?
In 2020, the median household income in Hammond, Indiana was $47,226. By 2024 it had risen 19% to $56,237.
Is unemployment high in Hammond, Indiana?
Unemployment in Hammond, Indiana is 6.5%, well above the Indiana rate of 4.3%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Hammond, Indiana?
The Gini coefficient in Hammond is 0.546. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Hammond, Indiana?
Since 2009, the income gap between men and women in Hammond, Indiana has narrowed from about 27% to 20% in 2024. Over that period the gap was narrowest at 18% in 2015. In dollar terms, the gap has widened by $265 since 2009.
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