Hammond has the 331st largest population in the United States. The population shrank by 4.0% from 2010 to 2015, which was slower than the national average. Hammond is part of the Chicago metro area. Unemployment in the Chicago area is 5%, which is higher than the national average, and is getting better. Chicago has the 3rd largest local economy in the US, and a low cost of living. The average pay for jobs in Hammond is above average at $52,480, and the median cost of a home in Hammond is $90,200, which is below the national average. 13% of workers in Hammond hold a bachelors degree or higher (above average), and 79% of workers have a high school degree (above average). Driving to work is especially common in Hammond. 85% of Hammond workers drive to work alone, 2% take public transit, 7% carpool, and 4% walk. People in Hammond spend an average of 26 minutes commuting to work, which is shorter than the national average of 26 minutes.