2026 Compare Cities Economy:
Hoffman Estates, IL vs Homestead, FL

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Highlights
- Household income in Homestead, is 46% less than it is in Hoffman Estates and is 32% below the National Average.
- Hoffman Estates unemployment rate is 5.4%.
- Homestead unemployment rate is 8.7%.
 Hoffman Estates, ILHomestead, FLUnited States
 Unemployment Rate  Unlock8.7%6.0%
 Recent Job Growth  Unlock0.8%1.6%
 Future Job Growth27.1%  Unlock33.5%
 Sales Taxes10.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$41,166  Unlock$37,638
 Household Income  Unlock$52,334$69,021
 Family Median Income$107,736  Unlock$85,028
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 Est. Households By Income
 Hoffman Estates, ILHomestead, FLUnited States
 Income Less Than 15K  Unlock13.1%9.4%
 Income between 15K and 20K1.6%  Unlock3.8%
 Income between 20K and 30K  Unlock9.7%8.1%
 Income between 30K and 40K5.4%  Unlock8.0%
 Income between 40K and 50K  Unlock9.7%7.6%
 Income between 50K and 60K4.9%  Unlock7.2%
 Income between 60K and 75K  Unlock9.4%9.6%
 Income between 75K and 100K15.9%  Unlock12.8%
 Income between 100K and 150K  Unlock12.1%16.3%
 Income between 150K and 200K13.7%  Unlock7.8%
 Income greater than 200K  Unlock2.5%9.5%
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 Population By Occupation
 Hoffman Estates, ILHomestead, FLUnited States
 Management, business, finance20.4%  Unlock16.4%
 Engineering, computers, science  Unlock2.0%6.5%
 Community, social services1.1%  Unlock1.8%
 Legal  Unlock0.1%1.2%
 Education, library5.1%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock0.9%2.0%
 Healthcare practitioners and technology6.8%  Unlock6.2%
 Healthcare support  Unlock2.6%3.3%
 Firefighters, law enforcement1.3%  Unlock2.1%
 Food preparation, serving  Unlock5.4%5.4%
 Building maintenance2.4%  Unlock3.6%
 Personal care  Unlock2.9%2.6%
 Sales, office, administrative support22.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock6.0%0.6%
 Construction, extraction, maintenance/repair4.7%  Unlock8.1%
 Production, transportation, material moving  Unlock9.1%13.1%
Reviews for Hoffman Estates    3 Reviews

Over 16 years ago

Relative easy access and good services  More

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Hoffman Estates is a good place to live. The best thing is the job market and the availability of good paying jobs. In certain areas housing is reasonably priced for  More

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Over 18 years ago

Hoffman estates growing to greatness is it's motto and ambition. Home of Sears National Headquarters, as well as the newest indoor auditorium the Sears Center, Hoffman  More

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Reviews for Homestead    20 Reviews

I've lived in Homestead for about 12 years, and I can't wait to leave. It's a city full of poor people who can't afford to live in Miami by any stretch of the  More

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Over 8 years ago

It stinks with smelty Smokey air most evenings right in the heart of town. ATC’s run rampant. Police do nothing. Code enforcement is a laughable joke in most cases. You  More

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Over 8 years ago

My family has lived in Homestead for 4 years. Whatever you do make sure the area you rent/purchase is not within the limits of City of Homestead. Our electric bill is 4  More

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