2026 Compare Cities Cost of Living:
Hoffman Estates, IL vs Lake Placid, FL

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Highlights
Is it cheaper to live in Lake Placid or is it cheaper to live in Hoffman Estates?
- Lake Placid is 21.5% less expensive than Hoffman Estates.

Which city has more affordable housing, Lake Placid or Hoffman Estates?
- Lake Placid housing costs are 37.9% less expensive than Hoffman Estates housing costs.

Is Health Care more affordable in Hoffman Estates or is Health Care more affordable in Lake Placid.
- Health related expenses are 20.8% more in Lake Placid.
 Hoffman Estates, ILLake Placid, FLUnited States
 Overall  Unlock83.0100
 Food & Groceries98.1  Unlock100
 Health  Unlock106.3100
 Housing106.1  Unlock100
 Median Home Cost  Unlock$248,500$338,100
 Utilities100  Unlock100
 Transportation  Unlock76.1100
 Miscellaneous140.3  Unlock100
100 = National Average (Below 100 means cheaper than the US average. Above 100 means more expensive.)
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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 Lake Placid    4 Reviews

So, I bought a house in Lake Placid about 7 months ago and so far I love it. Real Estate is very reasonable and plenty of properties to pick from. Seems like prices  More

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Your site states it is not a good time to buy a home in Lake Placid because home prices are down. Wouldn't that be the perfect time to  More

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Over 11 years ago

South Florida definitely has the best weather but that comes with a price. I'm retiring to the wide open spaces of Lake Placid. Cost of living is lower and home prices,  More

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