Housing costs in Hoffman?
A typical home costs
$118,700, which is 64.9% less expensive than the national average of
$338,100 and 50.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Hoffman costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 46.5% cheaper than the state average of
$1,260.
Can I afford Hoffman?
To live comfortably in Hoffman, Illinois, a minimum annual income of
$22,680 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Hoffman?
Hoffman, IL is an affordable place to live with a low cost of living. The median home price in Hoffman is around $130,000, which is much lower than the national average. Additionally, monthly utility costs are low and rental rates remain reasonable. Overall, the cost of living in Hoffman is very attractive for those looking for a more affordable lifestyle.