Hoffman Estates, IL Cost of Living


3 Reviews



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How much do I need to live in Hoffman Estates, Illinois?
$4,950 / month
for a family, 8.3% less expensive than the national average A total of $59,400 for the year for a family.
$5,367 / month
for a single person, 12.6% more expensive than the national average A total of $64,400 for the year for a single person.

Hoffman Estates cost of living score
105.7
More expensive
5.7% higher
than the US average
12.8% higher
than the Illinois average
Hoffman Estates, Illinois gets a BestPlaces Cost of Living score of 105.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.7% higher than the U.S. average and 12.8% higher than the average for Illinois.

Hoffman Estates, IL

Housing costs in Hoffman Estates?
A typical home costs $309,400, which is 8.5% less expensive than the national average of $338,100 and 28.0% more expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Hoffman Estates costs $1,840 per month, which is 28.7% more than the national average of $1,430 and 31.5% more than the state average of $1,260.

Can I afford Hoffman Estates?
To live comfortably in Hoffman Estates, Illinois, a minimum annual income of $59,400 for a family, and $64,400 for a single person is recommended.

What does A.I. say about Hoffman Estates?
Hoffman Estates, IL has an overall above average cost of living thanks largely in part to its high real estate values and tax rates when compared other places within Illinois and the nation as a whole but can vary depending on neighborhood so one must shop around if they want the best deal available during their search for a place to call home here too.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesHoffman EstatesIllinoisUnited States
    Unlock93.7100.0
  98.1  Unlock100.0
    Unlock96.9100.0
  106.1  Unlock100.0
    Unlock$241,700$338,100
  100.0  Unlock100.0
    Unlock106.2100.0
  140.3  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Hoffman Estates
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Over 15 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 17 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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