Housing costs in Hoffman Estates?
A typical home costs
$277,700, which is 17.9% less expensive than the national average of
$338,100 and 14.9% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Hoffman Estates costs
$1,620 per month, which is 28.6% more than the national average of
$1,260 and 13.6% more than the state average of
$1,400.
Can I afford Hoffman Estates?
To live comfortably in Hoffman Estates (zip 60169), Illinois, a minimum annual income of
$53,280 for a family, and
$56,800 for a single person is recommended.
What does A.I. say about Hoffman Estates?
The cost of living in 60169 Hoffman Estates, IL is relatively high compared to the national average. The median household income for this area is approximately $90,000 and the median home value is around $280,000. Additionally, the average rent for a one bedroom apartment is just over $1,100 per month. While these costs may be higher than other areas of the country, they are still quite affordable in comparison to many major metropolitan areas. Groceries and other essentials tend to remain at or below the national average as well. Overall, living in the Hoffman Estates area can be an expensive proposition but it can also be very rewarding.