Housing costs in Hoffman?
A typical home costs
$112,300, which is 66.8% less expensive than the national average of
$338,100 and 53.5% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Hoffman costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 43.2% cheaper than the state average of
$1,260.
Can I afford Hoffman?
To live comfortably in Hoffman (zip 62250), Illinois, a minimum annual income of
$21,600 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Hoffman?
The cost of living in Hoffman, IL 62250 is quite reasonable. The average rent for a one bedroom apartment is around $600 per month and the median home price is approximately $110,000. The cost of food and groceries are also quite reasonable and there are plenty of affordable restaurants to choose from. Additionally, utilities such as gas and electricity costs remain low, keeping your monthly bills down. Overall, the cost of living in Hoffman is quite affordable which makes it an ideal location for individuals who are looking for an affordable place to live.