Housing costs in Hoffman Estates?
A typical home costs
$399,500, which is 18.2% more expensive than the national average of
$338,100 and 65.3% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Hoffman Estates costs
$2,180 per month, which is 73.0% more than the national average of
$1,260 and 35.8% more than the state average of
$1,400.
Can I afford Hoffman Estates?
To live comfortably in Hoffman Estates (zip 60192), Illinois, a minimum annual income of
$76,680 for a family, and
$76,000 for a single person is recommended.
What does A.I. say about Hoffman Estates?
The cost of living in 60192 Hoffman Estates, IL is quite reasonable overall. The median home value is around $257,300, which is slightly higher than the national average but still relatively affordable. Additionally, the cost of groceries and health care are slightly below the national average while utilities are right on par with other similarly situated areas. Renters can expect to pay an average of around $1,050 per month for a one-bedroom apartment. All in all, Hoffman Estates offers an excellent balance between affordability and quality of life.