Hampshire, IL Cost Of Living
Cost Of Living In Hampshire, IL Summary
Cost of living in Hampshire research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hampshire is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Hampshire is 110, with 100 being the average.
The cost of living index in Hampshire is 1.1x higher than the national average.
Hampshire ranks as the #214 cheapest in Illinois out of 336.
Hampshire ranks as the #3,657 cheapest out of 6,489 in the US.
The median home value in Hampshire is $397,958.
The median income in Hampshire is $107,774.
Table Of Contents
Hampshire's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Hampshire, IL?
According to the most recent data on the cost of living, Hampshire has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Illinois, Hampshire has a cost of living index that's 1.1x higher than Illinois's index of 97.
The standard of living in Hampshire ranks as #214 most affordable out of the 336 places we measured in Illinois. By definition, that implies Hampshire ranks as the #122 most expensive place in the Prairie State.
For more reading on life in Hampshire, check out:
In Illinois
In America
Hampshire Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Hampshire. Here is how it fairs on each of the criteria:
The Services index in Hampshire is 87.
The Groceries index in Hampshire is 98.
The Health index in Hampshire is 102.
The Housing index in Hampshire is 147.
The Transportation index in Hampshire is 112.
The Utilities index in Hampshire is 85.
| Living Expense | Hampshire | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 110 | 97 | 100 | |
| Services | 87 | 95 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 102 | 93 | 100 | |
| Housing | 147 | 95 | 100 | |
| Transportation | 112 | 102 | 100 | |
| Utilities | 85 | 91 | 100 | |
Hampshire, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Hampshire is $397,958.
The Median Rent in Hampshire is $2,356.
The Median Income in Hampshire is $107,774.
The Home Value To Income in Hampshire is 3.7x.
The Rent To Monthly Income in Hampshire is 0.26x.
Median Home Value
Median Rent
Median Income
Hampshire, IL Costs By Category
Detailed Hampshire Services Costs Vs. Illinois
Detailed Hampshire Groceries Costs Vs. Illinois
Detailed Hampshire Health Costs Vs. Illinois
Detailed Hampshire Transportation Costs Vs. Illinois
Detailed Hampshire Utilities Costs Vs. Illinois
Hampshire SnackAbility
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Cost Of Living In Cities Around Hampshire
The cost of living varies in the cities and towns around Hampshire. Here's a quick look at the cost of living in the most populous nearby places:
Hoffman Estates, IL has a cost of living index of 118, 1.1x Hampshire.
Bartlett, IL has a cost of living index of 122, 1.1x Hampshire.
Streamwood, IL has a cost of living index of 111, 1.0x Hampshire.
| City | Population | Cost Of Living | Vs. Hampshire |
|---|---|---|---|
| Hoffman Estates, IL | 51,186 | 118 | 1.1x |
| Bartlett, IL | 40,531 | 122 | 1.1x |
| Streamwood, IL | 39,055 | 111 | 1.0x |
| St. Charles, IL | 32,733 | 120 | 1.1x |
| Algonquin, IL | 29,904 | 110 | 1.0x |
| Lake in the Hills, IL | 28,853 | 104 | 0.9x |
| Huntley, IL | 27,859 | 107 | 1.0x |
| Geneva, IL | 21,299 | 126 | 1.1x |
| Cary, IL | 17,875 | 115 | 1.0x |
| Barrington, IL | 11,049 | 141 | 1.3x |
