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 115, which is 1.1x higher than the national index of 100.
Compared to Illinois, Hampshire has a cost of living index that's 1.2x higher than Illinois's index of 98.
The standard of living in Hampshire ranks as #258 most affordable out of the 336 places we measured in Illinois. By definition, that implies Hampshire ranks as the #78 most expensive place in the Prairie State.
For more reading on life in Hampshire, check out:
Hampshire Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Hampshire. Here is how it fares on each of the criteria:
The Services index in Hampshire is 97.
The Groceries index in Hampshire is 102.
The Health index in Hampshire is 148.
The Housing index in Hampshire is 100.
The Transportation index in Hampshire is 101.
The Utilities index in Hampshire is 96.
| Living Expense | Hampshire | Illinois | National Average |
|---|---|---|---|
| Overall | 115 | 98 | 100 |
| Services | 97 | 99 | 100 |
| Groceries | 102 | 99 | 100 |
| Health | 148 | 96 | 100 |
| Housing | 100 | 101 | 100 |
| Transportation | 101 | 99 | 100 |
| Utilities | 96 | 101 | 100 |
Hampshire Cost Of Living Compared To Illinois Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Illinois, check out:
Protect your home budget Compare home warranties in Hampshire Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Hampshire is $407,966.
The Median Rent in Hampshire is $2,589.
The Median Income in Hampshire is $94,773.
The Home Value To Income in Hampshire is 4.3x.
The Rent To Monthly Income in Hampshire is 0.33x.
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
Hampshire SnackAbility
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, 1.0x Hampshire.
Bartlett, IL has a cost of living index of 119, 1.0x Hampshire.
Streamwood, IL has a cost of living index of 111, 1.0x Hampshire.
| City | Population | Cost Of Living | Vs. Hampshire |
|---|---|---|---|
| Hoffman Estates, IL | 51,175 | 118 | 1.0x |
| Bartlett, IL | 40,501 | 119 | 1.0x |
| Streamwood, IL | 39,001 | 111 | 1.0x |
| St. Charles, IL | 32,854 | 118 | 1.0x |
| Algonquin, IL | 30,067 | 117 | 1.0x |
| Lake in the Hills, IL | 28,800 | 113 | 1.0x |
| Huntley, IL | 28,005 | 111 | 1.0x |
| Geneva, IL | 21,258 | 126 | 1.1x |
| Cary, IL | 17,923 | 109 | 0.9x |
| Barrington, IL | 11,077 | 138 | 1.2x |
