Hoffman Estates, IL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
118
Hoffman Estates's Overall Cost Of Living
1.2x
Higher Than The National Average
287 out of 338
In Illinois
4,687 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Hoffman Estates is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Hoffman Estates, IL?

According to the most recent data on the cost of living, Hoffman Estates has an overall cost of living index of 118 which is 1.2x higher than the national index of 100.

Compared to only Illinois, Hoffman Estates has a cost of living index that's 1.2x higher than Illinois's index of 98.

The standard of living in Hoffman Estates ranks as #4,689 most affordable out of the 6,418 places we measured in Illinois. By definition, that implies Hoffman Estates ranks as the #1,729 most expensive place in the Prairie State.

For more reading on life in Hoffman Estates, check out:

Hoffman Estates Cost Of Living Vs. Illinois

Living Expense Hoffman Estates Illinois National Average
Overall 118 98 100
Services 112 95 100
Groceries 105 97 100
Health 100 99 100
Housing 134 96 100
Transportation 115 105 100
Utilities 92 94 100
For more reading on cost of living around Illinois, check out:
Hoffman Estates Cost of Living Vs. IL

Hoffman Estates, IL Housing Cost Breakdown

Housing swings affordability the most between places in Illinois, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$286,600
Median Home Value
$1,417
Median Rent
$92,423
Median Income
Statistic Hoffman Estates Illinois United States
Median Home Value $286,600 $202,100 $229,800
Median Rent $1,417 $1,038 $1,096
Median Income $92,423 $68,428 $64,994
Home Value To Income 3.1x 3.0x 3.5x
Rent To Monthly Income 0.18x 0.18x 0.2x

Detailed Hoffman Estates Services Costs Vs. Illinois

Item Hoffman Estates Illinois
Shampoo $1.06 $1.06
Movie $14.85 $10.68
Bowling $15.76 $14.67

Detailed Hoffman Estates Groceries Costs Vs. Illinois

Item Hoffman Estates Illinois
Ground Beef $4.87 $4.22
Fried Chicken $1.99 $1.39
Milk $2.42 $2.05

Detailed Hoffman Estates Health Costs Vs. Illinois

Item Hoffman Estates Illinois
Haircut $27.76 $18.62
Beauty Salon $65.57 $39.05
Toothpaste $2.46 $2.34

Detailed Hoffman Estates Transportation Costs Vs. Illinois

Item Hoffman Estates Illinois
Potatoes $3.23 $3.29
Pizza $12.0 $10.62
Beer $8.61 $9.38
Optometrist $96.76 $108.57
Doctor $104.96 $116.17
Dentist $101.82 $99.13

Detailed Hoffman Estates Utilities Costs Vs. Illinois

Item Hoffman Estates Illinois
Gasoline $2.51 $2.22
Tire Balancing $56.85 $50.07
All Electricity $131.89 $167.67
Phone $203.16 $175.64

Hoffman Estates SnackAbility

7
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8.5
Affordability
8
Diversity
10
Safety
N/A
Amenities
9
Education
8.5
Commute
4

Cost Of Living In Cities Around Hoffman Estates

City Population Cost Of Living Vs. Hoffman Estates
Schaumburg, IL 73,392 117 1.0x
Palatine, IL 67,875 117 1.0x
Glenview, IL 47,218 147 1.2x
Elmhurst, IL 46,571 131 1.1x
Buffalo Grove, IL 40,804 121 1.0x
Streamwood, IL 39,917 112 0.9x
Hanover Park, IL 37,811 107 0.9x
Park Ridge, IL 37,431 131 1.1x
Northbrook, IL 33,216 156 1.3x
Highland Park, IL 29,596 152 1.3x

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