Overall 16%
Goods & Services 13%
Housing 33%
Find Homes Find Rentals
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexHoffman EstatesIllinoisNational
Cost of living11697100
Goods & Services11396100
Health care9898100

Key findings

  • The cost of living in Hoffman Estates is 19% higher than the Illinois average
  • The cost of living in Hoffman Estates is 16% higher than the national average
  • Hoffman Estates housing is 33% higher than the national average
  • Illinois general sales tax is 23% higher than the national average
  • Illinois state income tax is 101% higher than the national average

Most Affordable Places to Live in and Around Hoffman Estates

See all the best places to live around Hoffman Estates

Compare Hoffman Estates, IL Cost of Living

      How would you rate the cost of living in Hoffman Estates?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Hoffman Estates?
      Write a review to give others more information about this area.
      See all Hoffman Estates poll results

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      A good indicator of the general affordability of housing in Hoffman Estates, IL, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Hoffman Estates, the median monthly income is $102,823 for those who own their own homes. Under the standard rule, that income level would allow for $2,399 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $57,823, per the median income in the area. That would allow for renters to spend up to $1,349 on monthly rental expenses.

      Illinois Sales Tax

      StateGeneral Sales TaxWith Max Surtax

      Illinois Income Tax

      StateIncome Tax (Low)Income Tax (High)

      Goods & Services

      ItemHoffman EstatesNational avg.Difference
      Haircut $34.95$20.2772.4%
      Beauty Salon $59.38$40.3947.0%
      Toothpaste $2.43$2.362.9%
      Shampoo $1.06$1.081.7%
      Movie $14.42$10.9931.3%
      Bowling $20.01$15.4929.2%


      ItemHoffman EstatesNational avg.Difference
      Ground Beef $5.23$4.3021.7%
      Fried Chicken $1.85$1.4031.9%
      Milk $2.26$2.202.6%
      Potatoes $2.75$3.2214.7%
      Pizza $13.02$10.7421.2%
      Beer $9.67$9.600.8%

      Health Care

      ItemHoffman EstatesNational avg.Difference
      Optometrist $97.30$109.7311.3%
      Doctor $105.52$118.3410.8%
      Dentist $102.17$100.941.2%
      Ibuprofen $9.99$9.930.6%
      Lipitor $494.12$469.535.2%


      ItemHoffman EstatesNational avg.Difference
      Home Price $252,600.00$184,700.0036.8%
      Avg. Mortgage Payment $1,777.54$1,229.6244.6%
      Apartment Rent $1,177.00$949.0024.0%


      ItemHoffman EstatesNational avg.Difference
      Gasoline $3.39$2.7124.9%
      Tire Balancing $57.48$51.8610.8%


      ItemHoffman EstatesNational avg.Difference
      All Electricity$129.38$170.8424.3%
      Phone $206.73$187.1810.4%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      CityPopulationCost of Living IndexNational Avg.
      Bellwood, IL19,146990.9%
      Stone Park, IL4,9361000.2%
      Northlake, IL12,3391022.1%
      Carpentersville, IL38,2751022.4%
      Hillside, IL8,1651022.5%
      Hoffman Estates, IL51,72711615.7%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Commerce City, CO51,7311098.7%
      Huntersville, NC51,70111110.5%
      Battle Creek, MI51,7637722.6%
      Minnetonka, MN51,65112019.6%
      Southaven, MS51,8168713.0%
      Hoffman Estates, IL51,72711615.7%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.