Cost of Living in Hoffman Estates, Illinois
Hoffman Estates has a population of about 51,175. The median household income is $106,806, median gross rent is $1,734/month, and the median home value is $351,900. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Hoffman Estates expensive to live in?
Compared with the national median in this dataset, rent in Hoffman Estates is 5% above the national median and home values are 6% below the national median. Household income here is 27% above the national median. Monthly rent represents roughly 19% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Hoffman Estates?
The median gross rent in Hoffman Estates, Illinois is $1,734 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Hoffman Estates?
The median owner-occupied home value in Hoffman Estates is $351,900 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Hoffman Estates?
The median household income in Hoffman Estates is $106,806 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.