Living in Hampshire, Illinois
Cost of living, income, home prices, rent and demographics of Hampshire · Census data 2020–2024
Hampshire has 8,524 residents with a median age of 36.3. The median household income is $94,773 (14% higher than the Illinois median), the median home value is $329,800, the median rent is $2,589/month.
Hampshire at a glance
- Population
- 8,524
- Median age
- 36.3State: 39
- Median household income
- $94,773State: $83,390
- Median home value
- $329,800State: $263,300
- Median rent
- $2,589/moState: $1,274
- Homeowners
- 83.3%
- Bachelor's degree or higher
- 28.6%
- Average commute
- 28 min
Is Hampshire a good place to live?
Pros: Median household income 14% higher than the Illinois median; unemployment of 2.5%; a poverty rate of 7.8%.
Cons: Home values 25% higher than the state median; an average commute of 28 minutes.
The weather is best in June to September.
Cost of living in Hampshire
Housing is the biggest part of the cost of living. In Hampshire the median home value is $329,800, about the same as the U.S. median. Renters pay a median of $2,589 per month, which is 36.5% of household income. Homeowners with a mortgage pay $2,526 a month in housing costs.
Hampshire median household income
The median household income in Hampshire is $94,773 and the income per person is $55,087. 7.8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Hampshire: homes for sale and rent
- Housing units
- 2,604
- Owner-occupied
- 83.3%
- Renter-occupied
- 16.7%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 2004
- Average household size
- 3.27
Hampshire demographics
- Population
- 8,524
- Median age
- 36.3
- Under 18
- 25.4%
- 65 and older
- 10.1%
- Households
- 2,604
- Foreign-born
- 11.7%
- Veterans
- 7%Adults 18+
Hispanic or Latino can be of any race. Population history of Hampshire ›
Education in Hampshire
28.6% of adults 25 and older in Hampshire have a bachelor's degree or higher (Illinois: 37.8%), and 3.4% have a graduate or professional degree.
Jobs and commute in Hampshire
- Unemployment rate
- 2.5%State: 5.8%
- Average commute
- 28 minState: 28 min
- Work from home
- 23.6%
- Drive alone
- 72.3%
- Public transit
- 0.4%
- Walk to work
- 0.9%
- Homes with broadband
- 86%
Hampshire vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hampshire | 8,524 | $94,773 | $329,800 | $2,589 |
| Pingree Grove | 10,914 | $114,294 | $320,800 | $3,501 |
| Huntley | 28,005 | $88,536 | $334,300 | $1,622 |
| Burlington | 425 | $84,219 | $296,200 | $1,517 |
| Gilberts | 8,606 | $146,333 | $347,300 | $1,901 |
| Union | 624 | $89,844 | $252,200 | $1,692 |
| West Dundee | 7,906 | $105,368 | $360,800 | $1,666 |
| Lakewood | 4,707 | $173,625 | $552,600 | — |
| Algonquin | 30,067 | $134,525 | $351,000 | $1,723 |
More for people moving to Hampshire
Hampshire ZIP code ›Weather and climate ›Living in Hampshire: FAQ
What is the median household income in Hampshire, IL?
The median household income in Hampshire is $94,773, 14% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hampshire?
The median home value in Hampshire is $329,800, compared with $263,300 in Illinois.
How much is rent in Hampshire?
The median gross rent in Hampshire is $2,589 per month, about 36.5% of household income.
Is Hampshire, IL a good place to live?
Pluses: median household income 14% higher than the Illinois median; unemployment of 2.5%; a poverty rate of 7.8%. Minuses: home values 25% higher than the state median; an average commute of 28 minutes.
What is the median age in Hampshire?
The median age in Hampshire is 36.3 years (Illinois: 39).
How long is the commute in Hampshire?
The average commute to work in Hampshire is 28 minutes; 23.6% of workers work from home.
What is the unemployment rate in Hampshire?
The unemployment rate in Hampshire is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hampshire?
28.6% of adults in Hampshire have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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