Living in Hoffman Estates, Illinois
Cost of living, income, home prices, rent and demographics of Hoffman Estates · Census data 2020–2024
Hoffman Estates has 51,175 residents with a median age of 39.2. The median household income is $106,806 (28% higher than the Illinois median), the median home value is $351,900, the median rent is $1,734/month.
Hoffman Estates at a glance
- Population
- 51,175
- Median age
- 39.2State: 39
- Median household income
- $106,806State: $83,390
- Median home value
- $351,900State: $263,300
- Median rent
- $1,734/moState: $1,274
- Homeowners
- 74.2%
- Bachelor's degree or higher
- 48.5%
- Average commute
- 29 min
Is Hoffman Estates a good place to live?
Pros: Median household income 28% higher than the Illinois median; unemployment of 4.2%; a poverty rate of 7.1%.
Cons: Home values 34% higher than the state median; an average commute of 29 minutes.
The weather is best in May–June and August–September.
Cost of living in Hoffman Estates
Housing is the biggest part of the cost of living. In Hoffman Estates the median home value is $351,900, 6% higher than the U.S. median. Renters pay a median of $1,734 per month, which is 29.6% of household income. Homeowners with a mortgage pay $2,268 a month in housing costs.
Hoffman Estates median household income
The median household income in Hoffman Estates is $106,806 and the income per person is $48,050. 7.1% of residents live below the poverty line (Illinois: 11.8%).
Housing in Hoffman Estates: homes for sale and rent
- Housing units
- 19,335
- Owner-occupied
- 74.2%
- Renter-occupied
- 25.8%
- Vacant
- 4.1%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.75
Hoffman Estates demographics
- Population
- 51,175
- Median age
- 39.2
- Under 18
- 24%
- 65 and older
- 15.9%
- Households
- 18,537
- Foreign-born
- 35.4%
- Veterans
- 3.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Hoffman Estates ›
Education in Hoffman Estates
48.5% of adults 25 and older in Hoffman Estates have a bachelor's degree or higher (Illinois: 37.8%), and 17.6% have a graduate or professional degree.
Jobs and commute in Hoffman Estates
- Unemployment rate
- 4.2%State: 5.8%
- Average commute
- 29 minState: 28 min
- Work from home
- 18.1%
- Drive alone
- 67.7%
- Public transit
- 2.1%
- Walk to work
- 1.3%
- Homes with broadband
- 95.8%
Hoffman Estates vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hoffman Estates | 51,175 | $106,806 | $351,900 | $1,734 |
| South Barrington | 5,021 | $221,575 | $908,300 | $2,200 |
| Streamwood | 39,001 | $101,218 | $271,200 | $1,809 |
| Schaumburg | 76,868 | $97,514 | $330,400 | $1,812 |
| Inverness | 7,275 | $207,434 | $715,600 | — |
| Hanover Park | 36,732 | $91,763 | $274,200 | $1,594 |
| East Dundee | 3,146 | $89,583 | $300,000 | $1,277 |
| Barrington Hills | 3,879 | $205,074 | $913,600 | $3,282 |
| Barrington | 11,077 | $147,989 | $582,500 | $1,500 |
More for people moving to Hoffman Estates
Hoffman Estates ZIP code ›Weather and climate ›Living in Hoffman Estates: FAQ
What is the median household income in Hoffman Estates, IL?
The median household income in Hoffman Estates is $106,806, 28% 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 Hoffman Estates?
The median home value in Hoffman Estates is $351,900, compared with $263,300 in Illinois.
How much is rent in Hoffman Estates?
The median gross rent in Hoffman Estates is $1,734 per month, about 29.6% of household income.
Is Hoffman Estates, IL a good place to live?
Pluses: median household income 28% higher than the Illinois median; unemployment of 4.2%; a poverty rate of 7.1%. Minuses: home values 34% higher than the state median; an average commute of 29 minutes.
What is the median age in Hoffman Estates?
The median age in Hoffman Estates is 39.2 years (Illinois: 39).
How long is the commute in Hoffman Estates?
The average commute to work in Hoffman Estates is 29 minutes; 18.1% of workers work from home.
What is the unemployment rate in Hoffman Estates?
The unemployment rate in Hoffman Estates is 4.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hoffman Estates?
48.5% of adults in Hoffman Estates 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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