Living in Hopedale, Illinois
Cost of living, income, home prices, rent and demographics of Hopedale · Census data 2020–2024
Hopedale has 753 residents with a median age of 44.2. The median household income is $54,375 (35% lower than the Illinois median), the median home value is $144,700, the median rent is $897/month.
Hopedale is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Hopedale at a glance
- Population
- 753
- Median age
- 44.2State: 39
- Median household income
- $54,375State: $83,390
- Median home value
- $144,700State: $263,300
- Median rent
- $897/moState: $1,274
- Homeowners
- 64.3%
- Bachelor's degree or higher
- 22.7%
- Average commute
- 24 min
Is Hopedale a good place to live?
Pros: Home values 45% lower than the state median; an average commute of 24 minutes.
Cons: Median household income 35% lower than the Illinois median; unemployment of 6.3%; a poverty rate of 28.1%.
The weather is best in May–June and August–September.
Cost of living in Hopedale
Housing is the biggest part of the cost of living. In Hopedale the median home value is $144,700, 57% lower than the U.S. median. Renters pay a median of $897 per month, which is 32.5% of household income. Homeowners with a mortgage pay $1,410 a month in housing costs.
Hopedale median household income
The median household income in Hopedale is $54,375 and the income per person is $27,751. 28.1% of residents live below the poverty line (Illinois: 11.8%).
Housing in Hopedale: homes for sale and rent
- Housing units
- 334
- Owner-occupied
- 64.3%
- Renter-occupied
- 35.7%
- Vacant
- 11.1%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 2.08
Hopedale demographics
- Population
- 753
- Median age
- 44.2
- Under 18
- 19.4%
- 65 and older
- 27.9%
- Households
- 297
- Foreign-born
- 2.7%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Hopedale ›
Education in Hopedale
22.7% of adults 25 and older in Hopedale have a bachelor's degree or higher (Illinois: 37.8%), and 6.2% have a graduate or professional degree.
Jobs and commute in Hopedale
- Unemployment rate
- 6.3%State: 5.8%
- Average commute
- 24 minState: 28 min
- Work from home
- 6%
- Drive alone
- 83.9%
- Public transit
- 0.7%
- Walk to work
- 5.7%
- Homes with broadband
- 85.9%
Hopedale vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hopedale | 753 | $54,375 | $144,700 | $897 |
| Minier | 1,102 | $88,542 | $148,400 | $833 |
| Delavan | 1,489 | $62,841 | $123,600 | $876 |
| Tremont | 2,366 | $79,810 | $187,400 | $1,037 |
| Armington | 343 | $62,083 | $93,300 | $1,656 |
| Mackinaw | 1,979 | $67,292 | $158,300 | $835 |
| Emden | 387 | $69,167 | $113,400 | $889 |
| Heritage Lake | 1,522 | $133,048 | $207,300 | — |
| Stanford | 514 | $84,821 | $115,300 | $1,292 |
More for people moving to Hopedale
Hopedale ZIP code ›Weather and climate ›Living in Hopedale: FAQ
What is the median household income in Hopedale, IL?
The median household income in Hopedale is $54,375, 35% lower 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 Hopedale?
The median home value in Hopedale is $144,700, compared with $263,300 in Illinois.
How much is rent in Hopedale?
The median gross rent in Hopedale is $897 per month, about 32.5% of household income.
Is Hopedale, IL a good place to live?
Pluses: home values 45% lower than the state median; an average commute of 24 minutes. Minuses: median household income 35% lower than the Illinois median; unemployment of 6.3%; a poverty rate of 28.1%.
What is the median age in Hopedale?
The median age in Hopedale is 44.2 years (Illinois: 39).
How long is the commute in Hopedale?
The average commute to work in Hopedale is 24 minutes; 6% of workers work from home.
What is the unemployment rate in Hopedale?
The unemployment rate in Hopedale is 6.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hopedale?
22.7% of adults in Hopedale 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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