Cost of Living in Hoffman Estates, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
165.6
100 = national avg
+65.6 vs national average
Living Wage (1 Adult)
$72,877
per year
Living Wage (Family of 4)
$172,254
per year
Cost Index by Category
Housing209.1
Food133.8
Transportation135.4
Healthcare127.1
Utilities142.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,581
per month
2 Bedroom
$1,781
per month
The overall cost of living index in Hoffman Estates is 165.6, which is 65.6% above the national average. Housing costs are above the national average at an index of 209.1. A single adult needs to earn approximately $72,877 per year to cover basic expenses.