Cost of Living in Hoffman, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
98.5
100 = national avg
-1.5 vs national average
Living Wage (1 Adult)
$43,337
per year
Living Wage (Family of 4)
$102,433
per year
Cost Index by Category
Housing87.0
Food103.7
Transportation107.5
Healthcare103.0
Utilities99.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$995
per month
2 Bedroom
$1,218
per month
The overall cost of living index in Hoffman is 98.5, which is 1.5% below the national average. Housing costs are below the national average at an index of 87.0. A single adult needs to earn approximately $43,337 per year to cover basic expenses.