Cost of Living: Hoffman Estates, IL vs Elgin, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,227/mo in Hoffman Estates, IL versus $4,227/mo in Elgin, IL. In the model, rent is about 25.7% of gross in Hoffman Estates, IL versus 18.36% in Elgin, IL, so Elgin, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Hoffman Estates, IL and Elgin, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Elgin, IL
- Lower rent (median 1BR/2BR): Elgin, IL
- Lower home prices: Elgin, IL
- Higher median household income: Hoffman Estates, IL
Cost of Living Index
Hoffman Estates, IL: 100 (U.S. = 100) · Elgin, IL: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Hoffman Estates, IL: $1,676/mo (midpoint of 1BR/2BR) · Elgin, IL: $1,197/mo
Median rent in Hoffman Estates, IL is $479/mo higher than in Elgin, IL.
Median Home Price
Hoffman Estates, IL: $340,400 · Elgin, IL: $252,400
Median home price in Hoffman Estates, IL is $88,000 higher than in Elgin, IL.
Median Household Income
Hoffman Estates, IL: $109,683 · Elgin, IL: $88,316
Hoffman Estates, IL has a higher median household income than Elgin, IL by $21,367.
Hoffman Estates, IL overview · Elgin, IL overview · Popular comparisons