Cost of Living: Hoffman Estates, IL vs New York, NY
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 $4,116/mo in New York, NY. In the model, rent is about 25.7% of gross in Hoffman Estates, IL versus 25.92% in New York, NY, so Hoffman Estates, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Hoffman Estates, IL and New York, NY.
At a glance
- Cheaper overall (lower cost-of-living index): Hoffman Estates, IL
- Lower rent (median 1BR/2BR): Hoffman Estates, IL
- Lower home prices: Hoffman Estates, IL
- Higher median household income: Hoffman Estates, IL
Cost of Living Index
Hoffman Estates, IL: 100 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)
Hoffman Estates, IL has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.
Median Rent
Hoffman Estates, IL: $1,676/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo
Median rent in New York, NY is $14/mo higher than in Hoffman Estates, IL.
Median Home Price
Hoffman Estates, IL: $340,400 · New York, NY: $751,700
Median home price in New York, NY is $411,300 higher than in Hoffman Estates, IL.
Median Household Income
Hoffman Estates, IL: $109,683 · New York, NY: $79,713
Hoffman Estates, IL has a higher median household income than New York, NY by $29,970.
Hoffman Estates, IL overview · New York, NY overview · Popular comparisons