Cost of Living: Hoffman Estates, IL vs Phoenix, AZ
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 $4,370/mo in Phoenix, AZ. In the model, rent is about 25.7% of gross in Hoffman Estates, IL versus 21.24% in Phoenix, AZ, so Phoenix, AZ tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Hoffman Estates, IL and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Hoffman Estates, IL
- Lower rent (median 1BR/2BR): Phoenix, AZ
- Lower home prices: Hoffman Estates, IL
- Higher median household income: Hoffman Estates, IL
Cost of Living Index
Hoffman Estates, IL: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Hoffman Estates, IL has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Hoffman Estates, IL: $1,676/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Hoffman Estates, IL is $291/mo higher than in Phoenix, AZ.
Median Home Price
Hoffman Estates, IL: $340,400 · Phoenix, AZ: $381,900
Median home price in Phoenix, AZ is $41,500 higher than in Hoffman Estates, IL.
Median Household Income
Hoffman Estates, IL: $109,683 · Phoenix, AZ: $77,041
Hoffman Estates, IL has a higher median household income than Phoenix, AZ by $32,642.
Hoffman Estates, IL overview · Phoenix, AZ overview · Popular comparisons