Cost of Living: Hoffman Estates, IL vs Santa Monica, CA
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 $3,974/mo in Santa Monica, CA. In the model, rent is about 25.7% of gross in Hoffman Estates, IL versus 34.06% in Santa Monica, CA, 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 Santa Monica, CA.
At a glance
- Cheaper overall (lower cost-of-living index): Santa Monica, CA
- Lower rent (median 1BR/2BR): Hoffman Estates, IL
- Lower home prices: Hoffman Estates, IL
- Higher median household income: Santa Monica, CA
Cost of Living Index
Hoffman Estates, IL: 100 (U.S. = 100) · Santa Monica, CA: 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) · Santa Monica, CA: $2,221/mo
Median rent in Santa Monica, CA is $545/mo higher than in Hoffman Estates, IL.
Median Home Price
Hoffman Estates, IL: $340,400 · Santa Monica, CA: $1,810,200
Median home price in Santa Monica, CA is $1,469,800 higher than in Hoffman Estates, IL.
Median Household Income
Hoffman Estates, IL: $109,683 · Santa Monica, CA: $109,739
Santa Monica, CA has a higher median household income than Hoffman Estates, IL by $56.
Hoffman Estates, IL overview · Santa Monica, CA overview · Popular comparisons