Hoffman Estates, IL
51,175Residents
$106,806Median household income
$1,734/moMedian gross rent
$351,900Median home value
39.2Median age
49%Adults with a bachelor’s degree or higher
74%Homes lived in by their owners
3.3×Home value to household income
Median rent takes about 19% of the median household income in Hoffman Estates.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $69,000 a year. In Illinois that leaves roughly $4,496 a month after tax. See the full paycheck breakdown for $70,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.