Hampshire, IL
Population 8,351 · Illinois
About Hampshire, IL
Hampshire is a small community in Illinois with a population of 8,351 residents. The median household income is $107,774 per year, which is above the national average. The median age in Hampshire is 37.4 years.
Housing in Hampshire has a median home value of $316,200 and median monthly rent of $2,356. Of the 2,598 total housing units, the majority are owner-occupied, with 2,073 owner-occupied and 525 renter-occupied units.
The unemployment rate in Hampshire is 1.8% and the poverty rate is 8.4%. 27.3% of residents hold a bachelor's degree or higher. The average commute time is 28.1 minutes.
Cost of Living in Hampshire, IL
Compared to national averages, Hampshire has a median household income of $107,774 (43% above the national median of $75,149). Home values average $316,200, which is 29% above the national median. Monthly rent at $2,356 is 103% above the US average of $1,163. Within Illinois, Hampshire's income is 44% above the state average of $75,072, and home values are 91% above the state median of $165,779.
Why Live in Hampshire, IL?
Hampshire offers a strong local economy with a median household income of $107,774, well above the national average, and a strong job market with an unemployment rate of just 1.8%, and a low poverty rate of 8.4%, better than the national average.
Hampshire has a population of 8,351 with a median age of 37.4 years. Compare Hampshire with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Hampshire
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Crete | 8,382 | $97,984 | $209,100 | Compare |
| Gilberts | 8,389 | $119,719 | $330,100 | Compare |
| Maryville | 8,280 | $100,813 | $253,100 | Compare |
| Long Grove | 8,266 | $235,368 | $746,700 | Compare |
| Rockton | 8,238 | $109,333 | $222,100 | Compare |
| Paris | 8,154 | $51,798 | $71,200 | Compare |
| Hillside | 8,133 | $70,772 | $233,800 | Compare |
| Harrisburg | 8,608 | $48,488 | $84,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Hampshire
What is the population of Hampshire, IL?
The population of Hampshire, IL is 8,351 according to the latest Census data.
What is the median household income in Hampshire?
The median household income in Hampshire, IL is $107,774 per year.
What is the median home value in Hampshire?
The median home value in Hampshire, IL is $316,200.
What is the average rent in Hampshire?
The median monthly rent in Hampshire, IL is $2,356.
What is the unemployment rate in Hampshire?
The unemployment rate in Hampshire, IL is 1.8%.