Hampshire, IL
Population 8,351 · Illinois
About Hampshire, IL
Hampshire is a small town located in Illinois with a population of 8,351 residents according to the latest US Census Bureau American Community Survey data. The median household income is $107,774 per year, which is 43% above the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Hampshire features a median home value of $316,200, which is 29% above the national median of $244,900. This positions Hampshire in a moderately priced market relative to the rest of the country. Median monthly rent is $2,356, 103% above the national average of $1,163/month. Of the 2,598 total housing units, 80% are owner-occupied (2,073 units) and 20% are renter-occupied (525 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hampshire shows an unemployment rate of 1.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hampshire have an average one-way commute time of 28.1 minutes.
Education & Demographics
27.3% of Hampshire residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 9.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 1.4% Asian residents, with 11.0% of the population being foreign-born.
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.
Compare Hampshire With Other Cities
Frequently Asked Questions about Hampshire
What is the population of Hampshire, IL?
The population of Hampshire, IL is 8,351 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Hampshire?
The median household income in Hampshire, IL is $107,774 per year, which is 43% above the national median of $75,149.
What is the median home value in Hampshire?
The median home value in Hampshire, IL is $316,200, which is 29% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hampshire?
The median monthly rent in Hampshire, IL is $2,356, which is 103% above the national average of $1,163/month.
What is the unemployment rate in Hampshire?
The unemployment rate in Hampshire, IL is 1.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hampshire, IL a good place to live?
Hampshire offers above-average incomes, a competitive housing market, and a strong job market. With a population of 8,351 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Hampshire, IL?
27.3% of residents in Hampshire aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hampshire?
Key cost-of-living indicators for Hampshire, IL: median home value is $316,200 (29% above national), median rent is $2,356/month, and median household income is $107,774. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hampshire?
The poverty rate in Hampshire, IL is 8.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hampshire, IL?
Hampshire's population is 9.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 1.4% Asian, and 0.1% two or more races. 11.0% of residents are foreign-born.