Hoffman Estates, IL
Population 51,186 · Illinois
About Hoffman Estates, IL
Hoffman Estates is a mid-sized city located in Illinois with a population of 51,186 residents according to the latest US Census Bureau American Community Survey data. The median household income is $109,683 per year, which is 46% above the national median of $75,149. The median age of 38.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Hoffman Estates features a median home value of $340,400, which is 39% above the national median of $244,900. This positions Hoffman Estates in a moderately priced market relative to the rest of the country. Median monthly rent is $1,764, 52% above the national average of $1,163/month. Of the 19,526 total housing units, 74% are owner-occupied (13,814 units) and 26% are renter-occupied (4,794 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hoffman Estates shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hoffman Estates have an average one-way commute time of 30 minutes.
Education & Demographics
46.9% of Hoffman Estates residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 13.7% White, 1.7% Hispanic or Latino, 1.4% Black or African American, and 3.9% Asian residents, with 34.0% of the population being foreign-born.
How Hoffman Estates Ranks in Illinois
Cost of Living in Hoffman Estates, IL
Compared to national averages, Hoffman Estates has a median household income of $109,683 (46% above the national median of $75,149). Home values average $340,400, which is 39% above the national median. Monthly rent at $1,764 is 52% above the US average of $1,163. Within Illinois, Hoffman Estates's income is 46% above the state average of $75,072, and home values are 105% above the state median of $165,779.
Why Live in Hoffman Estates, IL?
Hoffman Estates offers a strong local economy with a median household income of $109,683, well above the national average, and a strong job market with an unemployment rate of just 3.6%, and a well-educated community where 46.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.3%, better than the national average.
Hoffman Estates has a population of 51,186 with a median age of 38.9 years. Compare Hoffman Estates with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Hoffman Estates
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Downers Grove | 49,867 | $119,649 | $439,000 | Compare |
| Normal | 52,908 | $66,350 | $199,900 | Compare |
| Oak Park | 53,315 | $108,026 | $456,300 | Compare |
| Wheaton | 53,453 | $119,566 | $447,700 | Compare |
| Glenview | 47,682 | $138,758 | $598,800 | Compare |
| Tinley Park | 55,007 | $103,819 | $289,000 | Compare |
| Mount Prospect | 55,648 | $103,911 | $377,000 | Compare |
| Berwyn | 55,888 | $75,235 | $286,000 | 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 Hoffman Estates With Other Cities
Frequently Asked Questions about Hoffman Estates
What is the population of Hoffman Estates, IL?
The population of Hoffman Estates, IL is 51,186 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Illinois.
What is the median household income in Hoffman Estates?
The median household income in Hoffman Estates, IL is $109,683 per year, which is 46% above the national median of $75,149.
What is the median home value in Hoffman Estates?
The median home value in Hoffman Estates, IL is $340,400, which is 39% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hoffman Estates?
The median monthly rent in Hoffman Estates, IL is $1,764, which is 52% above the national average of $1,163/month.
What is the unemployment rate in Hoffman Estates?
The unemployment rate in Hoffman Estates, IL is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hoffman Estates, IL a good place to live?
Hoffman Estates offers above-average incomes, a competitive housing market, and a strong job market. With a population of 51,186 and a median age of 38.9, the city appeals to a broad range of residents.
How educated is Hoffman Estates, IL?
46.9% of residents in Hoffman Estates aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Hoffman Estates?
Key cost-of-living indicators for Hoffman Estates, IL: median home value is $340,400 (39% above national), median rent is $1,764/month, and median household income is $109,683. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hoffman Estates?
The poverty rate in Hoffman Estates, IL is 5.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hoffman Estates, IL?
Hoffman Estates's population is 13.7% White, 1.7% Hispanic or Latino, 1.4% Black or African American, 3.9% Asian, and 5.0% two or more races. 34.0% of residents are foreign-born.