Cost of living in Hoffman Estates
Hoffman Estates, located in Illinois, is a suburban community known for its family-friendly environment and proximity to Chicago. Understanding the cost of living in Hoffman Estates is crucial for potential residents and those considering relocation.
This guide provides a detailed breakdown of expenses, including housing, transportation, groceries, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant typically costs around $20.
- Mid-Range Restaurant (Three-Course Meal for Two) - Dining at a mid-range restaurant for two people costs approximately $80.
- Fast Food (e.g., McDonald's) - A combo meal at a fast-food restaurant averages $12.
Grocery Prices
- Milk - Milk is priced at $0.55 per liter.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs $5.5.
- Eggs (Dozen) - A dozen eggs are priced at $4.59.
- Local Cheese (1kg) - Local cheese costs $13.21 per kg.
- Chicken Fillets (1kg) - Chicken fillets are priced at $13.21 per kg.
- Fruits (e.g., Apples, Oranges) - Apples and oranges both cost $5.27 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced at $5.27 per kg, and lettuce costs $1.99 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $2.5.
- Fuel (Gasoline) - Gasoline is priced at $1.16 per liter.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre is approximately $2300.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent for a 1-bedroom apartment is around $1800.
Utilities
- Internet - Internet services cost about $60 per month.
- Mobile Phone Plan - A mobile phone plan with calls and 10GB+ data costs $49 monthly.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Hoffman Estates offers a suburban lifestyle with relatively high housing costs, especially for city centre apartments.
Grocery prices are moderate, with essentials like milk and bread being affordable.
Transportation costs are reasonable, with affordable public transport and gasoline prices.
Utilities, including internet and mobile plans, are competitively priced, making it easier to manage monthly expenses.
Conclusion
In conclusion, Hoffman Estates presents a balanced cost of living with higher housing expenses but manageable costs in other areas such as groceries and transportation.
Potential residents should consider their housing needs and budget accordingly, while also taking advantage of the affordable transportation and utility options available.