Hampshire, IL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Hampshire, IL Summary

Cost of living in Hampshire research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hampshire is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Hampshire is 105, with 100 being the average.

  • The cost of living index in Hampshire is 1.1x higher than the national average.

  • Hampshire ranks as the #204 cheapest in Illinois out of 338.

  • Hampshire ranks as the #3,676 cheapest out of 6,412 in the US.

  • The median home value in Hampshire is $289,800.

  • The median income in Hampshire is $97,927.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
105
Hampshire's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Hampshire, IL?

According to the most recent data on the cost of living, Hampshire has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.

Compared to Illinois, Hampshire has a cost of living index that's 1.1x higher than Illinois's index of 92.

The standard of living in Hampshire ranks as #204 most affordable out of the 338 places we measured in Illinois. By definition, that implies Hampshire ranks as the #134 most expensive place in the Prairie State.

For more reading on life in Hampshire, check out:

204 out of 338
In Illinois
3,676 out of 6,412
In America

Hampshire Cost Of Living Vs. Illinois

Six factors go into calculating the cost of living index in Hampshire. Here is how it fairs on each of the criteria:

  • The Services index in Hampshire is 98.

  • The Groceries index in Hampshire is 95.

  • The Health index in Hampshire is 110.

  • The Housing index in Hampshire is 114.

  • The Transportation index in Hampshire is 105.

  • The Utilities index in Hampshire is 89.

Living Expense Hampshire Illinois National Average
Overall 105 92 100
Services 98 95 100
Groceries 95 98 100
Health 110 96 100
Housing 114 81 100
Transportation 105 105 100
Utilities 89 90 100
For more reading on cost of living around Illinois, check out:
Hampshire Cost of Living Vs. IL

Hampshire, IL Housing Cost Breakdown

Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Hampshire is $289,800.

  • The Median Rent in Hampshire is $1,579.

  • The Median Income in Hampshire is $97,927.

  • The Home Value To Income in Hampshire is 3.0x.

  • The Rent To Monthly Income in Hampshire is 0.19x.

Statistic Hampshire Illinois United States
Median Home Value $289,800 $212,600 $244,900
Median Rent $1,579 $1,097 $1,163
Median Income $97,927 $72,563 $69,021
Home Value To Income 3.0x 2.9x 3.5x
Rent To Monthly Income 0.19x 0.18x 0.2x
Search Homes For Sale In Hampshire, IL
$289,800
Median Home Value
$1,579
Median Rent
$97,927
Median Income

Hampshire, IL Costs By Category

Detailed Hampshire Services Costs Vs. Illinois

Item Hampshire Illinois
Shampoo $1.0 $1.06
Movie $11.76 $10.68
Bowling $12.42 $14.67
Haircut $15.8 $18.62
Beauty Salon $32.1 $39.05

Detailed Hampshire Groceries Costs Vs. Illinois

Item Hampshire Illinois
Ground Beef $3.88 $4.22
Fried Chicken $1.49 $1.39
Milk $1.57 $2.05
Potatoes $3.35 $3.29
Pizza $10.49 $10.62
Beer $8.17 $9.38
Toothpaste $2.31 $2.34

Detailed Hampshire Health Costs Vs. Illinois

Item Hampshire Illinois
Optometrist $73.81 $108.57
Doctor $162.33 $116.17
Dentist $102.11 $99.13

Detailed Hampshire Transportation Costs Vs. Illinois

Item Hampshire Illinois
Gasoline $2.39 $2.22
Tire Balancing $50.79 $50.07

Detailed Hampshire Utilities Costs Vs. Illinois

Item Hampshire Illinois
All Electricity $130.38 $167.67
Phone $191.29 $175.64

Hampshire SnackAbility

8.5
/10
Overall SnackAbility
Jobs
9/10
Housing
8.5
Affordability
8
Diversity
5
Safety
9
Amenities
6
Education
7
Commute
5

Cost Of Living In Cities Around Hampshire

The cost of living varies in the cities and towns around Hampshire. Here's a quick look at the cost of living in the most populous nearby places:

  • Hoffman Estates, IL has a cost of living index of 118, 1.1x Hampshire.

  • Bartlett, IL has a cost of living index of 117, 1.1x Hampshire.

  • Streamwood, IL has a cost of living index of 112, 1.1x Hampshire.

City Population Cost Of Living Vs. Hampshire
Hoffman Estates, IL 52,153 118 1.1x
Bartlett, IL 41,126 117 1.1x
Streamwood, IL 39,736 112 1.1x
St. Charles, IL 32,908 110 1.0x
Algonquin, IL 29,869 109 1.0x
Lake in the Hills, IL 29,024 106 1.0x
Huntley, IL 27,314 104 1.0x
Geneva, IL 21,472 115 1.1x
Cary, IL 17,919 110 1.0x
Barrington, IL 11,174 144 1.4x

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