Hoopeston, IL Cost Of Living
Cost Of Living In Hoopeston, IL Summary
Cost of living in Hoopeston 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 Hoopeston 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 Hoopeston is 81, with 100 being the average.
The cost of living index in Hoopeston is 0.8x lower than the national average.
Hoopeston ranks as the #22 cheapest in Illinois out of 338.
Hoopeston ranks as the #290 cheapest out of 6,412 in the US.
The median home value in Hoopeston is $58,700.
The median income in Hoopeston is $43,330.
Table Of Contents
Hoopeston's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hoopeston, IL?
According to the most recent data on the cost of living, Hoopeston has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.
Compared to Illinois, Hoopeston has a cost of living index that's 0.9x lower than Illinois's index of 92.
The standard of living in Hoopeston ranks as #22 most affordable out of the 338 places we measured in Illinois. By definition, that implies Hoopeston ranks as the #316 most expensive place in the Prairie State.
For more reading on life in Hoopeston, check out:
- Living In Hoopeston
- Hoopeston Crime Report
- Search Homes For Sale In Hoopeston, IL
In Illinois
In America
Hoopeston Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Hoopeston. Here is how it fairs on each of the criteria:
The Services index in Hoopeston is 94.
The Groceries index in Hoopeston is 90.
The Health index in Hoopeston is 94.
The Housing index in Hoopeston is 43.
The Transportation index in Hoopeston is 105.
The Utilities index in Hoopeston is 103.
| Living Expense | Hoopeston | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 81 | 92 | 100 | |
| Services | 94 | 95 | 100 | |
| Groceries | 90 | 98 | 100 | |
| Health | 94 | 96 | 100 | |
| Housing | 43 | 81 | 100 | |
| Transportation | 105 | 105 | 100 | |
| Utilities | 103 | 90 | 100 | |
Hoopeston, 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 Hoopeston is $58,700.
The Median Rent in Hoopeston is $780.
The Median Income in Hoopeston is $43,330.
The Home Value To Income in Hoopeston is 1.4x.
The Rent To Monthly Income in Hoopeston is 0.22x.
| Statistic | Hoopeston | Illinois | United States |
|---|---|---|---|
| Median Home Value | $58,700 | $212,600 | $244,900 |
| Median Rent | $780 | $1,097 | $1,163 |
| Median Income | $43,330 | $72,563 | $69,021 |
| Home Value To Income | 1.4x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Hoopeston, IL Costs By Category
Detailed Hoopeston Services Costs Vs. Illinois
Detailed Hoopeston Groceries Costs Vs. Illinois
Detailed Hoopeston Health Costs Vs. Illinois
Detailed Hoopeston Transportation Costs Vs. Illinois
Detailed Hoopeston Utilities Costs Vs. Illinois
Hoopeston SnackAbility
/10
Cost Of Living In Cities Around Hoopeston
The cost of living varies in the cities and towns around Hoopeston. Here's a quick look at the cost of living in the most populous nearby places:
Champaign, IL has a cost of living index of 93, 1.1x Hoopeston.
Lafayette, IN has a cost of living index of 88, 1.1x Hoopeston.
West Lafayette, IN has a cost of living index of 99, 1.2x Hoopeston.
| City | Population | Cost Of Living | Vs. Hoopeston |
|---|---|---|---|
| Champaign, IL | 88,343 | 93 | 1.1x |
| Lafayette, IN | 70,928 | 88 | 1.1x |
| West Lafayette, IN | 44,515 | 99 | 1.2x |
| Urbana, IL | 39,189 | 91 | 1.1x |
| Crawfordsville, IN | 16,279 | 86 | 1.1x |
| Bradley, IL | 15,236 | 91 | 1.1x |
| Rantoul, IL | 12,766 | 80 | 1.0x |
| Mahomet, IL | 9,297 | 100 | 1.2x |
| Savoy, IL | 8,793 | 99 | 1.2x |
