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Hoffman Estates, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
51,175
Population
$106,806
Median Income
$351,900
Home Value
39.2
Median Age

Demographics

Hoffman Estates has a population of 51,175 with a median age of 39.2. Here is the racial and ethnic breakdown of the population:

White
50.0%
Asian
25.2%
Hispanic
17.0%
Black
6.1%
Other
1.7%
Demographic Value
Total Population51,175
Median Age39.2
White50.0%
Black or African American6.1%
Asian25.2%
Hispanic or Latino17.0%
Other / Two or More Races1.7%
Hoffman Estates, Illinois — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 50.0%Asian: 25.2%Hispanic/Latino: 17.0%Black: 6.1%Other: 1.7%51,175PopulationWhiteWhite50.0%AsianAsian25.2%Hispanic/LatinoHispanic/Latino17.0%BlackBlack6.1%OtherOther1.7%

Income & Economy

The median household income in Hoffman Estates is $106,806, which is 32.5% above the national median of $80,610. The per capita income is $48,050. The poverty rate is 7.1%.

$106,806
Median Household Income
$48,050
Per Capita Income
7.1%
Poverty Rate

Employment

The unemployment rate in Hoffman Estates is 4.4%, compared to the national rate of 4.1%.

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Education

In Hoffman Estates, 91.8% of residents age 25+ have a high school diploma or higher, and 48.5% hold a bachelor's degree or higher (17.6% with a graduate or professional degree).

HS Diploma+
91.8%
Bachelor's+
48.5%
Graduate+
17.6%
Education Level % of Adults (25+)
High School Diploma or Higher91.8%
Bachelor's Degree or Higher48.5%
Graduate or Professional Degree17.6%

Housing

The median home value in Hoffman Estates is $351,900, above the national median of $303,400. The median monthly rent is $1,734. The homeownership rate is 74.2%.

$351,900
Median Home Value
$1,734/mo
Median Rent
74.2%
Homeownership Rate
Housing Metric Value
Median Home Value$351,900
Median Monthly Rent$1,734
Homeownership Rate74.2%
Vacancy Rate4.1%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Hoffman Estates, Illinois?
The population of Hoffman Estates, Illinois is 51,175 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Hoffman Estates, Illinois?
The median household income in Hoffman Estates, Illinois is $106,806. This is 32.5% above the national median of $80,610.
What is the median home value in Hoffman Estates, Illinois?
The median home value in Hoffman Estates, Illinois is $351,900. The median monthly rent is $1,734.
What percentage of people in Hoffman Estates have a college degree?
In Hoffman Estates, Illinois, 48.5% of adults age 25 and older hold a bachelor's degree or higher, and 91.8% have a high school diploma or higher.
Is Hoffman Estates, Illinois an affordable place to live?
The home price-to-income ratio in Hoffman Estates, Illinois is 3.3x (median home value $351,900 vs. median income $106,806), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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