Hoffman Estates is a city in Illinois state in USA with a population of 50464 residents.. The poverty rate of Hoffman Estates is 4.3%, which is 69% lower than national average. The typical household in Hoffman Estates earns $92423 a year, compared to the national median of $67,500. Nearly 23% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Hoffman Estates, only 92% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Hoffman Estates remained 3.5%, which is 26% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Hoffman Estates, only 48% of adults have a bachelor's degree and 26% have some college but no degree.

Cost of living in Hoffman Estates is 118, which is 18% higher than national average. Median home value in Hoffman Estates is $286600 , which is 25% higher than national average. While median income in Hoffman Estates remained $92423, which is 37% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.