Bellwood, IL vs Hoffman Estates, IL

There is a significant gap in the cost of living between these two cities. Bellwood is 22.5% cheaper than Hoffman Estates. With a cost index of 91 vs 117, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Bellwood to Hoffman Estates should plan for substantially higher expenses across most categories.

On the housing front, median rent in Bellwood is $1,221/month compared to $1,764/month in Hoffman Estates — a 31% difference. Home values follow the same pattern: Bellwood is more affordable at $219,600 median vs $340,400.

Median household income in Bellwood is $76,990 compared to $109,683 in Hoffman Estates (-29.8%). While Hoffman Estates is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bellwood spend roughly 19% of their income on rent, less than the 19.3% in Hoffman Estates.