Hoffman Estates, IL vs Montgomery, IL

Hoffman Estates, IL and Montgomery, IL have a very similar cost of living, with only a 1.5% difference in their overall index. Hoffman Estates scores 117 while Montgomery scores 116 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Hoffman Estates is $1,764/month compared to $1,897/month in Montgomery — a 7% difference. Interestingly, home values tell a different story: while Hoffman Estates has cheaper rent, Montgomery actually has lower median home values ($270,700 vs $340,400).

Median household income in Hoffman Estates is $109,683 compared to $96,985 in Montgomery (+13.1%). 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 Hoffman Estates spend roughly 19.3% of their income on rent, less than the 23.5% in Montgomery.

Climate-wise, both cities share similar average temperatures (49.7°F vs 49.4°F). Montgomery receives more rainfall at 33.8" per year compared to 33.2" in Hoffman Estates.