Hoopeston, IL

Yes — everyday expenses in Hoopeston run about 36% below the US average (Cost Index: 64). Housing is especially affordable: the median home is valued around $63,400, compared to the $303,400 national median. Monthly rent is typically around $803, versus $1,348 nationally.

Start with housing. Typical monthly rent is $803, while local median household income is $55,180. That implies a rent-burden proxy of about 17% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Illinois has a progressive state income tax with a top rate of 4.95%. The effective property tax rate is 2.07%. On a home worth $63,400, that translates to roughly $1,312 per year in property taxes. Sales tax (state + local) averages around 8.82% on everyday purchases.

The typical monthly rent in Hoopeston is around $803. That's roughly 40% lower than the $1,348 national median. For comparison, the median home value here is $63,400, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Hoopeston is valued at $63,400. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $321/month for principal and interest alone — before property taxes and insurance. About 69% of residents here own their homes.

Grocery prices in Hoopeston are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 88). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Hoopeston is a small town with a population of about 5,039. The median age of residents is 44.5, skewing somewhat older — common in established suburban communities. The local poverty rate is 15.3%, near the national average of 12.4%.