Cost of Living in Hometown, IL
Population 4,244 · Illinois · Data vintage 2023
(100 = US avg)
Hometown sits on the smaller end of the Illinois city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Hometown sits roughly 8 miles southwest of Chicago — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 52% lower than Chicago's $315,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Hometown
The median home value in Hometown is $152,000 — 50% below the national median of $305,000. Median rent runs $812/month, 38% lower than the national median of $1,314/month. The median household income of $59,265/year is 21% lower than the US median of $74,580. The local unemployment rate is 4.1%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Hometown has a cost of living index of 55 versus the US average of 100, meaning it is 45% less expensive.
Hometown has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Hometown, IL?
Hometown has a cost index of 55 (100 = national average). It is 45% below the national average.
What is average rent in Hometown, IL?
The median gross rent in Hometown is $812 per month based on 2023 Census data.
What is the average home price in Hometown?
The median home value in Hometown is $152,000 according to Zillow and Census data.
What is the median income in Hometown?
The median household income in Hometown is $59,265 per year (2023 ACS 5-year estimates).
What is the sales tax in Hometown, IL?
The combined state and local sales tax rate in Hometown is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Hometown, IL affordable?
Yes, Hometown is generally considered affordable, with a cost of living index of 55 — about 45% below the US national average of 100.
Hometown at a Glance
- Population
- 4,244
- Median Income
- $59,265
- Home Value
- $152,000
- Median Rent
- $812/mo
- Unemployment
- 4.1%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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