States › Illinois › Hoopeston

Is Hoopeston, IL expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$97544% lower than U.S. average
💵 Families earn per year (2026)$65,639about $5,470/month · 25% lower than U.S. average
🔑 House price$78,10077% lower than U.S. average

Rent is lower than in 89% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 19 minutes.

How much money do I need?

To rent here comfortably, you should earn about $39,000 a year. That is $19 an hour at a full-time job.

Is rent cheaper than other Illinois cities?

Yes. Rent here is cheaper than in most of Illinois. It is number 49 of 334 cities from cheapest to most expensive.

Hoopeston
$975
Milan
$1,065
South Barrington
$2,433
Pinckneyville
$460
Eureka
$704
Monee
$1,633
Colona
$927

How much do households earn in Hoopeston?

Under $25k
17.7%
$25k–50k
25.6%
$50k–100k
25.8%
$100k–150k
25.0%
$150k+
0.9%

Share of households by yearly income. 25.8% of households earn $100,000 or more.

Rent by apartment size in Hoopeston

SizeHoopestonU.S. average
2 bedrooms$916$1,509
3 bedrooms$969$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Hoopeston overall?

Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).

Housing
94
Goods (food, clothes…)
104
Utilities
85
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hoopeston, so the Illinois figure is shown.

Taxes and bills in Hoopeston

🏛️ Property tax$1,449a year · 1.86% of home value · U.S. $3,119
⚡ Electric bill$250a month (typical) · U.S. $156

Life in Hoopeston

Commute to work19 minU.S.: 26.4 min
College degree29.6%U.S.: 35.7%
Own their home69.1%U.S.: 65.2%
Below poverty line15.6%U.S.: 12.5%
Unemployment7.6%U.S.: 5.2%

Is it cheaper to rent or buy in Hoopeston?

Buying is cheaper month to month: about $433 a month less than renting.

Renting
$975
Owning
$542

Owning assumes a typical $78,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $7,810 for the down payment.

Frequently asked questions

What is the average rent in Hoopeston, IL?

Renting in Hoopeston costs a median of about $975 a month in 2026, including utilities. The Illinois median is $1,517.

How much do I need to make to live in Hoopeston?

To keep rent under 30% of income, you need about $39,000 a year, or $19 an hour at a full-time job.

Is Hoopeston cheap or expensive?

Hoopeston is rated Cheap: rent takes 17.8% of the typical household income of $65,639. It ranks 49th cheapest of 334 Illinois cities we track.

How much are property taxes in Hoopeston?

The median homeowner in Hoopeston pays $1,449 a year in property taxes, about 1.86% of the median home value.

Is Hoopeston more expensive than the national average?

Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Hoopeston?

The median home value in Hoopeston is $78,100, about 1.2 times the typical yearly household income.

5,034 people live in Hoopeston. Numbers are typical (middle) values.