Quick facts: Blue island, IL

Quick Facts

110.3
Cost of Living
above US average
23,706
Population
59.06
Crime Rate per 1000
above US average
$63,000
Median Income
below US average
$199,900
Median House Price
above US average
$1452.88
Average Rent
above US average
17%
Poverty Rate
above US average
5.3%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $63,000.

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Income Needed to Buy

βœ“ Affordable
$63k/year
Based on $199,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($63,000) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$62k/year
Based on $1452.88/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($63,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Blue island, IL

Blue Island is a charming city located in Cook County, Illinois, just southwest of Chicago. Known for its rich history, Blue Island was incorporated in 1893 and has a diverse community with roots dating back to the early 19th century. The city features a mix of residential neighborhoods, local businesses, and parks, offering a suburban feel with convenient access to the urban amenities of Chicago. One of the highlights of Blue Island is its vibrant arts scene, showcased through various events and local galleries. The city prides itself on its historic architecture, with several notable buildings reflecting its past. Outdoor enthusiasts can enjoy numerous parks and recreational facilities, including the expansive Blue Island Park District. Blue Island is well-connected through public transportation, making it easy for residents to commute to Chicago and surrounding areas. The city offers a variety of dining options, from casual eateries to more formal establishments, providing a taste of local cuisine. Overall, Blue Island is a welcoming community that embraces its heritage while looking towards the future.

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