Quick facts: Carpentersville, IL

Quick Facts

102.4
Cost of Living
above US average
37,288
Population
0.72
Crime Rate per 1000
below US average
$82,866
Median Income
above US average
$259,900
Median House Price
above US average
$2180.91
Average Rent
above US average
5%
Poverty Rate
below US average
6.3%
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 $82,866.

🏠

Income Needed to Buy

βœ“ Affordable
$82k/year
Based on $259,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($82,866) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$93k/year
Based on $2180.91/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $93k vs median $82,866
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Carpentersville, IL

Carpentersville, located in Kane County, Illinois, is a vibrant village situated about 40 miles northwest of Chicago. With a rich history dating back to the early 19th century, it has evolved from a small agricultural community to a bustling suburban area. The village is characterized by its scenic views along the Fox River, which provides opportunities for outdoor activities like fishing, hiking, and picnicking. Carpentersville boasts a diverse population and a family-friendly atmosphere, making it a desirable place to live. The community is home to various parks, such as Carpenter Park and Tefft Park, offering recreational facilities and playgrounds. The local school district is known for its commitment to education, providing resources for students of all ages. In terms of amenities, Carpentersville features a mix of retail shops, restaurants, and essential services, catering to residents' everyday needs. The village is conveniently located near major highways, providing easy access to neighboring cities and the Chicago metropolitan area. With its combination of natural beauty, community spirit, and accessibility, Carpentersville continues to attract new residents and businesses.

πŸ” Search & Compare Places

First Location πŸ“