Quick facts: Crystal lake, IL

Quick Facts

102.4
Cost of Living
above US average
40,661
Population
0.91
Crime Rate per 1000
below US average
$103,018
Median Income
above US average
$334,800
Median House Price
above US average
$2323.39
Average Rent
above US average
5%
Poverty Rate
below US average
5.4%
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 $103,018.

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Income Needed to Buy

βœ— Stretch
$105k/year
Based on $334,800 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $105k vs median $103,018
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Income Needed to Rent

βœ“ Affordable
$100k/year
Based on $2323.39/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($103,018) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Crystal lake, IL

Crystal Lake, located in McHenry County, Illinois, is a picturesque suburban city known for its natural beauty, vibrant community, and family-friendly atmosphere. Situated about 50 miles northwest of Chicago, it offers a blend of small-town charm and accessibility to urban amenities. The city is named after the scenic Crystal Lake, a popular destination for boating, fishing, and swimming, attracting both locals and visitors. Crystal Lake boasts a variety of parks and recreational facilities, including the expansive Three Oaks Recreation Area, which features trails, a water park, and a fishing pier. The city also hosts numerous community events throughout the year, fostering a strong sense of community engagement. Its historic downtown area is lined with shops, restaurants, and cafes, providing a cozy atmosphere for leisurely strolls. Education is a priority here, with top-rated schools contributing to the growing population of families. The city’s transportation is also convenient, with easy access to major highways and nearby Metra train stations, making commuting to Chicago manageable. Overall, Crystal Lake is an ideal place for those seeking a vibrant community with ample recreational opportunities and a picturesque setting.

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