Quick facts: Dekalb, IL

Quick Facts

92.5
Cost of Living
below US average
40,220
Population
31.53
Crime Rate per 1000
above US average
$47,410
Median Income
below US average
$265,000
Median House Price
above US average
$1513.13
Average Rent
above US average
13%
Poverty Rate
above 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 $47,410.

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Income Needed to Buy

βœ— Stretch
$83k/year
Based on $265,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $83k vs median $47,410
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Income Needed to Rent

⚠ Stretch
$65k/year
Based on $1513.13/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $65k vs median $47,410
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Dekalb, IL

DeKalb, Illinois, is a vibrant city located in the picturesque Midwest as part of DeKalb County. Known primarily for its role as the home of Northern Illinois University, DeKalb offers a rich blend of educational, cultural, and recreational opportunities. The city boasts a population of around 42,000 residents and has a diverse community. DeKalb is characterized by its historical significance, with the barbed wire manufacturing boom in the late 19th century marking its early economic development. The city features a charming downtown area with local shops, restaurants, and cafes, making it a great spot for both residents and visitors. Nature enthusiasts can explore nearby parks, including the expansive River Heights Park, which provides sports facilities and walking trails. The city's proximity to larger urban centers like Chicago enhances its appeal, offering easy access to the big city while maintaining a quieter, small-town atmosphere. Additionally, DeKalb hosts various events throughout the year, celebrating local art, culture, and community spirit, which further enrich the living experience in this dynamic Illinois city.

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