Quick facts: Des plaines, IL

Quick Facts

105.3
Cost of Living
above US average
58,594
Population
13.26
Crime Rate per 1000
below US average
$86,552
Median Income
above US average
$399,900
Median House Price
above US average
$2375.12
Average Rent
above US average
8%
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 $86,552.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $399,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $86,552
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Income Needed to Rent

⚠ Stretch
$102k/year
Based on $2375.12/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $102k vs median $86,552
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Des plaines, IL

Des Plaines is a city located in Cook County, Illinois, just northwest of Chicago. With a population of around 58,000, it is known for its suburban charm and convenient access to urban amenities. The city features a mix of residential areas, commercial hubs, and recreational spaces. One of Des Plaines' standout features is its proximity to O'Hare International Airport, making it a strategic location for travelers. The city boasts a rich history, established in the mid-19th century, and is named after the Des Plaines River, which flows through the area, offering scenic views and outdoor activities. Des Plaines is home to several parks and recreational facilities, including Lake Opeka, where residents can engage in boating, fishing, and picnicking. The city also hosts various community events throughout the year, fostering a strong sense of community. For shopping and dining, the River Road corridor offers a variety of options, while the downtown area features established businesses and local restaurants. Education in Des Plaines is served by several public school districts, as well as nearby colleges and universities. Overall, Des Plaines combines suburban living with easy access to the vibrancy of Chicago.

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