Quick facts: Glen ellyn, IL

Quick Facts

102.4
Cost of Living
above US average
28,364
Population
0.71
Crime Rate per 1000
below US average
$128,132
Median Income
above US average
$495,000
Median House Price
above US average
$2469.49
Average Rent
above US average
5%
Poverty Rate
below US average
5.6%
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 $128,132.

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Income Needed to Buy

βœ— Stretch
$155k/year
Based on $495,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $155k vs median $128,132
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Income Needed to Rent

βœ“ Affordable
$106k/year
Based on $2469.49/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($128,132) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Glen ellyn, IL

Glen Ellyn is a charming village located in DuPage County, Illinois, about 25 miles west of downtown Chicago. Known for its picturesque landscape and vibrant community, Glen Ellyn boasts a rich history that dates back to the late 1800s. The village features a delightful downtown area filled with boutique shops, restaurants, and cafes, making it a popular spot for both residents and visitors. One of Glen Ellyn's highlights is its beautiful parks and recreational facilities. The village offers numerous outdoor spaces, including the scenic Lake Ellyn Park, which features walking paths, a fishing lake, and picnic areas. The community is also served by the Glen Ellyn Park District, which provides various programs and activities for all ages. Education plays a vital role in Glen Ellyn, with highly rated public schools and close proximity to several private institutions. The Glen Ellyn Public Library is another cornerstone of the community, offering educational resources and community programs. Overall, Glen Ellyn is known for its friendly atmosphere, strong community values, and a blend of suburban charm with easy access to the cultural and economic opportunities of nearby Chicago.

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