Quick facts: Maywood, IL

Quick Facts

102.4
Cost of Living
above US average
22,932
Population
9.46
Crime Rate per 1000
below US average
$64,767
Median Income
below US average
$330,000
Median House Price
above US average
$2144.09
Average Rent
above US average
14%
Poverty Rate
above US average
9.9%
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 $64,767.

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Income Needed to Buy

βœ— Stretch
$104k/year
Based on $330,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $104k vs median $64,767
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Income Needed to Rent

⚠ Stretch
$92k/year
Based on $2144.09/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $92k vs median $64,767
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Maywood, IL

Maywood is a vibrant village located in Cook County, Illinois, just a few miles west of downtown Chicago. With a population of around 25,000, Maywood provides a suburban feel while being close to the bustling city. It boasts a rich history, having been founded in the 19th century, and features a diverse community with various cultural backgrounds. The village is known for its parks and recreational facilities, such as the bustling Maywood Park and the nearby Eisenhower Public Library District, which offers numerous programs for residents. Maywood has several historical landmarks, including the Maywood Historic District, showcasing beautiful architecture. For commuters, Maywood is well-connected by public transport, including the Metra rail service, making it easy to reach downtown Chicago. The community is also served by a mix of public and private schools, catering to different educational needs. Maywood's proximity to major roads and highways provides easy access to neighboring suburbs and the city, making it a desirable location for those seeking a balance of suburban living with urban amenities. With its ongoing development and community initiatives, Maywood is an attractive place for families and professionals alike.

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