Quick facts: Plainfield, IL

Quick Facts

102.4
Cost of Living
above US average
46,243
Population
7.53
Crime Rate per 1000
below US average
$143,064
Median Income
above US average
$421,990
Median House Price
above US average
$2491.09
Average Rent
above US average
7%
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 $143,064.

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Income Needed to Buy

βœ“ Affordable
$132k/year
Based on $421,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($143,064) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$107k/year
Based on $2491.09/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($143,064) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Plainfield, IL

Plainfield, Illinois, is a rapidly growing suburb located approximately 35 miles southwest of downtown Chicago. Founded in the early 1800s, this community has transformed from a rural area to a bustling residential town while maintaining its small-town charm. Plainfield is part of Will and Kendall Counties and is known for its strong sense of community, excellent schools, and beautiful parks. The downtown area features a mix of historic architecture, local boutiques, and restaurants, making it a lovely spot for residents and visitors alike. One of the highlights is the Plainfield Riverwalk, which offers scenic views along the Du Page River, perfect for walking, jogging, or biking. Plainfield hosts numerous annual events, including the Plainfield Fest, which showcases local arts, crafts, and food. For families, there are plenty of recreational activities, parks, and family-friendly attractions in the vicinity. Its strategic location near major highways also means easy access to Chicago and the surrounding areas, making it an attractive place for commuters. Overall, Plainfield provides a welcoming environment with a blend of suburban living, community events, and access to urban amenities.

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