Quick facts: Roselle, IL

Quick Facts

102.4
Cost of Living
above US average
22,505
Population
0.62
Crime Rate per 1000
below US average
$104,167
Median Income
above US average
$425,000
Median House Price
above US average
$2109.96
Average Rent
above US average
4%
Poverty Rate
below US average
3.1%
Unemployment Rate
below 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 $104,167.

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Income Needed to Buy

βœ— Stretch
$133k/year
Based on $425,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $133k vs median $104,167
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Income Needed to Rent

βœ“ Affordable
$90k/year
Based on $2109.96/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($104,167) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Roselle, IL

Roselle, Illinois, is a charming village located in DuPage and Cook Counties, approximately 30 miles northwest of downtown Chicago. Known for its welcoming atmosphere and community spirit, Roselle boasts a population of around 22,000 residents. The village offers a mix of suburban tranquility and convenient access to urban amenities, making it an attractive place for families and professionals alike. Roselle features a variety of parks and recreational facilities, including the expansive Roselle Park District, which provides numerous athletic programs, playgrounds, and seasonal events. The downtown area has a quaint selection of shops, restaurants, and local businesses, creating a vibrant community hub. Transportation in Roselle is facilitated by access to major highways like I-390 and I-290, as well as Metra train services, allowing easy commuting to Chicago and surrounding areas. The village is also known for its commitment to excellent schools, with several highly-rated public and private institutions. Overall, Roselle combines the charm of a small town with the convenience of city life, making it a desirable place to live and work.

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