Quick facts: Woodridge, IL

Quick Facts

102.4
Cost of Living
above US average
33,587
Population
0.98
Crime Rate per 1000
below US average
$95,756
Median Income
above US average
$499,900
Median House Price
above US average
$1847.68
Average Rent
above US average
5%
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 $95,756.

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Income Needed to Buy

βœ— Stretch
$157k/year
Based on $499,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $157k vs median $95,756
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Income Needed to Rent

βœ“ Affordable
$79k/year
Based on $1847.68/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($95,756) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Woodridge, IL

Woodridge, located in DuPage County, Illinois, is a suburban community situated approximately 30 miles southwest of downtown Chicago. The village spans about 6.4 square miles and is known for its family-friendly atmosphere, well-maintained parks, and diverse housing options. Founded in the 1950s, Woodridge has grown significantly and now boasts a population of around 35,000 residents. It offers a range of amenities, including shopping centers, restaurants, and recreational facilities. The area is served by several school districts that provide quality education, making it an attractive place for families. Woodridge is well-connected to major highways, including Interstates 55 and 355, facilitating easy access to the broader Chicagoland area. Outdoor enthusiasts will appreciate the numerous parks and nature preserves, such as the 42-acre Woodridge Community Park and the scenic Londahl Park. The village also hosts community events throughout the year, fostering a strong sense of community. With its blend of suburban charm and convenient access to urban opportunities, Woodridge is a desirable location for residents seeking a balanced lifestyle.

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