Quick facts: Bradley, IL

Quick Facts

102.4
Cost of Living
above US average
15,232
Population
35.58
Crime Rate per 1000
above US average
$59,746
Median Income
below US average
$179,000
Median House Price
above US average
$1625.0
Average Rent
above US average
8%
Poverty Rate
below US average
4.0%
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 $59,746.

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Income Needed to Buy

βœ“ Affordable
$56k/year
Based on $179,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($59,746) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$70k/year
Based on $1625.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $70k vs median $59,746
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bradley, IL

Bradley is a village located in Kankakee County, Illinois, roughly 50 miles south of Chicago. It is part of the Kankakee-Bradley metropolitan area and serves as a suburb to the larger city of Kankakee. With a population of around 16,000 residents, Bradley offers a blend of small-town charm and accessibility to larger urban amenities. The area has a rich history and a strong sense of community, characterized by family-oriented neighborhoods and local businesses. The village is well known for its parks and recreational opportunities, including the popular Perry Farm Park, which features walking trails, a playground, and beautifully maintained gardens. Bradley also benefits from a variety of shopping and dining options, primarily found along its main thoroughfares. The village hosts several annual events that foster community spirit, including summer festivals and farmers' markets. Education is served by local public schools, alongside access to higher education institutions in nearby Kankakee. Overall, Bradley, IL, is a welcoming place that combines the tranquility of small-town living with convenient access to the larger metropolitan area.

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