Quick facts: Hinsdale, IL

Quick Facts

110.2
Cost of Living
above US average
17,235
Population
0.23
Crime Rate per 1000
below US average
$250,001
Median Income
above US average
$1,189,000
Median House Price
above US average
$2535.79
Average Rent
above US average
Poverty rate Data is updating, will be available soon
3.5%
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 $250,001.

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Income Needed to Buy

βœ— Stretch
$373k/year
Based on $1,189,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $373k vs median $250,001
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Income Needed to Rent

βœ“ Affordable
$109k/year
Based on $2535.79/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($250,001) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hinsdale, IL

Hinsdale, Illinois, is a charming suburb located approximately 20 miles west of downtown Chicago. Nestled in DuPage and Cook counties, this picturesque village is known for its picturesque tree-lined streets, elegant historic homes, and vibrant downtown area. Hinsdale is renowned for its top-ranked public schools, which are part of Community Consolidated School District 181 and Hinsdale Township High School District 86, making it a desirable location for families. The village boasts a strong sense of community with various local events throughout the year, including farmers' markets, holiday celebrations, and art fairs. Outdoor enthusiasts can enjoy the many parks and recreational facilities, including the extensive trails and amenities at the nearby Waterfall Glen Forest Preserve. Hinsdale's downtown district features a mix of boutique shops, cafes, and fine dining options, providing a welcoming atmosphere for residents and visitors alike. The Hinsdale area also has excellent access to public transportation, including Metra train services, which makes commuting to Chicago convenient. With its blend of suburban charm and urban accessibility, Hinsdale remains a sought-after location for those looking to experience a high quality of life.

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