Quick facts: Riverdale, IL

Quick Facts

102.4
Cost of Living
above US average
10,266
Population
8.47
Crime Rate per 1000
below US average
$41,144
Median Income
below US average
$150,000
Median House Price
above US average
$1644.05
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $41,144.

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Income Needed to Buy

βœ— Stretch
$47k/year
Based on $150,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $47k vs median $41,144
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Income Needed to Rent

⚠ Stretch
$70k/year
Based on $1644.05/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $70k vs median $41,144
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Riverdale, IL

Riverdale is a village located in Cook County, Illinois, roughly 20 miles south of downtown Chicago. With a population of around 15,000 residents, Riverdale features a tight-knit community atmosphere with a rich history. It is primarily a residential area, characterized by its mix of single-family homes, duplexes, and multifamily housing units. The village is well-connected with access to major highways, making it convenient for commuting to Chicago or other nearby cities. Riverdale offers several parks and recreational facilities, allowing residents to enjoy outdoor activities and community events. The local economy is diverse, with many residents employed in various sectors, including retail, education, and healthcare. Riverdale also has a historical significance, with its origins dating back to the late 19th century. The village is part of the larger Chicago metropolitan area and benefits from proximity to urban amenities, including dining, shopping, and entertainment options. Overall, Riverdale is known for its community spirit and accessibility while providing a suburban feel close to a major city.

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