Quick facts: Westmont, IL

Quick Facts

102.4
Cost of Living
above US average
23,976
Population
1.29
Crime Rate per 1000
below US average
$82,519
Median Income
above US average
$399,900
Median House Price
above US average
$2184.99
Average Rent
above US average
5%
Poverty Rate
below US average
5.5%
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 $82,519.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $399,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $82,519
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Income Needed to Rent

⚠ Stretch
$94k/year
Based on $2184.99/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $94k vs median $82,519
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Westmont, IL

Westmont, Illinois, is a vibrant suburb located in DuPage County, just 22 miles southwest of downtown Chicago. Known for its rich history, Westmont was incorporated in 1921 and has since developed into a thriving community with a population of around 13,000 residents. The village boasts a charming downtown area, hosting various shops, restaurants, and local businesses that reflect its small-town charm. Westmont is home to several parks and recreational facilities, providing ample opportunities for outdoor activities. The Westmont Park District maintains a variety of parks, sports fields, and playgrounds, catering to families and visitors alike. The community also hosts numerous events throughout the year, including festivals, farmers' markets, and seasonal celebrations. Accessibility is a key feature of Westmont, with convenient transportation options including the Metra train service that connects residents to Chicago and surrounding areas. Furthermore, the village's proximity to major highways ensures easy travel to both the city and the suburbs. Overall, Westmont combines community spirit, convenient living, and a welcoming atmosphere, making it an attractive place to live and visit.

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