Quick facts: Wood dale, IL

Quick Facts

102.4
Cost of Living
above US average
13,714
Population
1.17
Crime Rate per 1000
below US average
$86,441
Median Income
above US average
$379,000
Median House Price
above US average
$2985.71
Average Rent
above US average
5%
Poverty Rate
below US average
3.2%
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 $86,441.

🏠

Income Needed to Buy

βœ— Stretch
$119k/year
Based on $379,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $119k vs median $86,441
🏒

Income Needed to Rent

⚠ Stretch
$128k/year
Based on $2985.71/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $128k vs median $86,441
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wood dale, IL

Wood Dale is a charming city located in DuPage County, Illinois, approximately 25 miles northwest of downtown Chicago. Known for its suburban feel, the city covers an area of 3.35 square miles and is home to around 13,000 residents. Wood Dale boasts a variety of parks and recreational areas, including the expansive Wood Dale Park District, which offers sports facilities, picnic areas, and seasonal events for families and residents. The city has a strong sense of community, with numerous local events and activities throughout the year. For transport, Wood Dale is well-connected via the Wood Dale Metra station, providing easy access to Chicago and surrounding suburbs. The city is also conveniently located near major highways, making it ideal for commuters. Education in Wood Dale is served by several public and private schools, with a focus on creating an engaging learning environment for children. The city’s mix of residential homes and commercial areas creates a balanced lifestyle, attracting those seeking proximity to the city while enjoying the tranquility of a smaller community.

πŸ” Search & Compare Places

First Location πŸ“