Located in the state of Illinois, Grayslake is a mid-sized city with a population of 21,053 people. If we look at the most recent Census, Grayslake is known to have a predominantly White population. The next two most common races are Asian and Black. Grayslake has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 77% of the population is classified as married and 49% have kids.
If you’re considering moving to any new city, it could be a very daunting task. However, it could also be a good experience if you are willing to get to know the city before actually living in Grayslake, Illinois. Using the livability score which includes data from categories like crime, weather, education, housing, you can easily compare the best places to live in Grayslake and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Grayslake to Illinois and the national average.
With a livability score of 76 out of 100, Grayslake is ranked #4,007 in the United States and #65 in Illinois. Pack your bags! This is a very high score in comparison to other US cities. Living in Grayslake could be a great choice! If we examine each of the categories on their own, we see that Grayslake ranks well for amenities (A+), crime (A), employment (B) and housing (B). On a less positive note, Grayslake does not have favorable grades for the following: cost of living (F), weather (D-) and education (D). If we take a look at the data, we can find out why.
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Grayslake has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive.
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and the overall sense of community. Grayslake has a violent crime rate of 110 crimes per 100,000 residents which is far lower than the national average.
Finding affordable real estate and apartments for rent in Grayslake can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category.
Assuming that Grayslake meets all of your requirements, the next most important item to examine is the affordability of real estate in Grayslake. Everything else becomes a lot less important if it turns out that home prices in Grayslake are simply unattainable. The median home price for Grayslake homes is $213,600, which is 22.2% higher than the Illinois average. If we take a closer look at the affordability of homes in Grayslake, we’ll see that the home price to income ratio is 2.6, which is 13.3% lower than the Illinois average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Grayslake will offer some insight into determining if your home purchase will be a solid investment for years to come. In Grayslake, the year-over-year appreciation rates were 5.1%, and the 5 year appreciation rates came in at 5.4%.