Joliet, Illinois is a mid-sized city with a population of 147,515 inhabitants. At 66%, the majority of the Joliet population is White; this is followed by 16% Black and 2% Asian. Additionally, more than a quarter of the population of Joliet are of Hispanic or Latino origin, and 22% of the population also speak Spanish. The median age of all Joliet residents is 33, which is well below the national average. This is a good indication that this city could be ideal for young singles. Joliet has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 71% of the population is classified as married and 48% have kids.
Without the right tools, moving to any new area can be very stressful and challenging. Living in Joliet, Illinois could be a fulfilling experience for anyone who puts in the effort to do the research required. With useful information like amenities, crime, weather, education, housing and other key data points, finding the best places to live in Joliet and in the areas around Joliet is a much easier task.
Using data and statistics Joliet has received a livability score of 71/100. This score is ranked in the 68th percentile when compared to all other cities. If we probe a little deeper into each category within the livability score, we see that Joliet has higher than average scores for the following: amenities (A+) and housing (B+). There is at least one category that did not score well in Joliet. The following was graded with a disappointing score: weather (D-), education (F) and employment (D).
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Joliet 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. Here are some of the more popular things to do in Joliet: Harrah's Joliet Casino, Rialto Square Theatre, and Empress River Casino.
For buyers, real estate will be the largest purchase they ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Joliet apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city.
Assuming that Joliet meets all of your requirements, the next most important item to examine is the affordability of real estate in Joliet. Everything else becomes a lot less important if it turns out that home prices in Joliet are simply unattainable. The median home price for Joliet homes is $163,900, which is 6.2% lower than the Illinois average. If we take a closer look at the affordability of homes in Joliet, we’ll see that the home price to income ratio is 2.7, which is 10% lower than the Illinois average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Joliet were 6.1%, and the 5 year appreciation rates came in at 8.2%.