This area boasts a crime rate that is far below the national average, making it a very safe place to live. These crime statistics encompass both property and violent offenses.
With higher than average median household income, income per capita and lower unemployment rates, this area scores extremely well in the employment category.
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
The high score in the schools category can be attributed to outstanding test scores, elevated graduation rates and the convenient placement of elementary and high schools in this area.
According to recent surveys and polls, locals had excellent ratings for walkability to nearby amenities, safety, access to public transit and the overall sense of community in the area.
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
This area is known for its high cost of living, which means you should anticipate higher costs for everyday goods and services, housing, groceries, and health care.
Schaumburg, Illinois is a medium-sized city with a population of 73,392 residents. In Schaumburg, there are 3,794 people per square mile, which is well above the national population density average. Something to be aware of when living in Schaumburg are the above average commute times. If you're looking for a short commute to work, this might not be the right area for you. With one way commute time of 30 minutes, this comes in much higher than the national average of 26 minutes.
Living in Schaumburg can be a fulfilling experience for anyone relocating to the town. Having said that, in the state of Illinois, there are many desirable places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. To help you find the best places to live in and around Schaumburg, AreaVibes has created a livability score using key metrics like amenities, cost of living, health & safety, employment and more.
Schaumburg has a livability score of 77 out of 100 and is ranked #122 in Illinois and #2,438 in the USA. Based on this score, Schaumburg would be considered a very livable city! Schaumburg also ranks in the top 10 percent of all cities, which is no small feat! If we check out each of the categories individually, we see that Schaumburg ranks well for crime (A-), education (A-), employment (A+) and housing (A+). On a less positive note, Schaumburg does not have favorable scores for the following: cost of living (F). If we take a look at the data, we can find out why.
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 can help foster positive community dynamics and social cohesion. Schaumburg has a violent crime rate of 91 crimes per 100,000 residents which is far lower than the national average.
When contemplating a move, job prospects often top the list of priorities. In Schaumburg, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 2.57% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
Finding affordable real estate and housing in Schaumburg 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. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Schaumburg real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Schaumburg. The median home price for Schaumburg homes is $261,900, which is 49.8% higher than the Illinois average. If we take a closer look at the affordability of homes in Schaumburg, we’ll see that the home price to income ratio is 3.2, which is 6.7% higher than the Illinois average.
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