South Elgin is a moderately-sized city located in the state of Illinois. The city has a population of 22,274 inhabitants. South Elgin has a population density of 3,174 people per square mile. This would be considered well above the national population density level. The majority of South Elgin residents report their race to be White; this is followed by Asian and Black. If finding a family friendly city is important to you, look no further. With more than 79% of the population considered married and 43% with kids under the age of 18, South Elgin could be considered a very suitable city for families.
Living in South Elgin can be a positive experience for anyone relocating to the city. Having said that, in the state of Illinois, there are many desirable places to live, so choose wisely! Using the livability score which includes data from categories like amenities, cost of living, education, employment, you can easily compare the best places to live in South Elgin and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare South Elgin to Illinois and the national average.
With a livability score of 80/100, South Elgin is ranked #1,960 in the United States and #16 in Illinois. Compared to the United States average, South Elgin ranks among some of the best places to live in the country! This city is also ranked in the top 10 percentile of all cities across the USA. For each of the livability categories, we see that South Elgin ranks very well for amenities (A+), crime (A+) and housing (A). On a more negative note, South Elgin does not have favorable ranks for the following: weather (D-) and education (D). If we take a look at the data, we can find out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy South Elgin on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
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. South Elgin has a violent crime rate of 133 crimes per 100,000 residents which is far lower than the national average.
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 South Elgin 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.
Certain items on your wish list like shopping, restaurants, nightlife and proximity to public transportation are all important factors to search for. Having said that, perhaps the most important metric to consider when contemplating a move to South Elgin is real estate affordability. Median real estate prices in South Elgin come in at $200,100, which is 14.5% higher than the Illinois average. The home price to income ratio compares the median home prices to the median household income. In South Elgin, the home price to income ratio is 2.3, which is 23.3% 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 South Elgin were 1.6%, and the 5 year appreciation rates came in at 7%.
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