Waukegan is a mid-sized city located in the state of Illinois. The city has a population of 88,159 inhabitants. Waukegan has a population density of 3,634 people per square mile. This would be considered well above the national population density level. More than a quarter of the residents of Waukegan identify themselves as Hispanic or Latino, and 50% of the population speak Spanish as their primary or secondary language. Waukegan could be a great place for young adults and students as the average age of 31 years old is below the nation’s average.
Whether you’re moving to a new city to be closer to family, friends or for a new job, living in Waukegan could be a positive experience compared to other cities in Illinois if you know where to look. With useful information like amenities, cost of living, education, employment, housing and other key data points, finding the best places to live in Waukegan and in the areas around Waukegan is a much easier task.
With a livability score of 64 out of 100, Waukegan is ranked #19,435 in the United States and #728 in Illinois. For each of the livability categories, we know that Waukegan ranks very well for amenities (A+) and housing (B+). On a more negative note, Waukegan does not have favorable ranks for the following: crime (F), weather (D-), education (F) and employment (F). 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 Waukegan 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.
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 Waukegan 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 Waukegan is real estate affordability. Median real estate prices in Waukegan come in at $118,600, which is 32.2% lower than the Illinois average. The home price to income ratio compares the median home prices to the median household income. In Waukegan, the home price to income ratio is 2.5, which is 16.7% 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 Waukegan will offer some insight into determining if your home purchase will be a solid investment for years to come. In Waukegan, the year-over-year appreciation rates were 8.2%, and the 5 year appreciation rates came in at 11.8%.
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