Pros and Cons of Living In Schaumburg, Illinois. Is Schaumburg, IL a Nice Place To Live or Retire?

Schaumburg, Illinois

Moving to Schaumburg In Illinois ? Is Schaumburg, IL a Nice Place To Live? Pros and Cons of Living in Schaumburg, Illinois. Find out the best and worst about to live, raise a family or retire in Schaumburg.

Schaumburg ( SHAWM-burg) is a village located mostly in Cook County and partly in DuPage County in northeastern Illinois, United States. Per the 2020 Census, the population was 78,723, making Schaumburg the most populous incorporated village in the United States. Schaumburg is around 28 miles (45 km) northwest of the Chicago Loop and 10 miles (16 km) northwest of O'Hare International Airport. It is part of the Golden Corridor.

In 2018, Money magazine ranked the Village of Schaumburg the Best Place to Live in Illinois. In 2017, Money ranked Schaumburg the 9th-best place to live in the United States.

Along with Bolingbrook, Schaumburg has one of...

DEMOGRAPHICS

Population
73392
Unemployment
3.6%
23% NAT AVG.
Poverty
5.7%
59% NAT AVG.
Cost Of Living
117
17% NAT AVG.

ECONOMICS

Median Home Cost
$261900
14% NAT AVG.
Median Income
$82387
22% NAT AVG.
Median Rent
$1458
26% NAT AVG.
Overall Score
9.5

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 18
Unemployed People
1 in 28
People Earning < $10,000
1 in 30
People Earning < $50,000
26.1%
People With Any Degree
1 in 1.8

ETHNICITY

Ethnicity Schaumburg USA
White 55.9% 60.1%
African American 5.7% 12.2%
American Indian 0.2% 0.6%
Asian 24.8% 5.6%
Hawaiian 0% 0.2%
Multiracial 2.6% 2.8%
Hispanic 10.4% 18.2%
Other 0.4% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Schaumburg USA
Less than $10,000 3.3% 5.8%
$10,000 to $14,999 2.5% 4.1%
$15,000 to $24,999 5.1% 8.5%
$25,000 to $34,999 5.2% 8.6%
$35,000 to $49,999 10% 12.0%
$50,000 to $74,999 18.5% 17.2%
$75,000 to $99,999 17.3% 12.8%
$100,000 to $149,999 19.8% 15.6%
$150,000 to $199,999 10.2% 7.1%

EDUCATION

Education Schaumburg USA
< 9th Grade 2% 5.0%
9-12th Grade 2% 7.0%
High School or GED 20% 27.0%
Other College 19% 20.0%
Associate's Degree 7% 9%
Bachelor's Degree 30% 20.0%
Master's Degree 16% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 2% 1.0%
Schaumburg is a city in Illinois state in USA with a population of 73392 residents.. The poverty rate of Schaumburg is 5.7%, which is 59% lower than national average. The typical household in Schaumburg earns $82387 a year, compared to the national median of $67,500. Nearly 26.1% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Schaumburg remained 3.6%, which is 23% lower than national rate.

Cost of living in Schaumburg is 117, which is 17% higher than national average. In Schaumburg, only 50% of adults have a bachelor's degree and 26% have some college but no degree. Median home value in Schaumburg is $261900 , which is 14% higher than national average. While median income in Schaumburg remained $82387, which is 22% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Schaumburg Scorecard

Jobs85%

Housing85%

Affordability60%

Safety90%

Amenities95%

Diversity95%

Education90%

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