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Chicago-Naperville-Elgin Metro Area, Illinois   Add Favorite    0 Reviews | Review This Place




Pros

-Economic and cultural diversity
-Arts and culture
-Historic interest and preservation

Cons

-Harsh climate
-Cost of living
-Violent crime


What Bert Has To Say About Chicago-Naperville-Elgin Metro Area


A world-class commercial, industrial and cultural city, Chicago functions as is a major national center and as the major regional center for America’s heartland. It originally emerged as a transport center for cargo headed west and agricultural products headed east by land and water. Although transportation technology has changed, the role has not. The city is the most important passenger and freight transport hub in the country with the largest number of air departures and the most rail traffic in the nation. The commercial and manufacturing economy stands out both for its size and diversity. Over 30 Fortune 500 companies in an assortment of industries have headquarters here. Factories and warehouses extend for miles from the downtown area. Chicago is also a major center for small manufacturing and business. There is probably no more diverse an economy in the country.


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Highlights



Quick Facts About Chicago-Naperville-Elgin


    ECONOMY
    The unemployment rate in Chicago-Naperville-Elgin Metro Area is 6.00 percent(U.S. avg. is 5.20%). Recent job growth is Positive. Chicago-Naperville-Elgin Metro Area jobs have Increased by 1.38 percent.
    COST OF LIVING
    Compared to the rest of the country, Chicago-Naperville-Elgin Metro Area's cost of living is 9.30% Higher than the U.S. average.
    POPULATION
    As of 2014, Chicago-Naperville-Elgin Metro Area's population is 9,551,030 people. Since 2000, it has had a population growth of 16.77 percent.
    TRANSPORTATION
    Average Commute time is 31 minutes. The National Average is 26 minutes.
    REAL ESTATE
    The median home cost in Chicago-Naperville-Elgin Metro Area is $201,500. Home appreciation the last 10 years has been -17.25%.
    SCHOOLS
    Chicago-Naperville-Elgin Metro Area public schools spend $14,823 per student. The average school expenditure in the U.S. is $12,383. There are about 16 students per teacher in Chicago-Naperville-Elgin Metro Area.

Chicago-Naperville-Elgin Metro Area, Illinois Ranked & Rated



Chicago-Naperville-Elgin Housing Market


It's a good time to buy in Chicago-Naperville-Elgin. Home Appreciation is up 3.1% in the last 12 months. Browse Chicago-Naperville-Elgin Real Estate.
The median home price in Chicago-Naperville-Elgin is $201,500. Browse Homes in this Range.
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