Grandwood Park 73 Excellent
Grandwood Park Livability #253 ranked city in Illinois#5,013 ranked city in the USARanks better than 82% of areas

Pros and Cons of Living in Grandwood Park

PROS
  • Crime

    The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.

  • Employment

    This area excels in the employment category with a score well above average, primarily due to the higher median home income, per capita income and low unemployment rates.

  • Housing

    High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.

  • Health & Safety

    Achieving a high health and safety score relies on factors including great air quality and convenient access to vital health facilities such as hospitals, doctors, clinics and police stations.

CONS
  • Amenities

    A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.

  • Commute

    Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.

  • Cost Of Living

    The cost of living in this area is notably high, making it a more expensive place to live. You'll find higher expenses for everyday goods and services, housing and groceries.

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What's it like Living in Grandwood Park?

Grandwood Park, Illinois is a smaller city with a population of 5,114 residents. In Grandwood Park, there are 3,532 people per square mile, which is well above the national population density average. If we take a look at the last Census, the vast majority of the population falls within one racial group (77% White). Given that fact, Grandwood Park could be considered less diverse than other cities. The average American spends about 26 minutes on their one way commute to work each day. Lower travel times can increase overall happiness and allow for more time to be spent with family and friends. While living in Grandwood Park, your commute times will be about average, with a one way commute time of 29 minutes.

Whether you’re relocating to a new area to be closer to family, friends or for a new job, living in Grandwood Park could be a positive experience compared to other cities in Illinois if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. Using the livability score which includes data from categories like cost of living, education, employment, you can easily compare the best places to live in Grandwood Park and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Grandwood Park to Illinois and the national average.

The livability score in Grandwood Park is 71/100 and the city is ranked in the 81st percentile of all cities across America. For each of the livability categories, we see that Grandwood Park ranks very well for crime (B+) and housing (A+). There is at least one category that did not score well in Grandwood Park. The following was graded with a disappointing score: amenities (F) and cost of living (F).

Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Grandwood Park, the unemployment rate stands at 1.1%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.

For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Grandwood Park 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. A thriving real estate market can also generate strong local economic activity and job creation.

There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Grandwood Park is actually affordable. The median home price for Grandwood Park homes is $254,800, which is 45.8% higher than the Illinois average. If we take a closer look at the affordability of homes in Grandwood Park, we’ll see that the home price to income ratio is 2, which is 33.3% lower than the Illinois average.

Best Places to Live in and Around Grandwood Park

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How Do You Rate The Livability In Grandwood Park?

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Compare Grandwood Park, IL Livability

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      Grandwood Park transportation information

      Statistic Grandwood Park Illinois National
      Average one way commute29min29min26min
      Workers who drive to work82.3%73.4%76.4%
      Workers who carpool4.3%8.3%9.3%
      Workers who take public transit2.3%9.2%5.1%
      Workers who bicycle0.0%0.6%0.6%
      Workers who walk1.2%3.1%2.8%
      Working from home8.9%4.4%4.6%
      Source: The Grandwood Park, IL data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).