About Illinois economy

The real gross domestic product per capita (Engl. per capita GDP in real terms) in 2006 stood at $ 39,514 (national average of the 50 U.S. states: USD 37,714; place national ranking: 13) [6].

Illinois has very fertile soils, which mostly soy and corn cultivation (Corn Belt) will be dedicated. Incidentally, other products such as wheat, sorghum and fruits grown.

Apart from the agriculture industry also plays a significant role. Focus of the industrial economy of the state is naturally to the Rust Belt belonging Chicago. This has the poet Carl Sandburg in his poem “Chicago” immortalized “Hog Butcher for the World, Tool Maker, Stacker of Wheat, Player with Railroads and the Nation’s Freight Handler; Stormy, husky, brawling, City of Big Shoulders”. Because of the favorable traffic situation, where many rail routes at the southern tip of the Michigan meet, has developed a great battle and food processing industries. The waterway links from here on the Mississippi River and the St. Lawrence sea contribute to the role as a trade office (Chicago Board of Trade in commodities and futures transactions, as well as headquarters of several retail corporations such as Sears) and transport hub at. In the south of the city (on the border with Gary in Indiana), determined the iron and steel industry, the economic focus.

Illionois real estate values

Listing Type Number Median Price Price Change
from Sep
Homes for Sale 111,980 $249,000 0.0%
New Homes 198 $329,900 0.0%
Foreclosures 50,527 $173,117 -1.0%

Illinois real estate markets:

The most popular real estate markets for the Illinois state are in the following areas:

•    Chicago
•    Evanston
•    Milton
•    Palatine
•    Peoria
•    Rolling Meadows
•    Schaumburg
•    Wood River
•    Thornton
•    Edwardsville
Bear in mind that the list of Illinois real estate markets may be subject to change due to economic issues.