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Overall Niche Grade
How are grades calculated?
  1. Public Schools
    C+
  2. Crime & Safety
    C+
  3. Housing
    C-
  4. Nightlife
    A+
  5. Good for Families
    B+
  6. Diversity
    B
  7. Jobs
    C+
  8. Weather
    C+
  9. Cost of Living
    C-
  10. Health & Fitness
    A+
  11. Outdoor Activities
    A
  12. Commute
    A+
Magnificent Mile is a neighborhood in Chicago, Illinois with a population of 1,801. Magnificent Mile is in Cook County and is one of the best places to live in Illinois. Living in Magnificent Mile offers residents an urban feel and most residents rent their homes. In Magnificent Mile there are a lot of bars, restaurants, coffee shops, and parks. Many young professionals and retirees live in Magnificent Mile and residents tend to be liberal.
About Magnificent Mile...
Population
1,801

Real Estate

Median Home Value
$552,600
National
$184,700
Median Rent
$1,840
National
$949
Area Feel
Urban
Rent vs. Own
  • Rent
    68%
  • Own
    32%
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Magnificent Mile Rankings

Niche ranks thousands of neighborhoods based on key statistics from the U.S. Census and and expert insights.

Crime & Safety

Crime & Safety
C+
Based on violent and property crime rates.
Violent Crimes
  • Calculated annually per 100,000 residents
National
  • Assault
    1,169.3
    282.7
  • Murder
    0
    6.1
  • Rape
    40.7
  • Robbery
    668.2
    135.5
Property Crimes
  • Calculated annually per 100,000 residents
National
  • Burglary
    167
    500.1
  • Theft
    48,051.2
    2,042.8
  • Motor Vehicle Theft
    334.1
    284
Home Security Options for Magnificent Mile
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  • 24/7 Whole home protection with no contract
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Residents

Diversity
B
Based on ethnic and economic diversity.
Median Household Income
$62,056
National
$55,322
Children
0%
Education Levels
National
  • Master's degree or higher
    39%
    12%
  • Bachelor's degree
    44%
    19%
  • Some college or associate's degree
    15%
    29%
  • High school diploma or equivalent
    1%
    28%
  • Less than high school diploma
    0%
    13%
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