Schaumburg is one of the best places to invest in Illinois, offering a blend of suburban charm and vibrant city amenities. 

Located just 25 miles northwest of the Loop, this village is home to 77,082 residents who enjoy a high quality of life. The median household income in Schaumburg is $85,147, reflecting the prosperity and stability of the community. With a median home listing price of $325,000 and a median rent of $1,960, Schaumburg presents excellent opportunities for both homebuyers and investors looking to capitalize on a strong real estate market. The combination of affordable housing options and a high standard of living makes Schaumburg an attractive destination for families, professionals, and retirees alike.

The community’s motto, “Progress Through Thoughtful Planning,” perfectly encapsulates Schaumburg’s approach to growth and development. This forward-thinking attitude is evident in the village’s well-maintained infrastructure, robust public services, and diverse recreational opportunities. Residents have access to top-rated schools, a variety of parks and nature preserves, and a thriving business environment that supports local entrepreneurs and large corporations alike. In 2018, Money Magazine recognized Schaumburg as one of the best places to live in Illinois, highlighting its safe neighborhoods, excellent educational institutions, and rich cultural scene. 

Investing in Schaumburg means joining a community that values progress and inclusivity. The village's strategic location, strong economy, and diverse population make it a prime location for real estate investment. Whether you are looking to buy a home or invest in rental properties, Schaumburg offers a stable market with great potential for appreciation. The area's well-planned developments, combined with its attractive amenities and high quality of life, ensure that Schaumburg will continue to be a desirable place to live and invest for years to come.

Pros of Schaumburg

Here are nine positive factors in living in and investing in Schaumburg.

a. Diverse community

Schaumburg is a vibrant and culturally diverse community. Its diversity is one of its greatest strengths, creating a rich tapestry of cultures, traditions, and experiences. With a Diversity Index of 59, Schaumburg is home to many ethnic groups, making it a welcoming and inclusive place to live. This diversity is reflected in the variety of cultural festivals, restaurants, and community events that take place throughout the year, celebrating the unique heritage and traditions of its residents.

The history of Schaumburg's diversity dates back to its earliest inhabitants. The first people to live in the area were Native Americans from the Sauk, Pottawatomie, Kickapoo, and Fox nations. These indigenous communities laid the foundation for Schaumburg's rich cultural heritage. Over the years, the population has evolved, and today, Schaumburg is a melting pot of different ethnicities and backgrounds. This historical diversity has shaped the village into the vibrant community it is today, honoring its past while embracing the future.

Today, Schaumburg's population is composed of approximately 57% White, 25% Asian, 11% Hispanic, and 4% Black residents. This diverse demographic mix contributes to the community's dynamic atmosphere. 

The diverse population of Schaumburg brings numerous benefits to the community. It fosters a spirit of inclusivity and mutual respect, where people from different backgrounds come together to share their cultures and learn from one another. This cultural exchange is evident in the village's schools, workplaces, and social gatherings, creating a harmonious and enriching environment for everyone. Schaumburg's commitment to celebrating its diversity ensures that it remains a welcoming and attractive place for new residents and investors alike.

b. Very safe

Schaumburg is renowned for its exceptional safety, making it one of the most secure places to live in Illinois. Safety is a top priority for the local government and community, and this dedication is reflected in the village’s low crime rates. Residents can feel at ease knowing that Schaumburg takes every measure to ensure their well-being. The village’s commitment to maintaining a safe environment makes it an attractive place for families, professionals, and retirees who prioritize security in their living environment.

One of the most remarkable aspects of Schaumburg’s safety is the absence of murder cases. This is a significant indicator of the community's peaceful nature and the effectiveness of its law enforcement. Additionally, there are very few cases of robbery and theft in Schaumburg. The police department works diligently to maintain public safety, and their efforts are evident in the consistently low number of criminal incidents.

Violent crime in Schaumburg is nearly non-existent. The village experiences only 1 violent crime per 1,000 residents, a stark contrast to the Illinois state average of 4.07 per 1,000 residents. This impressive statistic highlights the effectiveness of Schaumburg’s public safety strategies and the strong community involvement in maintaining a secure environment. Residents actively participate in neighborhood watch programs and community policing initiatives, fostering a collaborative effort to keep the village safe.

The safe environment in Schaumburg contributes significantly to the overall quality of life. Families feel comfortable allowing their children to play outside, and residents can enjoy evening walks without concern. The low crime rates also have a positive impact on property values, making Schaumburg an attractive place for real estate investment. In summary, Schaumburg’s outstanding safety record is a testament to the village’s effective law enforcement, proactive community involvement, and the collective commitment to maintaining a peaceful and secure place to live.

c. Rich dining scene

Schaumburg's diverse population contributes to a vibrant and varied dining scene, making it a food lover's paradise. With over 300 restaurants and stores, residents and visitors have a wide array of culinary options to choose from. This rich dining scene reflects the multicultural makeup of the community, offering everything from traditional American fare to international cuisines. The abundance of dining establishments ensures that there is something to satisfy every palate, whether you’re in the mood for a quick bite, a casual meal, or a fine dining experience.

Among the many renowned dining spots in Schaumburg, Poke Bros stands out for its fresh and flavorful Hawaiian poke bowls, offering a taste of the islands right in the Midwest. Benihana provides an entertaining dining experience with its teppanyaki chefs preparing meals right at your table, blending delicious Japanese cuisine with theatrical flair. Weber Grill Restaurant Academy is a local favorite, known for its expertly grilled dishes and hands-on cooking classes, where patrons can learn to master the art of grilling themselves. Bahama Breeze brings a Caribbean flair to Schaumburg, serving up tropical dishes and cocktails in a vibrant, island-inspired setting.

In addition to its diverse restaurant offerings, Schaumburg is home to several charming coffee shops and lively bars, perfect for casual gatherings and socializing. Wildberry Pancakes & Cafe is a beloved spot for breakfast and brunch, famous for its hearty portions and delicious pancakes. Fox & Hound provides a cozy pub atmosphere where friends can enjoy a wide selection of beers, cocktails, and classic bar fare while watching their favorite sports. Escape Lounge and Sports Bar offers a relaxed setting for unwinding with a drink after a long day, featuring a variety of beverages and a welcoming ambiance.

Whether you’re craving a savory steak, fresh sushi, or a sweet dessert, Schaumburg’s restaurants and cafes offer a delightful dining experience for everyone. This thriving food culture enhances the overall quality of life in Schaumburg, making it a truly enjoyable place to live and visit.

d. Natural Scenery

Schaumburg is renowned for the beauty of its natural scenery, providing residents and visitors with a peaceful retreat from the hustle and bustle of everyday life. The village is home to several stunning parks and nature preserves, each offering unique experiences and activities. These green spaces enhance the quality of life in Schaumburg by providing ample opportunities for outdoor recreation, relaxation, and environmental education. The well-maintained parklands are a testament to Schaumburg’s commitment to preserving its natural beauty and promoting a healthy, active lifestyle for its community.

Meacham Grove Forest Preserve is one of Schaumburg’s most treasured natural areas. This expansive preserve features lush woodlands, scenic trails, and serene ponds, making it a perfect destination for hiking, birdwatching, and picnicking. The preserve’s diverse habitats support a variety of wildlife, providing nature enthusiasts with the chance to observe animals in their natural environment. Seasonal activities such as fishing and cross-country skiing are also popular here, allowing residents to enjoy the outdoors year-round.

Spring Valley Nature Center & Heritage Farm is another gem in Schaumburg’s collection of natural attractions. The Nature Center spans 135 acres and includes woodlands, wetlands, and prairies, offering a rich educational experience for visitors of all ages. The Heritage Farm, a living history museum, recreates life on a 19th-century farm. Here, visitors can learn about historical farming practices, interact with farm animals, and participate in seasonal activities such as maple syrup tapping and harvest festivals. The combination of natural beauty and historical education makes Spring Valley a unique and enriching destination.

Lilacia Park, though smaller in size, is equally enchanting. Known for its stunning display of lilacs and tulips, the park is a floral paradise, especially in the spring when the flowers are in full bloom. The park’s beautifully landscaped gardens provide a tranquil setting for leisurely strolls and photography. Lilacia Park also hosts various community events, including flower shows and concerts, making it a beloved spot for both relaxation and social gatherings.

Buffalo Creek Forest Preserve offers another fantastic escape into nature. This preserve features extensive trails that wind through prairies, wetlands, and woodlands, providing excellent opportunities for hiking, biking, and wildlife observation. The preserve is a haven for birdwatchers, with numerous species of birds inhabiting the area. Buffalo Creek also includes picnic areas and fishing spots, making it a versatile destination for family outings and nature lovers.

Residents of Schaumburg benefit from the village’s extensive parklands, which cover 1,100 acres and include 55 playgrounds. These parks are designed to cater to a wide range of recreational activities, from sports fields and courts to walking trails and picnic areas. The playgrounds provide safe and engaging spaces for children to play and explore, fostering a sense of community and promoting physical activity. The abundance of green spaces ensures that everyone in Schaumburg has access to nature and outdoor fun.

These natural areas not only enhance the beauty of the village but also contribute to the well-being and happiness of its residents. The commitment to preserving and enjoying these green spaces makes Schaumburg a wonderful place to live, work, and play.

e. Arts, Culture & Entertainment

Schaumburg offers a vibrant and eclectic arts and culture scene that enriches the lives of its residents and visitors. The town is home to a variety of attractions that cater to different tastes and interests, ensuring that there is always something to see and do. Whether you're an art enthusiast, a history buff, or just looking for some fun entertainment, Schaumburg has plenty to offer. The town’s dedication to fostering a rich cultural environment is evident in its numerous museums, theaters, and family-friendly venues.

One of the standout cultural attractions in Schaumburg is the Trickster Cultural Center. This unique museum is dedicated to showcasing contemporary Native American art and culture. Visitors can explore a wide range of exhibits featuring paintings, sculptures, and traditional crafts created by Native American artists. The center also hosts educational programs and workshops, providing an immersive experience that celebrates the rich heritage and contributions of Native American communities.

For those who enjoy live performances, the Laugh Out Loud Theater is a must-visit destination. This performing arts theater specializes in comedy and humor, offering a variety of shows that are sure to entertain. From improv comedy to stand-up acts, Laugh Out Loud Theater provides a fun and lively atmosphere where audiences can enjoy a good laugh. The theater also offers comedy classes and workshops for those interested in honing their comedic skills.

Schaumburg also caters to its youngest residents with the delightful Kids Art & Cafe. This innovative venue combines an indoor playground with an art space, allowing children to play and create in a safe and stimulating environment. The playground features slides, ball pits, and other fun equipment, while the art area offers various materials for drawing, painting, and crafting. Parents, nannies, and babysitters can relax in the cafe area, enjoying a cup of coffee while their children play and explore their creativity.

Woodfield Mall is another popular attraction in Schaumburg, offering a premier shopping and entertainment experience. As one of the largest malls in the United States, Woodfield Mall boasts a vast array of stores, ranging from high-end retailers to popular chain brands. The mall also features numerous dining options, a movie theater, and special events throughout the year, making it a bustling hub of activity and a great place to spend a day.

The Water Works is an exciting aquatic center that offers fun for the whole family. This indoor water park features a variety of pools, slides, and water attractions, including a lazy river and a water playground for kids. The facility also offers swimming lessons, fitness classes, and special events, making it a popular destination for both recreation and relaxation. The Water Works provides a refreshing escape and a great way to beat the heat during the summer months.

For those interested in the history and science of medicine, the Museum of Anesthesiology offers a fascinating glimpse into the field of anesthesiology. The museum features exhibits on the development of anesthesia techniques and equipment, as well as the history of pain management. Visitors can learn about the contributions of pioneers in the field and explore the evolution of medical practices that have significantly improved patient care.

The Prairie Center for the Arts is a cornerstone of Schaumburg’s cultural scene. This performing arts center hosts a diverse range of events, including theater productions, concerts, dance performances, and art exhibitions. The Prairie Center for the Arts is dedicated to promoting the arts and providing a platform for local and regional artists. With its varied programming, the center offers something for everyone, from classical music enthusiasts to contemporary art lovers.

Medieval Times is another unique attraction in Schaumburg that transports visitors back to the Middle Ages. This dinner theater offers a captivating experience, combining a medieval feast with an exciting live show featuring knights, jousting, and horseback riding. Guests can enjoy a four-course meal while watching the thrilling performances, making Medieval Times a popular destination for families and groups looking for a memorable night out.

f. Low unemployment and Strong Business Environment

Schaumburg is known for its strong economy and low unemployment rate, making it a thriving community with abundant opportunities for its residents. The village's economic success is driven by a diverse range of industries that provide a stable and dynamic job market. Schaumburg's strategic location, excellent infrastructure, and supportive business environment have attracted numerous companies, both large and small, ensuring that there are always plenty of employment opportunities available.

One of the key factors contributing to Schaumburg's economic strength is its booming service and goods industry. The presence of major corporations, retail giants, and a variety of service-oriented businesses has created a robust local economy. Companies like Motorola Solutions and Zurich North America have their headquarters in Schaumburg, providing thousands of jobs and fostering economic growth. Additionally, the extensive retail sector, anchored by Woodfield Mall, one of the largest shopping centers in the United States, plays a significant role in sustaining the local economy by attracting shoppers and tourists from across the region.

Schaumburg's unemployment rate is impressively low at 3.2 percent, which is below the national average. This low unemployment rate is a testament to the village's vibrant job market and the effectiveness of its economic policies. The local government and business organizations work tirelessly to create a conducive environment for businesses to thrive. Initiatives such as job fairs, business workshops, and networking events are regularly organized to connect job seekers with potential employers and to support the growth of local enterprises.

Local businesses in Schaumburg thrive due to the strong support from organizations like the Schaumburg Business Association and the Small Business Center. These organizations provide valuable resources, training, and networking opportunities to help businesses succeed. They also advocate for policies that promote economic development and ensure a favorable business climate. The sense of community and mutual support among local businesses further strengthens the economy, as businesses collaborate and support one another, contributing to a vibrant and resilient economic ecosystem in Schaumburg.

g. Topnotch schools

Schaumburg is home to an excellent educational system, primarily served by School Districts 54 and 211. These districts are renowned for their commitment to academic excellence and comprehensive student support services. The schools in these districts consistently receive high ratings for their educational quality, making Schaumburg an attractive place for families who prioritize education. The emphasis on high standards and well-rounded development ensures that students are well-prepared for future success, whether in higher education or the workforce.

William Fremd High School, part of District 211, is one of the top-rated schools in the area. It offers a rigorous academic curriculum, a wide range of Advanced Placement (AP) courses, and numerous extracurricular activities. Fremd High School is known for its strong emphasis on academic achievement and college readiness. The school’s dedicated faculty and staff provide personalized support to help students excel in their studies and develop essential life skills. The school’s robust arts and athletics programs also contribute to a well-rounded education, fostering creativity and teamwork among students.

James B. Conant High School, also part of District 211, is another exemplary institution in Schaumburg. Conant High School is recognized for its innovative teaching methods and comprehensive academic programs. The school offers a variety of AP and honors courses, allowing students to challenge themselves and earn college credit. Conant High School is also known for its strong science, technology, engineering, and mathematics (STEM) programs, preparing students for careers in these high-demand fields. The school’s commitment to academic excellence is reflected in its impressive state exam results and high college acceptance rates.

Hoffman Estates High School, serving students in both Schaumburg and Hoffman Estates, is known for its supportive learning environment and diverse educational offerings. The school provides a wide range of academic courses, including AP classes, as well as vocational and technical programs. Hoffman Estates High School emphasizes the importance of community involvement and encourages students to participate in service projects and extracurricular activities. The school’s dedicated staff works closely with students to ensure they receive the guidance and resources needed to achieve their academic and personal goals.

Schaumburg High School, part of District 211, is another top-performing school in the area. The school has a strong reputation for academic excellence, with a majority of its students demonstrating proficiency in reading and math. Schaumburg High School offers a comprehensive curriculum that includes AP courses, honors classes, and a variety of elective options. The school also provides extensive support services, including tutoring, counseling, and college preparation programs. Schaumburg High School’s commitment to fostering a positive and inclusive learning environment helps students thrive both academically and socially.

Rolling Meadows High School, also part of District 211, is known for its commitment to academic rigor and student achievement. The school offers a diverse range of academic programs, including AP courses and specialized tracks in areas such as business, arts, and technology. Rolling Meadows High School emphasizes the importance of holistic development, providing students with opportunities to excel in academics, athletics, and the arts. The school’s dedicated teachers and staff work to create a nurturing environment that supports student growth and success.

Overall, the schools in Schaumburg are distinguished by their high academic standards, dedicated faculty, and comprehensive support services. With impressive state exam results showing that 71% of pupils are proficient in arithmetic and 62% are proficient in reading, it is clear that these schools are providing a strong educational foundation for their students. The commitment to excellence in education ensures that students in Schaumburg are well-prepared for future academic and professional endeavors, making the community an ideal place for families who value high-quality education.

h. Varied transportation options

Schaumburg boasts an excellent transportation system that provides a variety of options for residents and visitors to navigate the area efficiently. The comprehensive network ensures that everyone, from daily commuters to occasional travelers, can find a convenient and reliable mode of transportation. Whether you prefer public transit, specialized services, or driving, Schaumburg's transport infrastructure is designed to meet diverse needs and promote ease of movement throughout the community.

One of the standout features of Schaumburg's transport system is the Woodfield Trolley. This service provides a convenient and free way to travel around the Woodfield area, one of the largest shopping and entertainment districts in the region. The Woodfield Trolley connects major destinations such as Woodfield Mall, various hotels, and other key shopping and dining venues. It runs frequently, ensuring minimal wait times, and offers a hassle-free way for shoppers and tourists to explore the area without the need to drive and park.

Dial-A-Ride Transportation (DART) is another valuable service in Schaumburg, offering flexible and accessible transport options for residents. DART is a curb-to-curb service that caters to individuals who may not have access to regular public transit, including seniors and those with disabilities. This service allows users to schedule rides in advance, providing a reliable and personalized transportation solution. DART helps ensure that all residents can access essential services, healthcare, and recreational activities, promoting inclusivity and independence.

For those commuting to Chicago and other nearby areas, the Metra Train Service is an essential part of Schaumburg's transportation network. The Metra station in Schaumburg provides easy access to the Milwaukee District/West Line, which connects to downtown Chicago. This service is highly valued by daily commuters who prefer the comfort and convenience of train travel over driving in congested traffic. Metra trains are known for their punctuality and efficiency, making them a popular choice for both work and leisure trips.

Pace Bus Service complements Schaumburg’s transport options by providing extensive bus routes throughout the village and the surrounding region. Pace buses connect key residential areas, business districts, and transit hubs, offering an affordable and eco-friendly way to travel. The bus service is designed to integrate seamlessly with other transportation modes, such as Metra trains, to facilitate smooth and efficient commutes. Regular schedules and numerous stops make Pace buses a practical choice for daily travel needs.

Schaumburg also caters specifically to its senior population with dedicated Senior Transportation Services. These services are tailored to meet the unique needs of older adults, ensuring they have access to reliable and comfortable transportation. Senior Transportation Services provide rides to medical appointments, shopping centers, social activities, and more, helping seniors maintain their independence and stay connected with the community. The service is typically operated with a focus on safety and convenience, with drivers trained to assist passengers as needed.

i. Family-friendly

Schaumburg is well-regarded as one of the most family-friendly neighborhoods in Illinois, offering a perfect blend of suburban tranquility and modern amenities. Families in Schaumburg can enjoy a peaceful environment with access to excellent schools, parks, and recreational facilities. The village's extensive park system, which includes over 1,100 acres of parkland and 55 playgrounds, provides plenty of space for children to play and families to spend quality time outdoors. Additionally, Schaumburg's low crime rate ensures a safe and secure environment, making it an ideal place for raising children.

The community in Schaumburg is incredibly welcoming and inclusive, fostering a sense of belonging among residents. The diverse population, which includes a mix of ethnicities and cultures, creates a rich cultural tapestry and promotes mutual respect and understanding. Community events and cultural festivals are regularly held, celebrating this diversity and bringing people together. The presence of numerous family-oriented activities and facilities, such as the Schaumburg Library, various sports leagues, and youth programs, further enhances the family-friendly atmosphere. Parents can find ample opportunities for their children to engage in educational and extracurricular activities, helping them to grow and thrive.

Schaumburg also offers a wide range of modern amenities that cater to the needs of families. From excellent healthcare facilities to convenient shopping centers like Woodfield Mall, everything a family might need is within easy reach. The village boasts a variety of dining options, including family-friendly restaurants that cater to all tastes. Public transportation options, such as the Woodfield Trolley and Pace Bus Service, make it easy for families to get around. The combination of these amenities, along with the supportive and inclusive community, ensures that families in Schaumburg can live, work, and raise their children in a nurturing and vibrant environment.

Cons

I know, as we are based in Schaumburg, it might be counter-intuitive for me to do this. But as a fiduciary real estate agent, it is my duty to also inform you about the cons of Schaumburg.

a. High cost of living

Schaumburg, while highly regarded and named fifth on a list of the best places to live in America, comes with a higher cost of living that reflects its desirability and amenities. The cost of living in Schaumburg is significantly above the national average, making it a more expensive place to call home. Various factors contribute to this elevated cost, from housing and transportation to everyday expenses like groceries and utilities. Despite the higher costs, many find the quality of life and opportunities in Schaumburg worth the investment.

The overall cost of living in Schaumburg is 62% higher than the national average, which can be challenging for some residents. Housing costs are a major factor in this equation, with property values and rental prices reflecting the area's desirability and the quality of the local amenities. 

Transportation costs in Schaumburg are also notably higher, with gas prices and public transportation fares being 24% more than the national average. Commuting and daily travel expenses can quickly add up, particularly for those who rely on their vehicles or public transport to get to work and other destinations. The convenience and accessibility of transportation options, such as the Metra Train Service and Pace Bus Service, come at a premium, reflecting the overall high demand and usage.

Grocery prices in Schaumburg are another contributing factor to the higher cost of living, being 6% more expensive than the national average. The availability of high-quality and diverse food options might justify these costs for some residents, but it's an important consideration for those planning to move to the area.

With an average cost of living of $1,676, Schaumburg ranks among the top 24% of the world's most expensive cities. This ranking highlights the premium that comes with living in such a sought-after and well-equipped suburb. For many, the benefits of living in Schaumburg, such as excellent schools, safe neighborhoods, and abundant recreational opportunities, outweigh the higher costs. However, it's crucial for prospective residents to carefully consider their budget and financial planning before making the move to ensure they can comfortably afford the lifestyle that Schaumburg offers.

b. High taxes

Schaumburg, Illinois, has a complex tax system. The base state sales tax is 5%, with additional county and municipal taxes applied depending on the specific location. In Cook County, the total sales tax rate for general merchandise is 10%, while in DuPage County, it is 8%. This includes a 1% tax for the Village of Schaumburg, a 1% home rule sales tax, and contributions to the Regional Transportation Authority, which vary between the counties.

For liquor and prepared foods, Schaumburg imposes a 2% tax, resulting in a total tax rate of 12% in Cook County and 10% in DuPage County. Grocery and drug purchases are taxed at a lower rate, with a combined total of 2.25% in Cook County and 1.75% in DuPage County. These taxes reflect the need to balance revenue generation with maintaining affordability for essential goods.

Licensed vehicles in Schaumburg are subject to varying tax rates based on the county. In Cook County, the total tax rate is 8.25%, including contributions to the state, village, Regional Transportation Authority, and a 1.25% use tax specific to Cook County. In DuPage County, the total tax rate for licensed vehicles is 7%, which includes similar contributions but with a lower county-specific tax.

Schaumburg’s sales tax structure is designed to support local services and infrastructure while accommodating the diverse needs of its residents and businesses. The varying tax rates between Cook and DuPage Counties illustrate the complexity of regional tax policies and their impact on local economies. For retailers and consumers alike, understanding these tax rates is essential for compliance and financial planning. The village ensures transparency and provides resources for verifying current rates through local and state revenue departments. 

Schaumburg, Illinois, has a well-structured tax system that supports its vibrant community and well-maintained infrastructure. Among the various taxes levied in the village, property tax stands out at 7.83%. This tax is critical in funding local services such as public education, road maintenance, and public safety. Property taxes are assessed based on the value of real estate, ensuring that property owners contribute to the overall well-being and development of the community. The rate of 7.83% is reflective of the village's commitment to maintaining high-quality public services and infrastructure.

In addition to property taxes, Schaumburg imposes an Amusement Tax of 5%. This tax applies to any fee or charge made for admission to amusement events, including concerts, sports events, and theaters. The revenue generated from this tax helps fund cultural and recreational activities, enhancing the quality of life for residents and providing entertainment options that are diverse and engaging. The Amusement Tax ensures that those who enjoy these events contribute to the sustainability of Schaumburg’s vibrant cultural scene.

The Automobile Lease Tax in Schaumburg is set at $1.00 per vehicle per leasing period. This tax applies to vehicles leased within the village and contributes to the funding of local transportation infrastructure. By imposing this tax, Schaumburg ensures that the costs associated with maintaining and improving roads and transportation services are partially offset by those who utilize leased vehicles. This approach helps maintain the quality and safety of the village's transportation network.

Schaumburg also imposes an 8% Hotel & Motel Tax on the use and privilege of renting, leasing, or letting rooms in motels and hotels. This tax generates significant revenue from visitors and travelers, which is then reinvested into local tourism, hospitality services, and community projects. The Hotel & Motel Tax helps Schaumburg attract and accommodate tourists while ensuring that visitors contribute to the local economy and infrastructure.

The village's Local Motor Fuel Tax is set at three cents ($0.03) per gallon of motor fuel. This tax is applied to gasoline and diesel sales, with the revenue used to fund transportation projects, road maintenance, and other related services. The Local Motor Fuel Tax ensures that those who use the village's roads and highways contribute to their upkeep, promoting a well-maintained and efficient transportation system.

Schaumburg also levies a Real Estate Transfer Tax of $1 per $1,000 of property value. This tax is paid when real estate transactions occur, providing a source of revenue for various municipal services. The Real Estate Transfer Tax helps fund public services such as parks, libraries, and public safety, ensuring that the community benefits from the transfer of property ownership within the village.

Finally, the village imposes a 6% Simplified Telecommunications Tax on telecommunications services. This tax applies to phone and internet services, generating revenue that supports the village’s infrastructure and public services. 

These taxes ensure that the village can maintain its infrastructure, provide essential services, and continue to be a vibrant, thriving community.

c. Volatile weather

Schaumburg is known for its unpredictable weather, which can vary widely throughout the year. Winters are cold, with daily highs typically around 35°F, though temperatures can drop as low as 14°F or rise to about 55°F on milder days. Nighttime lows often hover around 21°F but can dip to -4°F or occasionally climb above 40°F.

The village also experiences a range of weather phenomena, including tornadoes. Over recent years, Schaumburg has recorded at least 78 tornadoes, highlighting the importance of staying informed and prepared for severe weather conditions. These tornadoes can occur unexpectedly, adding to the unpredictability of the local climate.

Spring and fall in Schaumburg are transitional seasons, with temperatures gradually warming up or cooling down, respectively. These seasons can bring a mix of sunny, rainy, and windy days, making it essential for residents to stay updated on weather forecasts. The variability of the weather during these times requires flexibility in planning outdoor activities and daily routines.

Summer in Schaumburg tends to be warm and humid, with occasional thunderstorms. While the average high temperatures during the summer months can be quite pleasant, reaching around 80°F, the weather can quickly change, bringing sudden rain showers or storms. This season provides ample opportunities for outdoor enjoyment, but it's also important to remain vigilant for weather alerts and prepared for sudden shifts in conditions.

Conclusion

Living in Schaumburg offers numerous benefits, from safety and top-notch schools to a thriving job market and diverse cultural scene. While the cost of living and taxes might be higher than the national average, the quality of life, investment potential, and community benefits make it worthwhile. With its robust economy, excellent schools, and vibrant community, Schaumburg is not just a place to live but a place to thrive.

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