Quick facts: Centralia, IL

Quick Facts

102.4
Cost of Living
above US average
11,931
Population
13.33
Crime Rate per 1000
below US average
$46,468
Median Income
below US average
$140,000
Median House Price
above US average
$946.2
Average Rent
below US average
12%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $46,468.

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Income Needed to Buy

βœ“ Affordable
$44k/year
Based on $140,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($46,468) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$41k/year
Based on $946.2/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($46,468) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Centralia, IL

Centralia is a city located in Marion and Clinton counties in the state of Illinois. Known for its rich history and small-town charm, Centralia was founded in 1856 and has a population of approximately 13,000 residents. It serves as a regional hub for commerce and services in the area. Centralia is notable for its impressive collection of historic architecture, with several buildings on the National Register of Historic Places. The city is home to a diverse array of shops, restaurants, and parks, providing both residents and visitors with recreational opportunities. The nearby Centralia Carillon is a standout attraction, boasting a remarkable 64-bell carillon, one of the largest in the country. Additionally, Centralia has a strong sense of community, often hosting local events and festivals that celebrate the city's heritage. The educational system is well-regarded, featuring several public and private schools serving the area. Outdoor enthusiasts can enjoy nearby parks and larger natural spaces, making Centralia a quaint yet vibrant place to live or visit in southern Illinois.

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