Quick facts: Highland, IL

Quick Facts

102.4
Cost of Living
above US average
10,009
Population
7.99
Crime Rate per 1000
below US average
$75,779
Median Income
below US average
$37,980
Median House Price
above US average
$941.92
Average Rent
below US average
7%
Poverty Rate
below US average
3.5%
Unemployment Rate
below 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 $75,779.

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Income Needed to Buy

βœ“ Affordable
$12k/year
Based on $37,980 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($75,779) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$40k/year
Based on $941.92/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($75,779) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Highland, IL

Highland is a charming city located in Madison County, Illinois, with a population of approximately 9,000 residents. Known for its picturesque landscapes and friendly community, Highland features a mix of historic and modern architecture, with a particular emphasis on small-town charm. The city is situated about 30 miles northeast of St. Louis, making it an attractive option for those who work in the larger metropolitan area but prefer a quieter lifestyle. Highland boasts a variety of recreational opportunities, including parks, walking trails, and community events throughout the year. The city's annual events, such as the Highland Fests, reflect its vibrant community spirit. The local economy is diverse, with a balance of agriculture, retail, and service industry jobs. Education is well-represented in Highland, with several public schools serving the community, as well as access to nearby higher education institutions. Highland also prides itself on its commitment to sustainability and community engagement, making it a desirable place for families and individuals seeking a close-knit community with convenient access to urban resources.

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