Quick facts: Lawrenceville, IL

Quick Facts

102.4
Cost of Living
above US average
4,209
Population
22.33
Crime Rate per 1000
below US average
$42,213
Median Income
below US average
$149,900
Median House Price
above US average
$1707
Average Rent
above US average
15%
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 $42,213.

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Income Needed to Buy

βœ— Stretch
$47k/year
Based on $149,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $47k vs median $42,213
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Income Needed to Rent

⚠ Stretch
$73k/year
Based on $1707/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $73k vs median $42,213
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lawrenceville, IL

Lawrenceville, Illinois, is a charming city located in the southeastern part of the state, serving as the county seat of Lawrence County. With a population of around 4,300 residents, it exudes a small-town feel while offering essential amenities and a friendly community atmosphere. The city is positioned along the banks of the Embarras River and is known for its picturesque landscapes. Lawrenceville boasts a rich history, with roots dating back to the early 1800s, evidenced by various historic buildings and museums. The city celebrates its heritage through events and festivals, including the annual Lawrence County Fair, which draws visitors from surrounding areas. Outdoor enthusiasts can explore local parks and recreational facilities that provide opportunities for hiking, fishing, and picnicking. The city is also conveniently located near several natural attractions, including the Middle Fork River National Wildlife Refuge. For education, Lawrenceville is served by a number of public schools and is in proximity to higher education institutions. Overall, Lawrenceville offers a tranquil lifestyle combined with community spirit, making it an inviting place to live and visit.

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