Quick facts: Nashville, IL

Quick Facts

102.4
Cost of Living
above US average
3,046
Population
26.59
Crime Rate per 1000
above US average
$65,719
Median Income
below US average
$167,000
Median House Price
above US average
$1707
Average Rent
above US average
9%
Poverty Rate
below US average
5.0%
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 $65,719.

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Income Needed to Buy

βœ“ Affordable
$52k/year
Based on $167,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($65,719) exceeds requirement
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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 $65,719
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Nashville, IL

Nashville is a small city located in Washington County, Illinois, with a rich history and charming small-town atmosphere. Established in 1814, it serves as the county seat and offers a glimpse into Midwestern life. The city is known for its friendly community and laid-back environment, making it an ideal place for families and retirees. Nashville is home to several parks and recreational areas, providing residents with outdoor activities such as hiking, fishing, and picnicking. The city also hosts various annual events, including festivals and farmers' markets, that bring the community together. In terms of amenities, Nashville features local shops, dining options, and essential services, ensuring that residents have what they need without the hustle of larger urban areas. The nearby Kaskaskia River adds to the charm of the location, and the area's rich farmland enhances its scenic beauty. With a population of around 3,000, Nashville offers a close-knit community feel while being conveniently located near larger cities like St. Louis, which is about an hour’s drive away, allowing for easy access to urban amenities.

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