Quick facts: Taylorville, IL

Quick Facts

102.4
Cost of Living
above US average
10,312
Population
2.33
Crime Rate per 1000
below US average
$49,471
Median Income
below US average
$160,000
Median House Price
above US average
$807.5
Average Rent
below US average
10%
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 $49,471.

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Income Needed to Buy

βœ— Stretch
$50k/year
Based on $160,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $50k vs median $49,471
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Income Needed to Rent

βœ“ Affordable
$35k/year
Based on $807.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($49,471) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Taylorville, IL

Taylorville, Illinois, is a charming city located in Christian County, with a rich history and a close-knit community. Established in 1839, it serves as the county seat and is known for its picturesque small-town charm. The city offers a variety of recreational activities, parks, and festivals, making it a great spot for families and outdoor enthusiasts. Taylorville is home to beautiful historical architecture, including the Christian County Courthouse and various preserved buildings that reflect its heritage. The city hosts the annual Taylorville Bluegrass Festival, attracting music lovers from all around, and features several local events throughout the year, such as the Christian County Fair. With a population of around 11,000 residents, Taylorville provides a friendly atmosphere and a strong sense of community. The local economy is primarily driven by agriculture, retail, and manufacturing, offering a range of job opportunities. Taylorville boasts access to quality education through its public schools and nearby community college options. Overall, Taylorville represents a blend of history, community spirit, and local tradition, making it a wonderful place to live or visit.

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