Quick facts: Alpha, IL

Quick Facts

102.4
Cost of Living
above US average
660
Population
15.15
Crime Rate per 1000
below US average
$66,719
Median Income
below US average
$139,500
Median House Price
above US average
$1707
Average Rent
above US average
8%
Poverty Rate
below 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 $66,719.

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Income Needed to Buy

βœ“ Affordable
$44k/year
Based on $139,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($66,719) 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 $66,719
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Alpha, IL

Alpha, Illinois, is a small village located in Mercer County, within the western part of the state. With a population of around 700 residents, Alpha offers a close-knit community atmosphere, characterized by a friendly and welcoming environment. The village is primarily residential, featuring charming homes and quiet streets. Agriculture plays a significant role in the local economy, with many nearby farms contributing to the area's rural charm. Alpha's location provides convenient access to larger cities, such as Moline and Rock Island, which are just a short drive away, offering additional amenities, shopping, and cultural experiences. Outdoor enthusiasts will appreciate the natural beauty surrounding Alpha, with opportunities for hiking, fishing, and enjoying the serene countryside. The village hosts various community events, fostering strong social ties among residents. Though it's a small community, Alpha captures the essence of small-town life in Illinois, where residents enjoy a peaceful lifestyle enriched by a sense of belonging. Overall, Alpha is an ideal location for those seeking a slower pace while still being close to more urban conveniences.

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