Quick facts: Beardstown, IL

Quick Facts

102.4
Cost of Living
above US average
5,780
Population
3.81
Crime Rate per 1000
below US average
$58,804
Median Income
below US average
$125,000
Median House Price
above US average
$1707
Average Rent
above US average
Poverty rate Data is updating, will be available soon
5.1%
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 $58,804.

🏠

Income Needed to Buy

βœ“ Affordable
$39k/year
Based on $125,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($58,804) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$73k/year
Based on $1707/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $73k vs median $58,804
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Beardstown, IL

Beardstown is a small city located in Cass County, Illinois, with a rich history and a charming community atmosphere. Situated along the banks of the Illinois River, Beardstown was founded in 1825 and has played a significant role in the region's development. With a population of around 6,000 residents, it offers a blend of small-town hospitality and historical significance. The city is known for its historical sites, including the Beardstown Historic District, which features well-preserved 19th-century architecture. The Cass County Historical Society provides insight into the local heritage and history. Outdoor enthusiasts can enjoy scenic parks and recreational facilities, such as Beardstown Park and the riverfront for fishing and boating. Beardstown is also famous for its role in the local economy, historically tied to agriculture, which continues to be a significant industry today. The city hosts events like the Beardstown Strawberry Festival, celebrating the community spirit. With a close-knit community and rich traditions, Beardstown captures the essence of rural Illinois living.

πŸ” Search & Compare Places

First Location πŸ“