Quick facts: Benld, IL

Quick Facts

102.4
Cost of Living
above US average
1,428
Population
14.01
Crime Rate per 1000
below US average
$52,738
Median Income
below US average
$39,500
Median House Price
above US average
$1707
Average Rent
above US average
16%
Poverty Rate
above US average
4.0%
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 $52,738.

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Income Needed to Buy

βœ“ Affordable
$12k/year
Based on $39,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($52,738) 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 $52,738
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Benld, IL

Benld is a small city located in Macoupin County, Illinois. With a population of around 1,500 residents, it reflects a tight-knit community atmosphere. Founded in the late 19th century, Benld has historical roots tied to coal mining, which played a significant role in its development. The city is predominantly residential, offering a range of amenities for its residents, including parks, local businesses, and schools. Public parks provide recreational opportunities, making it a great spot for families and outdoor enthusiasts. Benld is situated near larger cities such as Carlinville and Gillespie, allowing residents to enjoy a quieter lifestyle while still having access to additional services and entertainment. The Illinois Route 4 runs nearby, providing convenient travel options to connect with other towns. Overall, Benld embodies the charm of a small town, with a strong sense of community, a rich history, and the natural beauty of central Illinois surrounding it. It’s an ideal place for those looking for tranquility away from the hustle of larger urban areas.

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