Quick facts: Brimfield, IL

Quick Facts

102.4
Cost of Living
above US average
762
Population
55.12
Crime Rate per 1000
above US average
$58,750
Median Income
below US average
$499,000
Median House Price
above US average
$2500.0
Average Rent
above US average
8%
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 $58,750.

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Income Needed to Buy

βœ— Stretch
$157k/year
Based on $499,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $157k vs median $58,750
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Income Needed to Rent

⚠ Stretch
$107k/year
Based on $2500.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $107k vs median $58,750
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Brimfield, IL

Brimfield is a small village located in Peoria County, Illinois. Nestled in the heart of central Illinois, Brimfield has a population of around 1,400 residents, offering a tight-knit community atmosphere. The village is primarily residential, with a mix of agricultural land surrounding it, reflecting its rural roots. Brimfield is situated approximately 15 miles east of Peoria, making it an ideal spot for those who appreciate a quieter lifestyle while still having access to the amenities of a larger city. The community is served by Brimfield Community Unit School District 319, providing education for its younger residents. The village hosts various local events and festivals throughout the year, fostering community spirit. Outdoor enthusiasts can enjoy nearby parks and recreational areas, providing opportunities for hiking, picnicking, and other outdoor activities. Brimfield is characterized by its friendly residents, historic charm, and a strong sense of community pride, making it a unique place to live or visit in central Illinois.

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