Quick facts: Caledonia, IL

Quick Facts

102.4
Cost of Living
above US average
182
Population
82.42
Crime Rate per 1000
above US average
$103,125
Median Income
above US average
$53,900
Median House Price
above US average
$1707
Average Rent
above US average
Poverty rate Data is updating, will be available soon
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 $103,125.

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Income Needed to Buy

βœ“ Affordable
$17k/year
Based on $53,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($103,125) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$73k/year
Based on $1707/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($103,125) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Caledonia, IL

Caledonia, Illinois, is a small village located in McHenry County, in the northern part of the state. Nestled just a few miles from the bustling city of Rockford, Caledonia offers a charming rural atmosphere with a close-knit community feel. The village is predominantly residential, making it an ideal place for families seeking a quiet lifestyle while still having access to urban amenities. Surrounded by picturesque landscapes, Caledonia features scenic parks and open spaces, perfect for outdoor activities such as hiking, biking, and nature walks. The area is also known for its agricultural roots, with local farms contributing to the community's charm. Caledonia is part of the highly rated Harford School District, enhancing its appeal to families with children. The village maintains a small-town vibe while being conveniently close to shopping, dining, and entertainment options in nearby towns. Overall, Caledonia is an inviting destination for those looking for a peaceful retreat in the heart of Illinois.

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