Quick facts: Cobden, IL

Quick Facts

102.4
Cost of Living
above US average
1,045
Population
13.4
Crime Rate per 1000
below US average
$38,929
Median Income
below US average
$209,000
Median House Price
above US average
$1707
Average Rent
above US average
Poverty rate Data is updating, will be available soon
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 $38,929.

🏠

Income Needed to Buy

βœ— Stretch
$66k/year
Based on $209,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $66k vs median $38,929
🏒

Income Needed to Rent

⚠ Stretch
$73k/year
Based on $1707/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $73k vs median $38,929
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cobden, IL

Cobden, Illinois, is a small village located in Union County, in the southern part of the state. With a population of around 1,000 residents, it offers a tight-knit community feel. Nestled in the scenic Shawnee National Forest area, Cobden is known for its beautiful landscapes, including rolling hills, forests, and rivers, making it a great spot for outdoor activities such as hiking, fishing, and bird watching. The village was founded in the mid-1800s and has a rich agricultural heritage. It is surrounded by vineyards and wineries, reflecting the growing wine tourism in the region. Cobden is also famous for its annual events, including the Cobden Peach Festival, which celebrates the local peach harvest and features food, entertainment, and community activities. In terms of amenities, Cobden provides basic services, schools, and parks, while larger cities like Carbondale and Cape Girardeau are just a short drive away for more extensive shopping and entertainment options. With its combination of rural charm and access to natural beauty, Cobden serves as a peaceful place to live or visit.

πŸ” Search & Compare Places

First Location πŸ“