Quick facts: Cullom, IL

Quick Facts

102.4
Cost of Living
above US average
511
Population
48.92
Crime Rate per 1000
above US average
$58,472
Median Income
below US average
$199,000
Median House Price
above US average
$1707
Average Rent
above US average
9%
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 $58,472.

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Income Needed to Buy

βœ— Stretch
$62k/year
Based on $199,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $62k vs median $58,472
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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 $58,472
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cullom, IL

Cullom is a small village located in Livingston County, Illinois, with a population of just over 600 residents. Nestled in the heart of central Illinois, Cullom is characterized by its rural charm and tight-knit community. The village boasts a rich history, established in the late 19th century, and features several historic buildings that reflect its heritage. The nearby Kankakee River provides opportunities for outdoor recreation, including fishing and boating, attracting nature enthusiasts. While Cullom itself has a limited array of businesses and amenities, it is conveniently situated near larger towns, allowing residents to access more extensive services, shopping, and dining options. Cullom is known for its community events and friendly atmosphere, making it a quaint place for families and individuals seeking tranquility away from urban hustle. Local schools are integral to the community, emphasizing education and involvement in town activities. With its peaceful surroundings and welcoming spirit, Cullom exemplifies the charm of small-town life in Illinois.

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