Quick facts: Flora, IL

Quick Facts

102.4
Cost of Living
above US average
4,719
Population
3.39
Crime Rate per 1000
below US average
$50,407
Median Income
below US average
$120,000
Median House Price
above US average
$1025.0
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $50,407.

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Income Needed to Buy

βœ“ Affordable
$38k/year
Based on $120,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($50,407) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$44k/year
Based on $1025.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($50,407) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Flora, IL

Flora is a charming city located in Clay County, Illinois, with a population of around 5,000 residents. Situated in the heart of Southern Illinois, Flora combines small-town charm with access to outdoor recreational activities. The city is known for its historic downtown area, which features a variety of shops, restaurants, and local businesses that reflect its rich cultural heritage. Flora is surrounded by scenic landscapes, including several parks and trails, making it an excellent spot for hiking, fishing, and camping. The nearby Flora Lake offers opportunities for water sports and leisurely activities. The community also hosts various events throughout the year, such as the Flora Homecoming Festival, which brings residents together for music, food, and entertainment. Education in Flora is served by the Flora Community Unit School District, offering quality education options for families. The city's friendly atmosphere and strong sense of community make it an inviting place for those seeking a slower-paced lifestyle while still enjoying the amenities of a small city. Overall, Flora is an ideal destination for anyone looking to explore Southern Illinois's natural beauty and community spirit.

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