Quick facts: Graymont, IL

Quick Facts

102.4
Cost of Living
above US average
232
Population
17.24
Crime Rate per 1000
below US average
$60,000
Median Income
below US average
$240,000
Median House Price
above US average
$1707
Average Rent
above US average
10%
Poverty Rate
below US average
5.0%
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 $60,000.

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Income Needed to Buy

βœ— Stretch
$75k/year
Based on $240,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $75k vs median $60,000
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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 $60,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Graymont, IL

Graymont is a small village located in Livingston County, Illinois. Situated approximately 12 miles south of the larger city of Pontiac, Graymont is primarily a residential community and offers a quiet, suburban atmosphere. The village is characterized by its friendly neighborhoods, where residents enjoy a close-knit community feel. The area features a mix of agricultural land and residential properties, making it ideal for those who appreciate rural living while still being accessible to larger urban amenities. Graymont's economy is largely influenced by farming and local services. Outdoor enthusiasts will find opportunities for recreational activities nearby, including parks and nature trails. Being less than 30 minutes away from Pontiac allows residents access to shopping, dining, and entertainment options. With a small population, Graymont provides a tranquil lifestyle, perfect for families and individuals looking for a peaceful environment in central Illinois. The village reflects the charm of small-town living, making it a unique spot in the broader agricultural landscape of the region.

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