Quick facts: Hartford, IL

Quick Facts

102.4
Cost of Living
above US average
1,168
Population
2.57
Crime Rate per 1000
below US average
$42,591
Median Income
below US average
$139,900
Median House Price
above US average
$1707
Average Rent
above US average
14%
Poverty Rate
above US average
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 $42,591.

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Income Needed to Buy

βœ— Stretch
$44k/year
Based on $139,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $44k vs median $42,591
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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 $42,591
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hartford, IL

Hartford is a small village located in Madison County, Illinois, with a close-knit community and rich history. Situated just east of the Mississippi River and about 12 miles northeast of St. Louis, Missouri, Hartford offers a quiet, suburban feel while still being conveniently close to the bustling metropolitan area. The village has a population of around 1,500 residents, making it a tight community where neighbors often know one another. Hartford is known for its charming residential areas, local parks, and recreational facilities. The village emphasizes outdoor activities, with opportunities for fishing, hiking, and picnicking in nearby parks. The local schools strive to provide quality education and foster community involvement. Visitors and residents can enjoy a small-town atmosphere while having easy access to the larger city amenities of St. Louis, including dining, shopping, and cultural attractions. Hartford embodies the essence of Midwestern hospitality, making it a lovely place to live or visit for those seeking a serene environment close to urban conveniences.

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