Quick facts: Kincaid, IL

Quick Facts

102.4
Cost of Living
above US average
1,323
Population
80.88
Crime Rate per 1000
above US average
$63,810
Median Income
below US average
$164,900
Median House Price
above US average
$1707
Average Rent
above US average
10%
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 $63,810.

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Income Needed to Buy

βœ“ Affordable
$52k/year
Based on $164,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($63,810) exceeds requirement
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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 $63,810
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Kincaid, IL

Kincaid is a small village located in Christian County, Illinois. With a population of around 1,300 residents, it offers a close-knit community atmosphere characterized by its friendly charm and rural neighborhoods. The village is situated approximately 30 miles southwest of Springfield, the state capital, making it accessible for those who work in the city but prefer a quieter, small-town lifestyle. Kincaid is primarily residential, with a mix of single-family homes and local businesses. The surrounding area is primarily agricultural, reflecting the traditional farming landscape of Central Illinois. Residents enjoy recreational opportunities at nearby parks and community events, which often bring people together to celebrate local culture. The village maintains a small-town feel, with essential services and amenities available to residents. Kincaid's peaceful environment, low cost of living, and strong sense of community make it an appealing place to live for families and individuals seeking a simpler lifestyle away from the hustle of larger cities.

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