Quick facts: La moille, IL

Quick Facts

102.4
Cost of Living
above US average
676
Population
Crime rate Data is updating, will be available soon
$63,973
Median Income
below US average
$109,000
Median House Price
above US average
$1707
Average Rent
above 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 $63,973.

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Income Needed to Buy

βœ“ Affordable
$34k/year
Based on $109,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($63,973) 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 $63,973
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for La moille, IL

La Moille is a quaint village located in the north-central region of Illinois, specifically within Bureau County. Known for its small-town charm, La Moille boasts a close-knit community and a peaceful rural ambiance. Positioned approximately 130 miles southwest of Chicago, the village has a population of around 600 residents, offering a friendly atmosphere where neighbors easily connect. The area is characterized by scenic landscapes, featuring farmlands and rolling hills that are typical of this part of Illinois. Local amenities include parks and outdoor spaces, providing opportunities for recreational activities and community events. While La Moille may not have extensive commercial attractions, residents often enjoy the serenity and simplicity of life in a rural setting. La Moille is also conveniently located near larger towns, such as Mendota and Princeton, where residents can access more extensive shopping, dining, and entertainment options. The village serves as a peaceful retreat for those seeking a slower pace of life, making it an appealing choice for families and retirees alike.

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