Quick facts: Plymouth, IL

Quick Facts

102.4
Cost of Living
above US average
427
Population
23.42
Crime Rate per 1000
above US average
$50,341
Median Income
below US average
$1,195,000
Median House Price
above US average
$1707
Average Rent
above US average
9%
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 $50,341.

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Income Needed to Buy

βœ— Stretch
$375k/year
Based on $1,195,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $375k vs median $50,341
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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 $50,341
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Plymouth, IL

Plymouth is a small village located in Hancock County, Illinois. Nestled in the scenic countryside of Western Illinois, it is known for its close-knit community and peaceful rural lifestyle. With a population of just a few hundred residents, Plymouth offers a quiet escape from the hustle and bustle of larger urban areas. The village features charming, historic buildings and a few local businesses that cater to the needs of its residents. The surrounding landscape is characterized by agriculture, providing picturesque views and a connection to the area's farming heritage. Plymouth is conveniently situated near larger towns like Carthage and Quincy, offering residents access to more extensive shopping, dining, and recreational options while maintaining a serene atmosphere. Nature enthusiasts can explore nearby parks and trails, with opportunities for outdoor activities such as fishing and hiking. Overall, Plymouth embodies the essence of small-town living in Illinois, where community spirit and tranquility are at the forefront of daily life.

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