Quick facts: Poplar grove, IL

Quick Facts

102.4
Cost of Living
above US average
5,107
Population
1.96
Crime Rate per 1000
below US average
$91,023
Median Income
above US average
$240,000
Median House Price
above US average
$2375.0
Average Rent
above US average
Poverty rate Data is updating, will be available soon
4.2%
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 $91,023.

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Income Needed to Buy

βœ“ Affordable
$75k/year
Based on $240,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($91,023) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$102k/year
Based on $2375.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $102k vs median $91,023
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Poplar grove, IL

Poplar Grove is a charming village located in Boone County, Illinois. Nestled in the northern part of the state, this quaint community is characterized by its small-town atmosphere, friendly residents, and scenic landscapes. With a population that hovers around a few thousand, it offers a tight-knit community feel while still being close to larger urban centers such as Rockford and Belvidere. The village is known for its beautiful parks and outdoor recreational opportunities, including hiking, biking, and fishing sites. Poplar Grove is also home to the popular Poplar Grove Airport, which serves general aviation and hosts a variety of events throughout the year. The local economy blends small businesses with agricultural influence, attracting those who appreciate a rural lifestyle while still being within driving distance of bigger city amenities. Annual events and a commitment to community engagement make Poplar Grove a welcoming place for families and newcomers alike. In summary, Poplar Grove, IL, is a peaceful village offering a quality lifestyle with a strong sense of community and connection to nature.

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