Quick facts: Rock falls, IL

Quick Facts

102.4
Cost of Living
above US average
8,620
Population
32.6
Crime Rate per 1000
above US average
$48,390
Median Income
below US average
$117,500
Median House Price
above US average
$705.0
Average Rent
below US average
13%
Poverty Rate
above US average
3.1%
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 $48,390.

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Income Needed to Buy

βœ“ Affordable
$37k/year
Based on $117,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($48,390) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$30k/year
Based on $705.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($48,390) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Rock falls, IL

Rock Falls is a charming city located in Whiteside County, Illinois, along the banks of the Rock River. With a population of around 9,000 residents, it offers a small-town atmosphere combined with convenient access to urban amenities. Established in the mid-19th century, Rock Falls has a rich history, characterized by its early industries and railroads. The city boasts a variety of recreational opportunities, with parks and natural areas that encourage outdoor activities such as hiking, fishing, and boating. The scenic Rock River adds to the area's appeal, providing picturesque views and a setting for water sports. Downtown Rock Falls features a range of local shops, eateries, and community events that foster a sense of belonging. The city also hosts annual events such as the Rock Falls River Chase, promoting community spirit and engagement. Education is supported by several local schools, with options for higher education available in nearby cities. Rock Falls combines the tranquility of a rural environment with access to larger urban centers like Sterling, making it an appealing place for families and individuals seeking a balanced lifestyle.

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