Quick facts: Sublette, IL

Quick Facts

102.4
Cost of Living
above US average
376
Population
13.3
Crime Rate per 1000
below US average
$52,813
Median Income
below US average
$44,700
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 $52,813.

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Income Needed to Buy

βœ“ Affordable
$14k/year
Based on $44,700 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($52,813) 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 $52,813
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sublette, IL

Sublette, Illinois, is a small village located in Lee County, approximately 95 miles west of Chicago. With a population of around 500 residents, Sublette offers a tight-knit community atmosphere. The village is surrounded by picturesque agricultural landscapes, making it ideal for those who appreciate rural living. A notable feature of Sublette is its strong sense of community, as residents often come together for local events and activities. The village is serviced by several local businesses that contribute to its charm, including family-owned shops and restaurants. Outdoor enthusiasts will enjoy the nearby recreational opportunities, including fishing and hiking in the surrounding natural areas. The local schools are part of the Lee County school district, providing education to children in the community. Sublette is conveniently located near larger cities like Dixon and Mendota, providing access to more extensive shopping, dining, and cultural experiences while maintaining the tranquility of small-town life. Overall, Sublette embodies the essence of rural Illinois, with its friendly community and serene environment.

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