Quick facts: Tamaroa, IL

Quick Facts

102.4
Cost of Living
above US average
536
Population
37.31
Crime Rate per 1000
above US average
$47,500
Median Income
below US average
$259,900
Median House Price
above US average
$1707
Average Rent
above US average
12%
Poverty Rate
above US average
5.2%
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 $47,500.

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Income Needed to Buy

βœ— Stretch
$82k/year
Based on $259,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $82k vs median $47,500
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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 $47,500
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Tamaroa, IL

Tamaroa is a small village located in Perry County, Illinois, with a population of around 600 residents as of the last census. Nestled in the southern part of the state, it embodies a tight-knit community atmosphere. The village was established in the late 19th century and has retained much of its historical charm, with several buildings dating back to that era. Tamaroa serves as a quintessential example of rural Midwestern life, characterized by a predominantly agricultural landscape. The community is engaged in various local activities and events that foster camaraderie among residents. Outdoor enthusiasts can enjoy the nearby parks and natural areas suitable for hiking, fishing, and picnicking. The village is conveniently situated near larger towns, providing access to additional amenities and services. Its location also allows residents to enjoy the tranquility of small-town living while being within commuting distance to more urban areas. With its welcoming vibe and simple lifestyle, Tamaroa offers a unique glimpse into the heart of Americana.

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