Quick facts: Thompsonville, IL

Quick Facts

102.4
Cost of Living
above US average
479
Population
Crime rate Data is updating, will be available soon
$43,352
Median Income
below US average
$149,000
Median House Price
above US average
$1707
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $43,352.

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Income Needed to Buy

βœ— Stretch
$47k/year
Based on $149,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $47k vs median $43,352
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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 $43,352
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Thompsonville, IL

Thompsonville is a small village situated in Benld Township, within the confines of Illinois’ Franklin County. Known for its quaint, rural charm, the village is part of a predominantly agricultural area, surrounded by lush farmland and natural beauty. With a population of around 1,000 residents, Thompsonville fosters a tight-knit community atmosphere, making it an ideal place for those seeking a peaceful lifestyle away from urban congestion. The village offers limited local amenities, including a few shops and services, but residents often travel to nearby towns for a wider variety of grocery, dining, and entertainment options. The area is rich in outdoor recreation opportunities, with proximity to parks and trails that cater to hiking, biking, and other outdoor activities. Historically, Thompsonville has roots in coal mining, which has shaped its development over the years. The nearby Shawnee National Forest provides a stunning backdrop for outdoor enthusiasts, with diverse landscapes and wildlife to explore. Overall, Thompsonville is a serene community that captures the essence of small-town living in the heart of Illinois.

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