Quick facts: Vergennes, IL

Quick Facts

102.4
Cost of Living
above US average
232
Population
8.62
Crime Rate per 1000
below US average
$50,500
Median Income
below US average
$169,900
Median House Price
above US average
$1707
Average Rent
above US average
10%
Poverty Rate
below US average
4.0%
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 $50,500.

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Income Needed to Buy

βœ— Stretch
$53k/year
Based on $169,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $53k vs median $50,500
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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 $50,500
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Vergennes, IL

Vergennes is a small, quaint village located in Jackson County, Illinois. Nestled in the southern part of the state, it is surrounded by picturesque landscapes and offers a peaceful, rural atmosphere. With a population of just a few hundred residents, Vergennes retains a tight-knit, community-oriented feel. The village is characterized by its charming homes, local parks, and friendly residents. It serves as a great place for those seeking a slow-paced lifestyle, with opportunities for outdoor activities like hiking, fishing, and enjoying nature. The nearby Shawnee National Forest offers additional recreational options, including trails and scenic views. Vergennes is part of a region rich in history, with various historical landmarks and sites nearby. While the village itself may not have a wide array of commercial amenities, its location provides residents with access to larger towns for shopping and services. Overall, Vergennes embodies the essence of small-town living in the heart of Illinois.

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