Quick facts: Wyanet, IL

Quick Facts

102.4
Cost of Living
above US average
871
Population
11.48
Crime Rate per 1000
below US average
$57,188
Median Income
below US average
$200,400
Median House Price
above US average
$1707
Average Rent
above US average
8%
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 $57,188.

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Income Needed to Buy

βœ— Stretch
$63k/year
Based on $200,400 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $63k vs median $57,188
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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 $57,188
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wyanet, IL

Wyanet is a small village located in Bureau County, Illinois. Situated in the north-central part of the state, Wyanet lies approximately 90 miles southwest of Chicago and about 10 miles northeast of the larger city of Princeton. With a population of around 1,300 residents, it embodies the charm of a tight-knit rural community. The village is characterized by its picturesque landscapes, featuring rolling fields and a tranquil environment that attracts those looking for a peaceful lifestyle. It is primarily residential, with a mix of families, retirees, and young professionals. Wyanet offers basic amenities, including local dining options, shops, and parks, making it suitable for a quiet living experience. The area is also renowned for its outdoor recreational opportunities, with nearby rivers and parks perfect for activities like fishing, hiking, and camping. Local schools are part of the Bureau Valley Community Unit School District, providing education for children in the area. Wyanet's community spirit is evident through various local events and gatherings that foster a sense of belonging among its residents. Overall, Wyanet is an ideal place for those seeking a rural lifestyle with a supportive community atmosphere.

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