Edgar County Real Estate and Livability Trends
Edgar County, Illinois is seeing a notable rise in average taxable income, from $48,484.72 in 2013 to $61,149.74 in 2021, possibly suggesting a strengthening local economy. However, state and local income taxes have also risen significantly, potentially due to higher incomes or property values. Real estate remains relatively affordable with median home values at $94,100 in 2022, much lower than... Read more
Edgar County Market Trends
Edgar County, Illinois, has seen a steady rise in median home values, peaking at $94,100 in 2022, though still considerably lower than the state median of $239,100 and the U.S. median of $179,400. This affordability might appeal to investors or new residents looking for lower-cost real estate. The residential energy tax credit fluctuated, peaking at $1,933.33 in 2019 but settling at $950.00 in... Read more
Median Value of Occupied Housing Units in Edgar County, Illinois Over the Last 8 Years
Edgar County, Illinois, has seen a steady rise in median home values over the last eight years, peaking at $94,100 in 2022. While this increase is encouraging, it's significant to note that Edgar County's home values remain markedly lower compared to the state of Illinois and the national average. For instance, Illinois reached a median value of $239,100 in 2022, while the U.S. jumped to $179,400. These differences might present a unique opportunity for investors or new residents who seek more affordable real estate options while still benefiting from an upward market trajectory.
Residential Energy Tax Credit Per Tax Return in Edgar County, IL Over the Last 8 Years
In Edgar County, Illinois, the average residential energy tax credit per tax return has shown notable fluctuations over the last eight years. The amount increased significantly from $466.67 in 2014 to a peak of $1,933.33 in 2019, reflecting a growing investment in energy-efficient improvements. However, by 2021, this amount had settled to $950.00. These variations might suggest changing homeowner priorities or evolving incentives, making it an interesting point of consideration for potential investors, real estate agents, and anyone involved in property development and home improvements.
Average Real Estate Taxes Per Tax Return in Edgar County, IL Over the Last 10 Years
Over the past decade, Edgar County, Illinois has experienced a noticeable uptick in average real estate taxes per tax return. While the early 2010s saw figures around $2,600.00, significant increments started around 2014, leading to a peak in 2020 at $4,256.25 before a slight dip in 2021. This trend could reflect rising property values or shifts in local tax policies. Such data might be crucial for potential investors, appraisers, and real estate agents as they evaluate the financial landscape of the area.
Percentage of Farm Returns in Edgar County, IL Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Edgar County, Illinois has shown a slight decline, dropping from about 6.82% in 2012 to 6.10% in 2021. Farm tax returns, a reflection of the number of farmland owners filing taxes, indicate trends in agricultural activity, economic viability, and land use. This downtrend might suggest either consolidation of smaller farms into larger operations or a reduction in farming activity. Understanding these shifts could be crucial for investors or new residents considering agricultural investments or property purchases, as they reflect broader economic and demographic changes within the county.
Number of Mortgages by Occupancy Type in Edgar County, IL Over the Last 5 Years in Edgar County
Over the past five years, Edgar County, Illinois has seen a consistently higher number of mortgages for principal residences compared to investment and second residences. Noticeable peaks occurred in 2021 for principal residences, with 528 mortgages, possibly indicating shifts in population or housing demand. Meanwhile, second residence mortgages have remained minimal, implying limited interest in vacation or secondary homes. Shifts in occupancy types can signal changing economic conditions, local housing market dynamics, and investment opportunities—key for investors, realtors, appraisers, and insurance agents assessing risk and value.
Economic Outlook
Edgar County, Illinois has experienced a steady rise in average taxable income per tax return, jumping from $48,484.72 in 2013 to $61,149.74 in 2021, hinting at a potentially strengthening local economy that could draw interest from investors and new residents. At the same time, there has been a marked increase in average state and local income taxes, ballooning from $5,038.58 in 2012 to $11,331.25 in 2021, which might be linked to rising property values or higher incomes. Additionally, average... Read more
Average Taxable Income per Tax Return in Edgar County, IL over the last 9 years
Over the past nine years, Edgar County, Illinois has seen a gradual increase in the average taxable income per tax return, rising from $48,484.72 in 2013 to $61,149.74 in 2021. This upward trend may suggest a strengthening local economy, which could be attractive to potential investors, developers, and those considering moving to the area. The notable jump from $53,328.48 in 2018 to over $61,000 by 2021 may indicate improved economic conditions or job opportunities that are driving this increased income level.
Average State and Local Income Taxes Per Tax Return in Edgar County, IL Over the Last 10 Years
Over the past decade, Edgar County, Illinois has seen a significant rise in average state and local income taxes per tax return, moving from $5,038.58 in 2012 to an impressive $11,331.25 in 2021. This steep increase, especially noticeable post-2018, suggests a shifting economic landscape potentially tied to rising property values, increased incomes, or legislative changes. For investors and residents, this trend underscores the importance of understanding the financial commitments associated with living or investing in the area.
Average Total Tax Liability Per Tax Return in Edgar County, IL Over the Last 10 Years
Over the past decade, Edgar County, Illinois has seen fluctuations in average total tax liability per tax return, ranging from $7,294.18 in 2018 to a high of $8,569.72 in 2021. This data may be indicative of various economic factors affecting the area, including shifts in income levels and possibly changes in local tax policies. For potential investors or those looking to move to Edgar County, these variations in tax liability could impact financial planning and cost of living considerations.
Cost of Living in Edgar County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $964 | $1,343 | $2,569 | $1,058 | $1,343 |
| 1 adult 4 children | $964 | $1,097 | $1,970 | $1,058 | $1,372 |
| 2 adults 3 children | $964 | $1,097 | $2,227 | $1,058 | $1,094 |
| 1 adult 3 children | $964 | $896 | $1,627 | $1,058 | $1,101 |
| 2 adults 2 children | $774 | $898 | $1,884 | $959 | $973 |
| 1 adult 2 children | $774 | $671 | $1,285 | $959 | $871 |
| 2 adults 1 child | $774 | $710 | $1,541 | $640 | $931 |
| 1 adult 1 child | $774 | $459 | $942 | $640 | $737 |
| 2 adults | $685 | $570 | $1,199 | $0 | $762 |
| 1 adult | $531 | $311 | $599 | $0 | $566 |
Demographics
Edgar County, Illinois, shows a balanced gender distribution with a slightly higher number of females. Educational attainment indicates a strong prevalence of high school graduates and some college education, yet a smaller proportion hold advanced degrees. The age distribution hints at an aging population, particularly with a notably sizeable group of residents aged 55 and over. Racially, the county is predominantly White, with minimal representation from other racial groups, potentially... Read more
Race Distribution in Edgar County, Illinois (2022)
Educational Attainment in Edgar County, Illinois (2022)
Age Distribution in Edgar County, Illinois
Citizen Population in Edgar County, Illinois (2022)
Political Trends & Data
Edgar County, Illinois, appears to have a strong Republican lean based on the 2020 U.S. Presidential Election results, which might suggest a significant partisan alignment. The Democratic vote share was likely much lower, with Libertarian and Green parties getting only minor percentages. This political landscape could influence local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Edgar County, Illinois, exhibited a notable Republican lean in the 2020 U.S. Presidential Election, with votes potentially skewing predominantly towards the Republican party. The Democratic vote share possibly came in significantly lower, with minor percentages observed for Libertarian and Green parties. This pattern might indicate strong partisan alignment and a considerable political divide within the county.
75.56% of voters voted for the Republican party in the 2020 Presidential Election
23.02% of voters voted for the Democrat party in the 2020 Presidential Election
0.92% of voters voted for the Livertarian party in the 2020 Presidential Election
0.34% of voters voted for the Green party in the 2020 Presidential Election
0.16% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Edgar County, Illinois has fluctuated dramatically over the last nine years, peaking at nearly 20 students per teacher in 2017 but dropping to about ten in 2022. The current 2023 ratio is around eleven, below the national average of fourteen. These fluctuations may indicate varying levels of educational investment, potentially appealing to families who value more individualized attention for their children. For real estate agents and investors, this trend could... Read more
Student-to-teacher ratio in Edgar County, Illinois over the last 9 years
The student-to-teacher ratio in Edgar County, Illinois has seen significant fluctuations over the last nine years, with peaks in 2017 at nearly 20 students per teacher and a notable decline in recent years down to about ten in 2022. The most recent ratio in 2023 is around eleven, which is well below the national average of fourteen. For potential investors, real estate agents, and those considering relocation, these changes could imply varying levels of educational investment and resource allocation in local schools. Lower ratios generally suggest more individualized attention for students, which might appeal to families prioritizing education. Appraisors and insurance agents might also find this data relevant as it can influence property values and risk assessments in the region, aligning with broader trends in community development and quality of life.
