Cost of Living,
Decatur's Real Estate Market
Decatur Metro Area
Profile: Small agricultural/industrial town Location: East-central Illinois, 30 miles east of Springfield Elevation: 613 Time zone: Central Standard Time
|Cost of living and housing||Arts and culture|
|Stable employment||Low future job growth|
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Decatur forms the bottom point of a 90-mile wide, 40-mile-tall diamond formed by Springfield to the west, Bloomington-Normal to the north, and Champaign-Urbana to the east. Common to the area, agriculture dominates the commercial activity and the local landscape. Agricultural processing giant Archer Daniels Midland has its headquarters in Decatur, and Caterpillar and agricultural processor Tate & Lyle also operate large plants.
Cost of living and home prices especially are among the lowest in the region and the U.S., and as measured by the Home Price Ratio, home prices are a bargain relative to local incomes. The crime rate, high for the region, bears watching. The city is fairly plain and doesn’t offer much in terms of entertainment or cultural amenities, but it does have a historic district with a mix of older homes, including some designed by Frank Lloyd Wright, and some Abraham Lincoln and Civil War sites.
The terrain is level and agricultural. Climate is typical continental with warm summers, fairly cold winters, and sharp seasonal changes. Considerable variation takes place within seasons. Summers are typically warm and humid with periods of mainly afternoon showers and thundershowers, and a few cooler, drier spells. Precipitation is more or less evenly distributed through the year. Spring and fall are typical for the region, with windy, changeable springs and relatively calm autumns with periods of warm, dry Indian summers. First freeze is mid-October, last is mid-April.
Interesting Facts about Decatur, Illinois
As of 2014, Decatur's population is 76,091 people. Since 2000, it has had a population growth of -6.58 percent.--------------------
The median home cost in Decatur is $77,500. Home appreciation the last year has been -3.90 percent.--------------------
Compared to the rest of the country, Decatur's cost of living is 21.70% Lower than the U.S. average.--------------------
Decatur public schools spend $10,991 per student. The average school expenditure in the U.S. is $12,435. There are about 19.4 students per teacher in Decatur.--------------------
The unemployment rate in Decatur is 10.20 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Decatur jobs have Increased by 1.43 percent.
Ranked #22 America's Most (and Least) Stressful Cities (117 Smallest Metro Areas)
Ranked #59 America's Best and Worst Cities for Crime (Smallest Metro Areas)
Ranked #104 2005 Best Places to Live
Ranked #301 Best Green Cities
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Average Commute time is 17 minutes. The National Average is 25 minutes.--------------------
Decatur's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes