Total monthly cost of ownership
Cost to Own a Home in Carrier Mills, Illinois
A $57,000 home here costs
$690per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $293. The real number is $397 higher every month — 135% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Carrier Mills against Saline County and Illinois
| Measure | Carrier Mills | Saline County |
|---|---|---|
| Median home value | $57,300 | $92,900 |
| Median property tax | $536 | $1,445 |
| Effective tax rate | 0.935% | 1.555% |
| Median gross rent | $525 | $711 |
| Population | 1,702 | 23,387 |
The weather behind that power bill
Carrier Mills sits in Saline County, which averages a high of 89.1°F in its hottest month and a low of 24.0°F in its coldest, with 47.59" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,522 cooling and 4,299 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Saline County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Saline County
Full Saline County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Carrier Mills?
A $57,000 home in Carrier Mills, Illinois costs approximately $690 per month with 20% down at 6.66%. That is $293 principal and interest, $44 property tax, $22 homeowners insurance, $282 utilities and $48 set aside for maintenance.
What is the property tax rate in Carrier Mills?
Carrier Mills has an effective property tax rate of 0.935%, based on a median home value of $57,300 and median real estate taxes of $536. That is lower than the Saline County average of 1.555%.
What is the average home price in Carrier Mills?
The median owner-occupied home value in Carrier Mills, Illinois is $57,300, against $92,900 across Saline County.
Is it cheaper to rent or buy in Carrier Mills?
Median gross rent in Carrier Mills is $525 a month, against $690 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Carrier Mills — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Illinois.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.