Forest Park, IL Cost Of Living
Cost Of Living In Forest Park, IL Summary
Cost of living in Forest Park research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Forest Park is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Forest Park is 111, with 100 being the average.
The cost of living index in Forest Park is 1.1x higher than the national average.
Forest Park ranks as the #249 cheapest in Illinois out of 338.
Forest Park ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in Forest Park is $265,100.
The median income in Forest Park is $72,827.
Table Of Contents
Forest Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Forest Park, IL?
According to the most recent data on the cost of living, Forest Park has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Illinois, Forest Park has a cost of living index that's 1.2x higher than Illinois's index of 92.
The standard of living in Forest Park ranks as #249 most affordable out of the 338 places we measured in Illinois. By definition, that implies Forest Park ranks as the #89 most expensive place in the Prairie State.
For more reading on life in Forest Park, check out:
- Living In Forest Park
- Forest Park Crime Report
- Search Homes For Sale In Forest Park, IL
In Illinois
In America
Forest Park Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Forest Park. Here is how it fairs on each of the criteria:
The Services index in Forest Park is 115.
The Groceries index in Forest Park is 105.
The Health index in Forest Park is 97.
The Housing index in Forest Park is 109.
The Transportation index in Forest Park is 115.
The Utilities index in Forest Park is 94.
| Living Expense | Forest Park | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 111 | 92 | 100 | |
| Services | 115 | 95 | 100 | |
| Groceries | 105 | 98 | 100 | |
| Health | 97 | 96 | 100 | |
| Housing | 109 | 81 | 100 | |
| Transportation | 115 | 105 | 100 | |
| Utilities | 94 | 90 | 100 | |
Forest Park, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Forest Park is $265,100.
The Median Rent in Forest Park is $1,164.
The Median Income in Forest Park is $72,827.
The Home Value To Income in Forest Park is 3.6x.
The Rent To Monthly Income in Forest Park is 0.19x.
| Statistic | Forest Park | Illinois | United States |
|---|---|---|---|
| Median Home Value | $265,100 | $212,600 | $244,900 |
| Median Rent | $1,164 | $1,097 | $1,163 |
| Median Income | $72,827 | $72,563 | $69,021 |
| Home Value To Income | 3.6x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Forest Park, IL Costs By Category
Detailed Forest Park Services Costs Vs. Illinois
| Item | Forest Park | Illinois |
|---|---|---|
| Shampoo | $1.06 | $1.06 |
| Movie | $14.85 | $10.68 |
| Bowling | $15.76 | $14.67 |
| Haircut | $27.76 | $18.62 |
| Beauty Salon | $65.57 | $39.05 |
Detailed Forest Park Groceries Costs Vs. Illinois
| Item | Forest Park | Illinois |
|---|---|---|
| Ground Beef | $4.87 | $4.22 |
| Fried Chicken | $1.99 | $1.39 |
| Milk | $2.42 | $2.05 |
| Potatoes | $3.23 | $3.29 |
| Pizza | $12.0 | $10.62 |
| Beer | $8.61 | $9.38 |
| Toothpaste | $2.46 | $2.34 |
Detailed Forest Park Health Costs Vs. Illinois
| Item | Forest Park | Illinois |
|---|---|---|
| Optometrist | $96.76 | $108.57 |
| Doctor | $104.96 | $116.17 |
| Dentist | $101.82 | $99.13 |
Detailed Forest Park Transportation Costs Vs. Illinois
| Item | Forest Park | Illinois |
|---|---|---|
| Gasoline | $2.51 | $2.22 |
| Tire Balancing | $56.85 | $50.07 |
Detailed Forest Park Utilities Costs Vs. Illinois
| Item | Forest Park | Illinois |
|---|---|---|
| All Electricity | $131.89 | $167.67 |
| Phone | $203.16 | $175.64 |
Forest Park SnackAbility
/10
Cost Of Living In Cities Around Forest Park
The cost of living varies in the cities and towns around Forest Park. Here's a quick look at the cost of living in the most populous nearby places:
Cicero, IL has a cost of living index of 98, 0.9x Forest Park.
Berwyn, IL has a cost of living index of 105, 0.9x Forest Park.
Oak Park, IL has a cost of living index of 129, 1.2x Forest Park.
| City | Population | Cost Of Living | Vs. Forest Park |
|---|---|---|---|
| Cicero, IL | 84,905 | 98 | 0.9x |
| Berwyn, IL | 56,960 | 105 | 0.9x |
| Oak Park, IL | 54,100 | 129 | 1.2x |
| Wheaton, IL | 53,762 | 118 | 1.1x |
| Glenview, IL | 48,150 | 147 | 1.3x |
| Elmhurst, IL | 45,661 | 131 | 1.2x |
| Park Ridge, IL | 39,562 | 131 | 1.2x |
| Northbrook, IL | 35,108 | 156 | 1.4x |
| Glen Ellyn, IL | 28,506 | 132 | 1.2x |
| Wilmette, IL | 27,895 | 166 | 1.5x |
