Housing costs in Oak Forest?
A typical home costs
$261,900, which is 22.5% less expensive than the national average of
$338,100 and 8.4% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Oak Forest costs
$1,330 per month, which is 7.0% cheaper than the national average of
$1,430 and 5.3% more than the state average of
$1,260.
Can I afford Oak Forest?
To live comfortably in Oak Forest, Illinois, a minimum annual income of
$50,040 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Oak Forest?
The cost of living in Oak Forest, IL is highly affordable. The median home value is $197,100 and the median rent is $1,007 per month. Overall, Oak Forest has a reasonable cost of living compared to other areas in Illinois. Residents enjoy the many amenities available nearby such as shopping malls, grocery stores, restaurants, and entertainment venues all within walking distance. The tax rate is also relatively low compared to other cities in the state. Therefore, Oak Forest is a great place for families or individuals looking for an affordable living environment with plenty of amenities.