Housing costs in Forest Park?
A typical home costs
$265,400, which is 21.5% less expensive than the national average of
$338,100 and 9.8% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Forest Park costs
$1,360 per month, which is 4.9% cheaper than the national average of
$1,430 and 7.4% more than the state average of
$1,260.
Can I afford Forest Park?
To live comfortably in Forest Park, Illinois, a minimum annual income of
$50,760 for a family, and
$47,600 for a single person is recommended.
What does A.I. say about Forest Park?
The cost of living in Forest Park, IL is relatively low compared to other areas in the Chicago metropolitan area. According to Best Places, the cost of living in Forest Park is 15% lower than the national average and 9% lower than the state average. Housing costs are particularly reasonable with a median home value of $152,400 and a median rent of $1,083 per month. In addition, utilities, gas and groceries are all lower than the national average. Overall, Forest Park provides an affordable lifestyle for those seeking quality housing options close to Chicago.