Forest Park, IL is a city located within Cook County and has a population of nearly 15,000 residents. The city is known for its diverse culture and cozy suburban atmosphere. 2 bedroom rent in Forest Park, IL averages around $1,360 per month with the US average being slightly higher at $1,430 per month. Additionally, the grocery cost index in Forest Park is 96 versus 100 in the US. This makes it slightly less expensive to live here than in other areas of the country. Living in Forest Park provides access to various stores such as CVS Pharmacy, Panera Bread and Dollar Tree. There are also several local businesses such as Armitage Hardware Store and the acclaimed Morlen Sinoway Atelier Furniture Gallery. All these provide opportunities for locals to find work or purchase goods. Overall, Forest Park offers an affordable cost of living with many amenities available for residents to enjoy.
Forest Park has an unemployment rate of 8.4%. The US average is 6.0%.
Forest Park has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Forest Park
- The Sales Tax Rate for Forest Park is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Forest Park is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Forest Park
- The average income of a Forest Park resident is $38,901 a year. The US average is $28,555 a year.
- The Median household income of a Forest Park resident is $72,827 a year. The US average is $69,021 a year.