Park Forest, IL is a great place to live and work. It has a low 2 bedroom rent of $1,470 compared to the US at $1,430. For groceries, the cost index in Park Forest is 92 compared to 100 in the US. Not only are Park Forest's living costs lower than most areas, but it also offers plenty of opportunities in terms of work. Local companies such as Allied Onion Inc., Nature's Best Produce Inc., and G&G Landscaping offer local employment and contribute to the community economically.
Park Forest has an unemployment rate of 12.2%. The US average is 6.0%.
Park Forest 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 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Park Forest
- The Sales Tax Rate for Park Forest is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Park Forest 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 Park Forest
- The average income of a Park Forest resident is $22,061 a year. The US average is $28,555 a year.
- The Median household income of a Park Forest resident is $58,657 a year. The US average is $69,021 a year.