Bedford Park, IL is a small village located in Cook County, Illinois. The population is about 600 according to the 2020 census. It is known for its friendly atmosphere and convenient location near Chicago. Local companies include T-Mobile, Walmart, and a few small businesses run by local entrepreneurs. The cost of living in Bedford Park is fairly low compared to other parts of the country. Rent for two bedrooms averages at around $1,110 while the national average is $1,430. The grocery cost index in Bedford Park also fares better than the US average with a score of 95/100. Overall, Bedford Park is an affordable place to live that offers many amenities and close proximity to Chicago's metropolitan area.
Bedford Park has an unemployment rate of 8.4%. The US average is 6.0%.
Bedford 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 Bedford Park
- The Sales Tax Rate for Bedford Park is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Bedford 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 Bedford Park
- The average income of a Bedford Park resident is $23,236 a year. The US average is $28,555 a year.
- The Median household income of a Bedford Park resident is $91,964 a year. The US average is $69,021 a year.