Oak Forest, IL is a great place for those looking for an affordable place to live. With 2 Bedroom rental rates at $1,330, it is significantly lower than the US average of $1,430. Furthermore, grocery costs are also cheaper here with the Grocery Cost Index being 96 versus 100 in the US. Oak Forest is a charming city with plenty of attractions and businesses. For instance, there are several parks and outdoor recreation areas such as Pioneer Woods, where you can explore nature trails and enjoy picnics. There are also many local businesses like Oak Forest Bookstore and Vip's Coffee shop that offer unique dining experiences. All in all, Oak Forest is a great place to live for those who seek affordability without sacrificing access to exciting activities or delicious cuisine.
Oak Forest has an unemployment rate of 7.3%. The US average is 6.0%.
Oak 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 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Oak Forest
- The Sales Tax Rate for Oak Forest is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Oak 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 Oak Forest
- The average income of a Oak Forest resident is $30,113 a year. The US average is $28,555 a year.
- The Median household income of a Oak Forest resident is $81,288 a year. The US average is $69,021 a year.