States › Illinois › Forest Park

Is Forest Park, IL expensive to live in?

OKRent takes 22 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,50514% lower than U.S. average
💵 Families earn per year (2026)$83,283about $6,940/month · 4% lower than U.S. average
🔑 House price$304,7008% lower than U.S. average

Rent is lower than in 58% of U.S. cities. A typical house costs about 3.7 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $60,200 a year. That is $29 an hour at a full-time job.

Is rent cheaper than other Illinois cities?

Yes. Rent here is cheaper than in most of Illinois. It is number 165 of 334 cities from cheapest to most expensive.

Forest Park
$1,505
Midlothian
$1,524
Wood Dale
$2,022
Channahon
$1,944
Glen Carbon
$1,268
Wauconda
$2,886
Mount Vernon
$1,043

How much do households earn in Forest Park?

Under $25k
10.5%
$25k–50k
19.6%
$50k–100k
37.8%
$100k–150k
15.6%
$150k+
11.4%

Share of households by yearly income. 26.9% of households earn $100,000 or more.

Rent by apartment size in Forest Park

SizeForest ParkU.S. average
Studio$1,245$1,338
1 bedroom$1,231$1,324
2 bedrooms$1,632$1,509
3 bedrooms$2,536$1,698
4 bedrooms$2,243$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Forest Park overall?

Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).

Housing
94
Goods (food, clothes…)
104
Utilities
85
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Forest Park, so the Illinois figure is shown.

Taxes and bills in Forest Park

🏛️ Property tax$6,481a year · 2.13% of home value · U.S. $3,119
⚡ Electric bill$90a month (typical) · U.S. $156

Life in Forest Park

Commute to work27.4 minU.S.: 26.4 min
College degree51.5%U.S.: 35.7%
Own their home52.8%U.S.: 65.2%
Below poverty line11.6%U.S.: 12.5%
Unemployment4.5%U.S.: 5.2%

Is it cheaper to rent or buy in Forest Park?

Renting is cheaper right now: about $609 a month less.

Renting
$1,505
Owning
$2,114

Owning assumes a typical $304,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $30,470 for the down payment.

Frequently asked questions

What is the average rent in Forest Park, IL?

Renting in Forest Park costs a median of about $1,505 a month in 2026, including utilities. The Illinois median is $1,517.

How much do I need to make to live in Forest Park?

To keep rent under 30% of income, you need about $60,200 a year, or $29 an hour at a full-time job.

Is Forest Park cheap or expensive?

Forest Park is rated OK: rent takes 21.7% of the typical household income of $83,283. It ranks 165th cheapest of 334 Illinois cities we track.

How much are property taxes in Forest Park?

The median homeowner in Forest Park pays $6,481 a year in property taxes, about 2.13% of the median home value.

Is Forest Park more expensive than the national average?

Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Forest Park?

The median home value in Forest Park is $304,700, about 3.7 times the typical yearly household income.

13,943 people live in Forest Park. Numbers are typical (middle) values.