salaryRent is lower than in 57% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 31.8 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $60,400 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 166 of 334 cities from cheapest to most expensive.
How much do households earn in Park Forest?
Share of households by yearly income. 18.4% of households earn $100,000 or more.
Rent by apartment size in Park Forest
| Size | Park Forest | U.S. average |
|---|---|---|
| 1 bedroom | $1,266 | $1,324 |
| 2 bedrooms | $1,567 | $1,509 |
| 3 bedrooms | $1,708 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Park Forest overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Park Forest, so the Illinois figure is shown.
Taxes and bills in Park Forest
Life in Park Forest
Is it cheaper to rent or buy in Park Forest?
Buying is cheaper month to month: about $710 a month less than renting.
Owning assumes a typical $115,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $11,530 for the down payment.
Frequently asked questions
What is the average rent in Park Forest, IL?
Renting in Park Forest costs a median of about $1,510 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Park Forest?
To keep rent under 30% of income, you need about $60,400 a year, or $29 an hour at a full-time job.
Is Park Forest cheap or expensive?
Park Forest is rated OK: rent takes 27.5% of the typical household income of $65,866. It ranks 166th cheapest of 334 Illinois cities we track.
How much are property taxes in Park Forest?
The median homeowner in Park Forest pays $4,608 a year in property taxes, about 4.00% of the median home value.
Is Park Forest 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 Park Forest?
The median home value in Park Forest is $115,300, about 1.8 times the typical yearly household income.
21,156 people live in Park Forest. Numbers are typical (middle) values.