Cost of Living in Park forest, IL

Housing

The housing market plays a significant role in determining the cost of living in Park forest, IL.

• Housing Index: 90.0 / 100
• Median Home Price is: $233000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1280 per month

Considering a move to Park forest, IL? The housing index of 90.0 suggests a relatively affordable market compared to national averages. With a median home price of 233000 and average rent for a 2-bedroom apartment at 1200, living options are accessible. Additionally, the slight increase in rent for a 2-bedroom house at 1280 might be justified by added space and privacy. This combination positions Park forest as an attractive option for families or professionals seeking affordability without sacrificing quality of life. Be sure to explore local amenities and future growth opportunities as you decide.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Park forest, IL.

• Electricity Price: 16.15 USD (median by state)
• Natural Gas Price: $16.59 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $200 per month

Living in Park forest, IL could entail higher utility costs. Electricity costs sit at 16.15, while natural gas is priced at 16.59 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 98.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $58907

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Park forest, IL, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.