Cost of Living in Park Forest, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
110.8
100 = national avg
+10.8 vs national average
Living Wage (1 Adult)
$48,743
per year
Living Wage (Family of 4)
$115,211
per year
Cost Index by Category
Housing123.5
Food97.6
Transportation123.2
Healthcare98.1
Utilities103.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,581
per month
2 Bedroom
$1,781
per month
The overall cost of living index in Park Forest is 110.8, which is 10.8% above the national average. Housing costs are above the national average at an index of 123.5. A single adult needs to earn approximately $48,743 per year to cover basic expenses.