Oak Forest, IL Cost Of Living
Cost Of Living In Oak Forest, IL Summary
Cost of living in Oak Forest research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Oak Forest is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Oak Forest is 105, with 100 being the average.
The cost of living index in Oak Forest is 1.1x higher than the national average.
Oak Forest ranks as the #185 cheapest in Illinois out of 336.
Oak Forest ranks as the #3,177 cheapest out of 6,489 in the US.
The median home value in Oak Forest is $286,537.
The median income in Oak Forest is $87,941.
Table Of Contents
Oak Forest's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Oak Forest, IL?
According to the most recent data on the cost of living, Oak Forest has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Illinois, Oak Forest has a cost of living index that's 1.1x higher than Illinois's index of 97.
The standard of living in Oak Forest ranks as #185 most affordable out of the 336 places we measured in Illinois. By definition, that implies Oak Forest ranks as the #151 most expensive place in the Prairie State.
For more reading on life in Oak Forest, check out:
In Illinois
In America
Oak Forest Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Oak Forest. Here is how it fairs on each of the criteria:
The Services index in Oak Forest is 107.
The Groceries index in Oak Forest is 96.
The Health index in Oak Forest is 96.
The Housing index in Oak Forest is 111.
The Transportation index in Oak Forest is 114.
The Utilities index in Oak Forest is 81.
| Living Expense | Oak Forest | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 105 | 97 | 100 | |
| Services | 107 | 95 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 96 | 93 | 100 | |
| Housing | 111 | 95 | 100 | |
| Transportation | 114 | 102 | 100 | |
| Utilities | 81 | 91 | 100 | |
Oak Forest, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Oak Forest is $286,537.
The Median Rent in Oak Forest is $1,287.
The Median Income in Oak Forest is $87,941.
The Home Value To Income in Oak Forest is 3.3x.
The Rent To Monthly Income in Oak Forest is 0.18x.
| Statistic | Oak Forest | Illinois | United States |
|---|---|---|---|
| Median Home Value | $286,537 | $283,508 | $303,400 |
| Median Rent | $1,287 | $1,227 | $1,348 |
| Median Income | $87,941 | $81,702 | $78,538 |
| Home Value To Income | 3.3x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Oak Forest, IL Costs By Category
Detailed Oak Forest Services Costs Vs. Illinois
| Item | Oak Forest | Illinois |
|---|---|---|
| Shampoo | $1.32 | $1.28 |
| Movie | $9.99 | $12.13 |
| Bowling | $16.0 | $18 |
| Haircut | $19.72 | $24.26 |
| Beauty Salon | $37.22 | $45.56 |
Detailed Oak Forest Groceries Costs Vs. Illinois
| Item | Oak Forest | Illinois |
|---|---|---|
| Ground Beef | $5.94 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.55 | $4.67 |
| Potatoes | $5.08 | $4.93 |
| Pizza | $10.69 | $12.09 |
| Beer | $9.61 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed Oak Forest Health Costs Vs. Illinois
| Item | Oak Forest | Illinois |
|---|---|---|
| Optometrist | $86.67 | $125.68 |
| Doctor | $110.0 | $135.78 |
| Dentist | $82.0 | $113.29 |
Detailed Oak Forest Transportation Costs Vs. Illinois
| Item | Oak Forest | Illinois |
|---|---|---|
| Gasoline | $3.52 | $3.46 |
| Tire Balancing | $45.0 | $59.92 |
Detailed Oak Forest Utilities Costs Vs. Illinois
| Item | Oak Forest | Illinois |
|---|---|---|
| All Electricity | $156.87 | $193.99 |
| Phone | $198.03 | $192.25 |
Oak Forest SnackAbility
/10
Cost Of Living In Cities Around Oak Forest
The cost of living varies in the cities and towns around Oak Forest. Here's a quick look at the cost of living in the most populous nearby places:
Tinley Park, IL has a cost of living index of 109, 1.0x Oak Forest.
Downers Grove, IL has a cost of living index of 125, 1.2x Oak Forest.
Westmont, IL has a cost of living index of 119, 1.1x Oak Forest.
| City | Population | Cost Of Living | Vs. Oak Forest |
|---|---|---|---|
| Tinley Park, IL | 55,007 | 109 | 1.0x |
| Downers Grove, IL | 49,867 | 125 | 1.2x |
| Westmont, IL | 24,201 | 119 | 1.1x |
| Darien, IL | 21,855 | 121 | 1.2x |
| Alsip, IL | 18,650 | 102 | 1.0x |
| Hinsdale, IL | 17,155 | 191 | 1.8x |
| Country Club Hills, IL | 16,419 | 98 | 0.9x |
| La Grange, IL | 15,999 | 144 | 1.4x |
| Midlothian, IL | 14,024 | 103 | 1.0x |
| Hazel Crest, IL | 13,493 | 96 | 0.9x |
