Median Income
$79,363
6% higher than US avg
Home Value
$383,100
36% higher than US avg
Bachelor's+
75.6%
124% higher than US avg
Median Rent
$1,317
13% higher than US avg
Unemployment
2.5%
31% lower than US avg
Poverty Rate
9.6%
23% lower than US avg
How Park Forest Village Compares to the U.S. Average (100% = U.S. avg)
People
Population8,810
Median Age37.1 yrs
Density3,538/mi²
Male / Female51% / 50%
Largest GroupWhite 76%
Economy
A
Median Income$79,363
Per Capita$47,823
Unemployment2.5%
Poverty9.6%
County GDP$11,249M
Commute15 min
Housing
B+
Home Value$383,100
Rent$1,317
OwnershipN/A
Climate
Avg Temp50°F
AQI40 (Good)
Rain41.5 in/yr
Elevation1,300 ft
Education
A+
Bachelor's+75.6%
High School+98.8%
School Score5.95
Community
2024 VoteR 48% / D 51%
Commute15 min
Libraries5
Is Park Forest Village a Good Place to Live?
Based on current data, Park Forest Village receives an overall livability score of 4.4 out of 5.0, earning a grade of A. Key strengths include low unemployment, a highly educated population, high health insurance coverage. Park Forest Village stands out as an excellent place to live, with strong marks across most quality-of-life indicators.
Economy & Jobs
The median household income in Park Forest Village is $79,363, roughly in line with the national average of $75,149. The job market is very strong with unemployment at just 2.5%. 9.6% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 15 minutes, shorter than most U.S. cities.
Cost of Living & Housing
The median home value in Park Forest Village is $383,100, 36% above the national median. Renters pay a median of $1,317 per month. A price-to-income ratio of 4.8x indicates a reasonably affordable housing market.
Education
Park Forest Village is a highly educated community — 75.6% of adults hold a bachelor's degree or higher, well above the national average of 33.7%. 98.8% have completed high school. Area schools have an average test score of 5.9/10.
Climate & Weather
Park Forest Village experiences four distinct seasons with an average temperature of 50°F. Winters average 27°F in January while summers reach 72°F in July. Annual precipitation totals 41.5 inches, including 43.8 inches of snow. Air quality is rated Good with a median AQI of 40.
Park Forest Village has a population of 8,810 with a density of 3,538 people per square mile. The median age is 37.1 years, 5% younger than the national median of 38.9. The city is predominantly White (76.3%), with 2.3% Black.
Population
37.1yrs
Median Age
5% below US avg
Race & Ethnicity
Park Forest Village vs U.S. Average
Language Spoken at Home
| English Only | 78.8% |
| 0% below US avg |
| Spanish | 21.2% |
| 58% above US avg |
Social Characteristics
Park Forest Village vs U.S. Average
The median household income in Park Forest Village is $79,363, which is 6% above the national average of $75,149. The unemployment rate is 2.5% (below the 3.6% US average). 9.6% of residents live below the poverty line. Workers commute an average of 15 minutes.
Income: Park Forest Village vs U.S.
Income
| Median HH Income | $79,363 |
| 6% above US avg |
| Per Capita Income | $47,823 |
| Avg Weekly Wage | $1,208 |
| IRS Avg AGI | $84,665 |
Employment & Poverty
| Unemployment | 2.5% |
| 31% below US avg |
| Poverty Rate | 9.6% |
| 23% below US avg |
| Establishments (County) | 3,610 |
| County GDP | $11,249M |
Business (County)
| Restaurants | 342 |
| Healthcare | 404 |
| Retail | 407 |
| Manufacturing | 161 |
Tax & Cost of Living
| Property Tax (IRS) | $6,489 |
| 85% above US avg |
| Effective Tax Rate | 1.69% |
Commute & Transportation
| Commute Time | 14.6 min |
| Work from Home | 25.5% |
The median home value in Park Forest Village is $383,100, 36% above the national average. Monthly rent averages $1,317 (13% above US avg).
Home Values
| Census Median | $383,100 |
| 36% above US avg |
| Median List Price | $437,450 |
Real Estate Market (Redfin)
| Median List Price | $437,450 |
| $/Sq Ft | $195 |
| Homes Sold | 4 |
| Sale-to-List Ratio | 100.1% |
| Price Drops | 0.0% |
| Inventory | 2 |
Rental Costs
| Census Median Rent | $1,317 |
| 13% above US avg |
HUD Fair Market Rent
| Studio | $900 |
| 1 Bedroom | $996 |
| 2 Bedrooms | $1,225 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,744 |
Ownership & Property
Property Tax
| Avg Tax (IRS) | $6,489 |
| 85% above US avg |
| Effective Rate | 1.69% |
Health Metrics: Park Forest Village vs U.S. Average (%)
Behaviors & Mental Health
Healthcare Access
| Insurance Rate | 98.4% |
| |
| Premature Death | 4,450/100K |
Food & Exercise
| Food Environment | 8.8/10 |
| Exercise Access | 76.8% |
| Healthcare Facilities | 404 |
Crime Rates: Park Forest Village vs U.S. Average (per 100,000)
Traffic Safety
| Fatal Crashes (County/yr) | 16 |
Safety Score
Park Forest Village has an average annual temperature of 50°F (10°C). Winters average 27°F in January while summers reach 72°F in July. Annual precipitation is 41.5 inches. Air quality is rated Good with a median AQI of 40.
Temperature
27°F Jan (-3°C)
72°F Jul (22°C)
| Annual Average | 50.1°F |
| 7% below US avg |
| January Average | 27°F (-3°C) |
| July Average | 72°F (22°C) |
Precipitation & Snow
| Annual Rainfall | 41.5 inches |
| 9% above US avg |
| Snowfall | 43.8 inches/yr |
Air Quality
| AQI Median | 40.0 |
| Rating | Good |
Geography
| Elevation | 1,300 ft (396 m) |
| Area | 2.5 sq mi (6.4 km²) |
| Population Density | 3,538/sq mi |
| Coordinates | 40.7996°N, 77.9084°W |
| County FIPS | 42027 |