What is the median household income in Oak Forest, IL?
The median household income in Oak Forest, IL is $91,990 (±$8,482) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,328 a month would take about $53,100 a year at the common guideline of spending no more than 30% of income on rent.
In Oak Forest, the median household income went from $76,945 in 2015–2019 to $91,990 in 2020–2024 (+19.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $91,990 (±$8,482)
- Median renter income
- $49,961 (±$22,266)
- Income to afford median rent
- about $53,100
Income in Oak Forest against Cook County, its state and the nation
| Oak Forest | Cook County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $91,990 (±$8,482) | $83,498 (±$630) | $83,390 (±$362) | $80,734 |
| Median renter household income | $49,961 (±$22,266) | $55,388 (±$886) | $50,420 (±$471) | $52,966 |
| Median owner household income | $101,060 (±$8,945) | $108,804 (±$833) | $103,505 (±$377) | $100,009 |
| Median gross rent | $1,328 (±$60) | $1,435 (±$7) | $1,274 (±$5) | $1,413 |
In Oak Forest, median household income is not measurably different from Cook County ($83,498).
It is also higher than in Illinois ($83,390).
It is higher than the national figure ($80,734).
In Cook County, Oak Forest ranks 64 of 148 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 707 of 2,652.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Oak Forest
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,328 a month ($15,936 a year) needs an income of about $53,100 a year.
The median renting household in Oak Forest earns $49,961 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $76,945 (±$4,581) | $91,990 (±$8,482) | +19.6% | No measurable change after inflation |
| Median gross rent | $1,080 (±$34) | $1,328 (±$60) | +23.0% | No measurable change after inflation |
| Median home value | $194,200 (±$4,707) | $255,100 (±$9,942) | +31.4% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Oak Forest
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Oak Forest | — | $91,990 (±$8,482) | — |
| Bremen Township | 1.0 mi | $78,755 (±$3,939) | Lower |
| Midlothian | 2.0 mi | $70,000 (±$11,466) | Lower |
| Crestwood | 2.8 mi | $75,752 (±$11,750) | Lower |
| Markham | 3.3 mi | $57,302 (±$12,364) | Lower |
| Country Club Hills | 3.3 mi | $75,197 (±$10,225) | Lower |
| Robbins | 3.4 mi | $40,668 (±$19,309) | Lower |
| Tinley Park | 3.7 mi | $105,189 (±$5,628) | Higher |
| Posen | 3.8 mi | $73,051 (±$13,807) | Lower |
Nearby places with a measurably lower figure: Bremen Township, IL ($78,755), Midlothian, IL ($70,000), Crestwood, IL ($75,752).
Nearby places with a measurably higher figure: Tinley Park, IL ($105,189).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Cook County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 58 | Evanston | $96,434 (±$2,339) |
| 59 | Evergreen Park | $95,719 (±$9,207) |
| 60 | Matteson | $95,457 (±$8,654) |
| 61 | Skokie | $95,337 (±$5,362) |
| 62 | Elk Grove Village | $94,175 (±$6,044) |
| 63 | Lyons Township | $92,619 (±$3,820) |
| 64 | Oak Forest | $91,990 (±$8,482) |
| 65 | Elmwood Park | $91,955 (±$4,961) |
| 66 | Norwood Park Township | $90,376 (±$10,501) |
| 67 | Forest View | $89,702 (±$31,003) |
| 68 | Elk Grove Township | $88,801 (±$3,982) |
| 69 | Norridge | $87,807 (±$7,899) |
| 70 | Palos Township | $86,101 (±$5,071) |
Showing 13 of 148 places in Cook County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Oak Forest
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Oak Forest beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Oak Forest, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Oak Forest, and send estimates and invoices from your phone.
Questions about Oak Forest
What is the median household income in Oak Forest?
The median household income in Oak Forest is $91,990 (±$8,482) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Oak Forest?
About $53,100 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,328 a month.
Have incomes in Oak Forest kept up with inflation?
In Oak Forest, the median household income went from $76,945 in 2015–2019 to $91,990 in 2020–2024 (+19.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Oak Forest?
The median renting household in Oak Forest, IL earns $49,961 (±$22,266) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Oak Forest city, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Oak Forest city, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Oak Forest city, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Oak Forest city, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Oak Forest city, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Oak Forest city, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Oak Forest city, Illinois (place:54638, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Oak Forest at a glance
- Median rent in Oak Forest
- Rent by bedrooms in Oak Forest
- Rent burden in Oak Forest
- Renters and owners in Oak Forest
- Home values in Oak Forest
- Homeowner costs in Oak Forest
- Property taxes in Oak Forest
- Types of homes in Oak Forest
- Bedrooms in Oak Forest
- Age of homes in Oak Forest
- Heating fuel in Oak Forest
- Commute and cars in Oak Forest
- Crime reported to police in Oak Forest
- Population growth in Oak Forest
- How long people stay in Oak Forest
- Crowding and facilities in Oak Forest
- Fair Market Rent in Oak Forest
- Illinois landlord and tenant rules
- Housing across Cook County
- Illinois places ranked by median household income
- Housing data for every place in Illinois