What is the median household income in River Forest Township, IL?
The median household income in River Forest Township, IL is $146,786 (±$32,540) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,554 a month would take about $62,200 a year at the common guideline of spending no more than 30% of income on rent.
In River Forest Township, the median household income went from $129,928 in 2015–2019 to $146,786 in 2020–2024 (+13.0%).
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
- $146,786 (±$32,540)
- Median renter income
- $42,136 (±$6,707)
- Income to afford median rent
- about $62,200
Income in River Forest Township against Cook County, its state and the nation
| River Forest Township | Cook County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $146,786 (±$32,540) | $83,498 (±$630) | $83,390 (±$362) | $80,734 |
| Median renter household income | $42,136 (±$6,707) | $55,388 (±$886) | $50,420 (±$471) | $52,966 |
| Median owner household income | $175,417 (±$38,788) | $108,804 (±$833) | $103,505 (±$377) | $100,009 |
| Median gross rent | $1,554 (±$269) | $1,435 (±$7) | $1,274 (±$5) | $1,413 |
In River Forest Township, median household income is higher than in 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, River Forest Township ranks 18 of 148 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 95 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 River Forest Township
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 $1,554 a month ($18,648 a year) needs an income of about $62,200 a year.
The median renting household in River Forest Township earns $42,136 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 | $129,928 (±$13,796) | $146,786 (±$32,540) | +13.0% | No measurable change after inflation |
| Median gross rent | $1,143 (±$99) | $1,554 (±$269) | +36.0% | No measurable change after inflation |
| Median home value | $596,900 (±$33,038) | $687,300 (±$64,272) | +15.1% | No measurable change 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 River Forest Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| River Forest Township | — | $146,786 (±$32,540) | — |
| River Forest | 0.0 mi | $146,786 (±$32,540) | Not measurably different |
| Oak Park | 1.6 mi | $110,820 (±$3,611) | Lower |
| Oak Park Township | 1.6 mi | $110,820 (±$3,611) | Lower |
| Maywood | 1.7 mi | $68,815 (±$6,614) | Lower |
| Forest Park | 1.8 mi | $77,221 (±$12,860) | Lower |
| Elmwood Park | 1.9 mi | $91,955 (±$4,961) | Lower |
| River Grove | 2.3 mi | $69,858 (±$11,319) | Lower |
| Melrose Park | 2.4 mi | $66,189 (±$4,214) | Lower |
Nearby places with a measurably lower figure: Oak Park, IL ($110,820), Oak Park Township, IL ($110,820), Maywood, IL ($68,815).
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 |
|---|---|---|
| 12 | Northfield | $161,500 (±$46,653) |
| 13 | La Grange | $159,929 (±$16,644) |
| 14 | Northbrook | $157,782 (±$19,596) |
| 15 | Riverside | $153,686 (±$18,589) |
| 16 | Barrington | $147,989 (±$21,058) |
| 17 (tie) | River Forest | $146,786 (±$32,540) |
| 17 (tie) | River Forest Township | $146,786 (±$32,540) |
| 19 | Glenview | $143,056 (±$11,637) |
| 20 | Park Ridge | $142,986 (±$19,109) |
| 21 | Northfield Township | $136,617 (±$5,885) |
| 22 | Flossmoor | $133,663 (±$27,750) |
| 23 | Olympia Fields | $123,875 (±$32,426) |
| 24 | Lemont | $123,370 (±$26,461) |
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 River Forest Township
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Questions about River Forest Township
What is the median household income in River Forest Township?
The median household income in River Forest Township is $146,786 (±$32,540) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in River Forest Township?
About $62,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,554 a month.
Have incomes in River Forest Township kept up with inflation?
In River Forest Township, the median household income went from $129,928 in 2015–2019 to $146,786 in 2020–2024 (+13.0%).
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 River Forest Township?
The median renting household in River Forest Township, IL earns $42,136 (±$6,707) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — River Forest township, Cook County, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — River Forest township, Cook County, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — River Forest township, Cook County, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — River Forest township, Cook County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — River Forest township, Cook County, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — River Forest township, Cook County, 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 River Forest township, Cook County, Illinois (county subdivision:64317, in state:17 county:031).
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 River Forest Township at a glance
- Median rent in River Forest Township
- Rent by bedrooms in River Forest Township
- Rent burden in River Forest Township
- Home values in River Forest Township
- Homeowner costs in River Forest Township
- Property taxes in River Forest Township
- Types of homes in River Forest Township
- Bedrooms in River Forest Township
- Age of homes in River Forest Township
- Vacancy rate in River Forest Township
- Heating fuel in River Forest Township
- Commute and cars in River Forest Township
- Population growth in River Forest Township
- How long people stay in River Forest Township
- Crowding and facilities in River Forest Township
- Fair Market Rent in River Forest Township
- Illinois landlord and tenant rules
- Housing across Cook County
- Illinois places ranked by median household income
- Housing data for every place in Illinois