Oak Forest, Illinois Median Income

Oak Forest, Illinois has a population of 27,412, with a median household income of $78,410.

Current median income data for Oak Forest.

$78,410

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Population

27,412

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Median Income

$78,410

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Unemployment

5.40%

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Housing Price

$225,400

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Crime Rate

14.20

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Internet Speed

600.00 Mbps

Oak Forest is a smaller urban community located in Illinois. The city has a population that is above the average city population in Illinois, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Illinois, Oak Forest provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Oak Forest has a population of 27,412, which is higher than the state average. This indicates a relatively larger urban presence within Illinois.

Income and Economy

The median household income in Oak Forest is $78,410, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Oak Forest is about $225,400, making it relatively affordable compared to many cities in Illinois.

Employment and Safety

The unemployment rate in Oak Forest is 5.40%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Oak Forest are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Illinois, Oak Forest shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of Illinois, Oak Forest contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Oak Forest

What is the population of Oak Forest?

The population of Oak Forest is approximately 27,412.

Is Oak Forest a good place to live?

Oak Forest offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Oak Forest?

The median household income in Oak Forest is around $78,410.

How expensive is housing in Oak Forest?

The average housing price in Oak Forest is approximately $225,400.