F
Overall 53%
Goods & Services 13%
Housing 156%
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Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexRiver ForestIllinoisNational
Cost of living15397100
Goods & Services11396100
Groceries10497100
Health care9898100
Housing25695100
Transportation119104100
Utilities9196100

Key findings

  • The cost of living in River Forest is 57% higher than the Illinois average
  • The cost of living in River Forest is 53% higher than the national average
  • River Forest housing is 156% higher than the national average
  • Illinois general sales tax is 23% higher than the national average
  • Illinois state income tax is 101% higher than the national average

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Compare River Forest, IL Cost of Living

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$134,167$11,181$3,130$4,025
      Renters$56,339$4,695$1,314$1,690
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in River Forest, IL, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for River Forest homeowners, is $134,167. This would allow for a maximum of $3,130 per month to be spent on housing costs. For renters, the median monthly income is $56,339 which would result in a maximum of $1,314 to be spent on rental costs.

      Illinois Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Illinois6.25%10.25%

      Illinois Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Illinois4.95%4.95%

      Goods & Services

      ItemRiver ForestNational avg.Difference
      Haircut $34.95$20.2772.4%
      Beauty Salon $59.38$40.3947.0%
      Toothpaste $2.43$2.362.9%
      Shampoo $1.06$1.081.7%
      Movie $14.42$10.9931.3%
      Bowling $20.01$15.4929.2%

      Groceries

      ItemRiver ForestNational avg.Difference
      Ground Beef $5.23$4.3021.7%
      Fried Chicken $1.85$1.4031.9%
      Milk $2.26$2.202.6%
      Potatoes $2.75$3.2214.7%
      Pizza $13.02$10.7421.2%
      Beer $9.67$9.600.8%

      Health Care

      ItemRiver ForestNational avg.Difference
      Optometrist $97.30$109.7311.3%
      Doctor $105.52$118.3410.8%
      Dentist $102.17$100.941.2%
      Ibuprofen $9.99$9.930.6%
      Lipitor $494.12$469.535.2%

      Housing

      ItemRiver ForestNational avg.Difference
      Home Price $574,600.00$184,700.00211.1%
      Avg. Mortgage Payment $1,777.54$1,229.6244.6%
      Apartment Rent $1,215.00$949.0028.0%

      Transportation

      ItemRiver ForestNational avg.Difference
      Gasoline $3.39$2.7124.9%
      Tire Balancing $57.48$51.8610.8%

      Utilities

      ItemRiver ForestNational avg.Difference
      All Electricity$129.38$170.8424.3%
      Phone $206.73$187.1810.4%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      CityPopulationCost of Living IndexNational Avg.
      Hodgkins, IL1,9608712.7%
      Hometown, IL4,343928.2%
      Merrionette Park, IL1,896982.2%
      Cicero, IL83,972991.4%
      Bellwood, IL19,146990.9%
      River Forest, IL11,21715352.7%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Jefferson Hills, PA11,2141044.0%
      Scottdale, GA11,221982.0%
      Maltby, WA11,22115150.9%
      Destrehan, LA11,2111065.7%
      Port St. John, FL11,223928.1%
      River Forest, IL11,21715352.7%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.