Forest Park, IL Profile: Facts & Data

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Forest Park, Illinois - Basic Facts

The Village of Forest Park had a population of 14,274 as of July 1, 2023. Forest Park ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.

The primary coordinate point for Forest Park is located at latitude 41.8795 and longitude -87.8137 in Cook County. The formal boundaries for the Village of Forest Park encompass a land area of 2.4 sq. miles and a water area of 0 sq. miles. Cook County is in the Central time zone (GMT -6).

The Village of Forest Park has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Forest Park is located within Township of Proviso, a minor civil division (MCD) of Cook County.


Jump to... (On This Page!)
  1. Forest Park 2023 Demographic Data
  2. Growth Rates for Forest Park (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Illinois Research Tools (Easy Tools & Current Data)
  3. Illinois Data Comparison Tool - 2023 Demographics
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Forest Park, IL Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 14,274 (100%)
Population in Households 14,023 (98.2%)
Population in Families 8,697 (60.9%)
Population in Group Quarters1 251 ( 1.8%)
Population Density 5,943
Diversity Index2 73
 
 

INCOME

Median Household Income $72,288
Average Household Income $101,091
% of Income for Mortgage4 26%
Per Capita Income $54,008
Wealth Index5 67
Socioeconomic Status Index6 Moderate (52.9)
 

HOUSING

Total HU (Housing Units) 8,258 (100%)
Owner Occupied HU 4,166 (50.4%)
Renter Occupied HU 3,455 (41.8%)
Vacant Housing Units 637 ( 7.7%)
Median Home Value $317,151
Average Home Value $342,511
Housing Affordability Index3 77
 

HOUSEHOLDS

Total Households 7,621
Average Household Size 1.84
Family Households 3,099
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.14% -0.23%
Households 0.19% 0.14%
Families   0.16%
Median Household Income   2.44%
Per Capita Income   3.31%
Owner Occupied HU   0.69%

Forest Park, IL - Peer Comparisons by Rank and Percentile

The table below compares Forest Park to the other 1,464 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 173 88th
Population Density # 29 98th
Median Household Income # 567 61st
Housing Affordability Index # 198 14th
Per Capita Income # 114 92nd
Diversity Index # 93 94th

Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.

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