Forest Park, GA

Very Low · 62

Georgia · Population 19,619 · Updated March 2026

$1,101
Median Rent / Month
$42,286
Median Income
$119,000
Median Home Value
$1,028
Owner Costs / Month

Affordability

How far your income goes in Forest Park

31.2%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Georgia

State-level tax rates that affect your costs

5.49%
Income Tax (Top Rate)
4.0%
Sales Tax
0.92%
Property Tax Rate

Estimated Annual Costs

$13,212
Annual Rent
$2,322
State Income Tax
$1,095
Property Tax (est.)

Cost of Living Overview

Forest Park is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 62 (where 100 equals the national median), Forest Park residents can expect to pay median rent of $1,101/month while earning a median household income of $42,286/year.

The median home value in Forest Park, GA is $119,000, with typical monthly owner costs around $1,028 including mortgage, insurance, and taxes. At 31.2% rent-to-income ratio, residents of Forest Park are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

Georgia has a moderate income tax rate of 5.49%. Combined with a 4.0% sales tax rate and 0.92% effective property tax rate, the overall tax environment is a factor in the total cost of living in Forest Park.

Frequently Asked Questions

Common questions about living costs in Forest Park

What is the cost of living in Forest Park, GA?
The cost of living index in Forest Park, GA is 62 (US average = 100). Median monthly rent is $1,101, median household income is $42,286/year, and the median home value is $119,000.
Is Forest Park, GA affordable?
Yes, Forest Park is more affordable than the national average with a cost index of 62. The rent-to-income ratio is 31.2%—above the 30%% affordability threshold.
What is the average rent in Forest Park, GA?
The median gross rent in Forest Park, GA is $1,101 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,212.
What is the median household income in Forest Park?
The median household income in Forest Park, GA is $42,286 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Georgia?
Georgia has a top income tax rate of 5.49%, a sales tax of 4.0%, and an effective property tax rate of 0.92%.