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EconPulse

Local economy signal dashboard

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PLACEStable

Bedford Park, IL

Stable overall. Federal Funds is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score51out of 100
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71
34
0
69
93

Population

586

Data freshness

Unknown

GDP / Output

+4.6% YoY

71

$546.4B

Output changed +4.6% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

34

5.8%

Unemployment is 5.8% for June 2026.

Vintage date unknown

State avg5.1%
U.S. avg4.2%

Population

-12.4% 5-year

0

586

Population moved -12.4% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

69

22.3%

Median rent consumes 22.3% of median household income: Affordable.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.3K per resident

93

$38.6B

$38.6B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$38.6B

$7.3K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$20.2B
2. Department of Health and Human Services$8.0B
3. Department of Housing and Urban Development$2.3B

Top recipients

Dollars
1. CHICAGO HOUSING AUTHORITY$1.3B
2. NORTHROP GRUMMAN SYSTEMS CORPORATION$1.0B
3. ILLINOIS DEPARTMENT OF TRANSPORTATION$592.1M

Affordable

Housing Affordability

22.3%

of median income

1BR estimate$1,510
2BR estimate$1,988
Median income$99,000
Median home value$271,700

ACS context

Quick Facts

Population

586

Median age

39.7

Bachelor's degree+

26.5%

Poverty rate

16.5%

Labor force participation

57.0%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-2.6%

GDP CAGR

+5.9%

Federal flow

5 years

Population (5 years)
2020669
2021674
2022619
2023594
2024586
GDP (5 years)
2020$410.4B
2021$448.6B
2022$490.4B
2023$522.4B
2024$546.4B

2-year linear forecast

Predictive Outlook

Population forecast

2024586
2025555 *
2026530 *

R² = 89.0% · * projected

GDP forecast

2024$546.4B
2025$587.4B *
2026$622.0B *

R² = 99.0% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$99,000/yr
Median rent$1,841/mo
Rent share of income22.3%
Est. mortgage (30yr, 6.5%)$16,486/yr
Mortgage share of income16.7%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate5.8%
State avg5.1%
U.S. avg4.2%
Labor force participation57.0%
Poverty rate16.5%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$271,700
Median monthly rent$1,841
Price-to-rent ratio12.3x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateModerate
Composite score43/100
Economic growth71/100
Labor market34/100
Population momentum0/100
Overall stability51/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Bedford Park village, Illinois

City/Town

Part of

Chicago-Naperville-Elgin, IL-IN

Nearby locations

Burbank, ILBridgeview, ILSummit, ILForest View, ILJustice, IL