We constructed a local luminosity function (LF) of galaxies using a flux-limited sample (S_170 > 0.195Jy) of 55 galaxies at z < 0.3 taken from the ISO FIRBACK survey at 170um. The overall shape of the 170-um LF is found to be different from that of the total 60-um LF (Takeuchi et al. 2003): the bright end of the LF declines more steeply than that of the 60-um LF. This behavior is quantitatively similar to the LF of the cool subsample of the IRAS PSCz galaxies. We also estimated the strength of the evolution of the LF by assuming the pure luminosity evolution (PLE): L(z) propto (1+z)^Q. We obtained Q=5.0^{+2.5}_{-0.5} which is similar to the value obtained by recent Spitzer observations, in spite of the limited sample size. Then, integrating over the 170-um LF, we obtained the local luminosity density at 170um, rho_L(170um). A direct integration of the LF gives rho_L(170um) = 1.1 times 10^8 h Lsun Mpc^{-3}, whilst if we assume a strong PLE with Q=5, the value is 5.2 times 10^7 h Lsun Mpc^{-3}. This is a considerable contribution to the local FIR luminosity density. By summing up with other available infrared data, we obtained the total dust luminosity density in the Local Universe, rho_L(dust)=1.1 times 10^8 h Lsun Mpc^{-3}. Using this value, we estimated the cosmic star formation rate (SFR) density hidden by dust in the Local Universe. We obtained rho_SFR(dust) simeq 1.1-1.2 h times 10^{-2} Msun yr^{-1} Mpc^{-3}$, which means that 58.5% of the star formation is obscured by dust in the Local Universe.
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