Forsyth, IL is a small city located in central Illinois. It is renowned for its rural charm and tight knit community. Residents enjoy access to ample amenities and activities including restaurants, parks, shopping centers, and more. Additionally, Forsyth offers a lower cost of living than the national average with an average two bedroom rent of $1,320 compared to the US average of $1,430. The grocery cost index in Forsyth is also lower than the national average at 100 versus 100 in the US. Furthermore, residents can take advantage of several local businesses such as McBroom’s Farm & Feed Supply Store, O'Laughlin's Pub & Grill Restaurant and Cooper's Appliance Repair Service when they need products and services. All in all residents can expect a quality life at an affordable rate when they move to Forsyth, IL.
Forsyth has an unemployment rate of 8.6%. The US average is 6.0%.
Forsyth has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Forsyth
- The Sales Tax Rate for Forsyth is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Forsyth is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Forsyth
- The average income of a Forsyth resident is $49,054 a year. The US average is $28,555 a year.
- The Median household income of a Forsyth resident is $96,875 a year. The US average is $69,021 a year.