Forest City, IL is a small town located in McHenry County, Illinois. With a population of less than 3,000 people, it is an ideal place for those looking for a peaceful and tranquil lifestyle. The cost of living is lower here than the national average; 2 bedroom rent averages only $700 compared to $1430 nationally and the Grocery Cost Index is 91 versus 100 in the US. Those who live in Forest City enjoy the many outdoor activities offered around Woodstock and Moraine Hills State Park as well as visiting local businesses such as Rockland Cafe and Ski Hill Marketplace. For those with an interest in history, The Old McHenry County Courthouse Museum provides a fascinating glimpse into the county's storied past.
Forest City has an unemployment rate of 6.3%. The US average is 6.0%.
Forest City has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 22.5%, which is lower than the US average of 33.5%.
Tax Rates for Forest City
- The Sales Tax Rate for Forest City is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Forest City 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 Forest City
- The average income of a Forest City resident is $20,528 a year. The US average is $28,555 a year.
- The Median household income of a Forest City resident is $57,500 a year. The US average is $69,021 a year.