Forest City, IA is a vibrant community situated in Northern Iowa. It offers an array of entertainment, shopping and recreation options to its residents. It has a relatively low cost of living compared to other cities in the US; for example the rent for 2 Bedroom apartments in Forest City is $850 compared to the national average of $1,430. Grocery costs are also lower in Forest City; it has a grocery cost index of 94 versus 100 on average across the US. In terms of business opportunities, Forest City is home to companies such as Winnebago Industries, Ag Partners and Diversified Production Services. The city offers great quality of life at an affordable cost making it attractive to both businesses and families alike.
Forest City has an unemployment rate of 4.1%. The US average is 6.0%.
Forest City has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Forest City
- The Sales Tax Rate for Forest City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Forest City is 9.0%. 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 $23,873 a year. The US average is $28,555 a year.
- The Median household income of a Forest City resident is $53,559 a year. The US average is $69,021 a year.