61532 Forest City, IL is an ideal place to live for those looking for affordability in housing and groceries. The average 2 bedroom rent in this area is only $680 per month - much lower than the national average of $1,430. It's also a great place for grocery shopping, with the Grocery Cost Index being 90 compared to 100 across the US. Not only is it affordable, but there are plenty of local businesses to support in the area such as D&K Automotive, PDC Processing Solutions, Liberty Automotive Repair and Albrecht Auto Body. These companies have kept the community running and offer valuable services that make living here even better.
Forest City (zip 61532) has an unemployment rate of 6.3%. The US average is 6.0%.
Forest City (zip 61532) 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 (zip 61532)
- The Sales Tax Rate for Forest City (zip 61532) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Forest City (zip 61532) 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 (zip 61532)
- The average income of a Forest City (zip 61532) resident is $23,650 a year. The US average is $28,555 a year.
- The Median household income of a Forest City (zip 61532) resident is $48,750 a year. The US average is $69,021 a year.