Cost Of Living in Forest City, IL

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Forest City	Illinois	National
Cost of living	81	96	100
Goods & Services	94	97	100
Groceries	99	98	100
Health care	86	95	100
Housing	49	95	100
Transportation	101	103	100
Utilities	90	89	100

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Cost Of Living Quick Facts

The cost of living in Forest City is 16% lower than the Illinois average
The cost of living in Forest City is 19% lower than the national average
Forest City housing is 51% lower than the national average
Illinois general sales tax is 22% higher than the national average
Illinois state income tax is 91% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$55,938	$4,662	$1,305	$1,678
Renters	$32,321	$2,693	$754	$970

Illinois Sales Tax

State	General Sales Tax	With Max Surtax
Illinois	6.25%	10.25%

Illinois Income Tax

State	Income Tax (Low)	Income Tax (High)
Illinois	4.95%	4.95%

Goods & Services

Item	Forest City	National avg.	Difference
Haircut	$25.00	$24.26	3.0%
Beauty Salon	$39.00	$45.56	14.4%
Toothpaste	$3.80	$3.70	2.5%
Shampoo	$1.35	$1.28	5.2%
Movie	$9.91	$12.13	18.4%
Bowling	$15.00	$18.00	16.7%

Groceries

Item	Forest City	National avg.	Difference
Ground Beef	$6.23	$5.84	6.8%
Fried Chicken	$1.61	$1.57	2.4%
Milk	$4.74	$4.67	1.5%
Potatoes	$4.97	$4.93	0.6%
Pizza	$12.49	$12.09	3.4%
Beer	$10.32	$10.41	0.9%

Health Care

Item	Forest City	National avg.	Difference
Optometrist	$119.25	$125.68	5.1%
Doctor	$128.33	$135.78	5.5%
Dentist	$81.17	$113.29	28.4%
Ibuprofen	$10.34	$10.65	2.9%
Lipitor	$437.64	$468.60	6.6%

Housing

Item	Forest City	National avg.	Difference
Home Price	$59,500.00	$184,700.00	67.8%
Avg. Mortgage Payment	$1,766.12	$2,346.69	24.7%
Apartment Rent	$829.00	$949.00	12.6%

Transportation

Item	Forest City	National avg.	Difference
Gasoline	$3.68	$3.46	6.3%
Tire Balancing	$53.33	$59.92	11.0%

Utilities

Item	Forest City	National avg.	Difference
All Electricity	$158.51	$193.99	18.3%
Phone	$197.49	$192.25	2.7%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Liverpool, IL	128	78	22.4%
Topeka, IL	62	79	21.4%
St. David, IL	560	79	21.1%
Mapleton, IL	333	80	20.1%
New Holland, IL	257	80	20.4%
Forest City, IL	314	81	19.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Union, AL	314	73	27.1%
Biggers, AR	314	76	24.4%
Pinal, AZ	314	91	9.1%
Midpines, CA	314	123	23.0%
Diggins, MO	314	78	22.0%
Forest City, IL	314	81	19.0%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Forest City, IL