Cost of Living in Forest City, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
91.0
100 = national avg
-9.0 vs national average
Living Wage (1 Adult)
$40,043
per year
Living Wage (Family of 4)
$94,646
per year
Cost Index by Category
Housing79.9
Food98.2
Transportation96.5
Healthcare98.6
Utilities94.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$698
per month
2 Bedroom
$916
per month
The overall cost of living index in Forest City is 91.0, which is 9.0% below the national average. Housing costs are below the national average at an index of 79.9. A single adult needs to earn approximately $40,043 per year to cover basic expenses.