Cost of Living in Forest Lake, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
158.3
100 = national avg
+58.3 vs national average
Living Wage (1 Adult)
$69,668
per year
Living Wage (Family of 4)
$164,671
per year
Cost Index by Category
Housing207.0
Food121.0
Transportation142.1
Healthcare116.8
Utilities134.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,581
per month
2 Bedroom
$1,781
per month
The overall cost of living index in Forest Lake is 158.3, which is 58.3% above the national average. Housing costs are above the national average at an index of 207.0. A single adult needs to earn approximately $69,668 per year to cover basic expenses.