Forest City, IL
Population 225 · Illinois
About Forest City, IL
Forest City is a small community in Illinois with a population of 225 residents. The median household income is $63,125 per year, which is near the national average. The median age in Forest City is 38.6 years.
Housing in Forest City has a median home value of $70,000 and median monthly rent of $920. Of the 102 total housing units, the majority are owner-occupied, with 66 owner-occupied and 27 renter-occupied units.
The unemployment rate in Forest City is 18.3% and the poverty rate is 28.4%. 13.4% of residents hold a bachelor's degree or higher. The average commute time is 30.8 minutes.
Cost of Living in Forest City, IL
Compared to national averages, Forest City has a median household income of $63,125 (16% below the national median of $75,149). Home values average $70,000, which is 71% below the national median. Monthly rent at $920 is 21% below the US average of $1,163. Within Illinois, Forest City's income is 16% below the state average of $75,072, and home values are 58% below the state median of $165,779.
Why Live in Forest City, IL?
Forest City offers affordable housing with a median home value of $70,000, below the US average of $244,900, and rent that’s lower than the national average at $920/month.
Potential considerations include median household income ($63,125) that falls below the national average. However, Forest City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Forest City has a population of 225 with a median age of 38.6 years. Compare Forest City with other cities to see how it stacks up, or explore all cities in Illinois.
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Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Forest City
What is the population of Forest City, IL?
The population of Forest City, IL is 225 according to the latest Census data.
What is the median household income in Forest City?
The median household income in Forest City, IL is $63,125 per year.
What is the median home value in Forest City?
The median home value in Forest City, IL is $70,000.
What is the average rent in Forest City?
The median monthly rent in Forest City, IL is $920.
What is the unemployment rate in Forest City?
The unemployment rate in Forest City, IL is 18.3%.