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Forest City, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
223
Population
$87,813
Median Income
$86,300
Home Value
36.1
Median Age

Demographics

Forest City has a population of 223 with a median age of 36.1. Here is the racial and ethnic breakdown of the population:

White
90.1%
Other
8.1%
Hispanic
1.8%
Demographic Value
Total Population223
Median Age36.1
White90.1%
Hispanic or Latino1.8%
Other / Two or More Races8.1%
Forest City, Illinois — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 90.1%Other: 8.1%Other: 1.8%223PopulationWhiteWhite90.1%OtherOther8.1%OtherOther1.8%

Income & Economy

The median household income in Forest City is $87,813, which is 8.9% above the national median of $80,610. The per capita income is $34,640. The poverty rate is 28.3%.

$87,813
Median Household Income
$34,640
Per Capita Income
28.3%
Poverty Rate

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Education

In Forest City, 89.6% of residents age 25+ have a high school diploma or higher, and 11.7% hold a bachelor's degree or higher (1.3% with a graduate or professional degree).

HS Diploma+
89.6%
Bachelor's+
11.7%
Graduate+
1.3%
Education Level % of Adults (25+)
High School Diploma or Higher89.6%
Bachelor's Degree or Higher11.7%
Graduate or Professional Degree1.3%

Housing

The median home value in Forest City is $86,300, below the national median of $303,400. The median monthly rent is $937. The homeownership rate is 67.7%.

$86,300
Median Home Value
$937/mo
Median Rent
67.7%
Homeownership Rate
Housing Metric Value
Median Home Value$86,300
Median Monthly Rent$937
Homeownership Rate67.7%
Vacancy Rate10.0%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Forest City, Illinois?
The population of Forest City, Illinois is 223 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Forest City, Illinois?
The median household income in Forest City, Illinois is $87,813. This is 8.9% above the national median of $80,610.
What is the median home value in Forest City, Illinois?
The median home value in Forest City, Illinois is $86,300. The median monthly rent is $937.
What percentage of people in Forest City have a college degree?
In Forest City, Illinois, 11.7% of adults age 25 and older hold a bachelor's degree or higher, and 89.6% have a high school diploma or higher.
Is Forest City, Illinois an affordable place to live?
The home price-to-income ratio in Forest City, Illinois is 1.0x (median home value $86,300 vs. median income $87,813), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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