Forest City, IL — income, home value, property tax, and sales tax.
Forest City’s 62655 ZIP code sits in middle-income territory, with a median household income of $56,750 and per-capita income of $34,456. That places local earnings below the affluent threshold but comfortably above working-class levels. The county-level property tax rate of 2.09% is on the higher side, so homeowners here hand over a meaningful share of their home's value each year. Add a combined sales tax of 7.25%, and the overall tax picture tilts toward the heavier end for a community at this income level, trimming what households can save or spend elsewhere.
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