Oak Lawn, IL Cost Of Living
Cost Of Living In Oak Lawn, IL Summary
Cost of living in Oak Lawn research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Oak Lawn is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Oak Lawn is 106, with 100 being the average.
The cost of living index in Oak Lawn is 1.1x higher than the national average.
Oak Lawn ranks as the #216 cheapest in Illinois out of 338.
Oak Lawn ranks as the #3,772 cheapest out of 6,412 in the US.
The median home value in Oak Lawn is $222,400.
The median income in Oak Lawn is $70,787.
Table Of Contents
Oak Lawn's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Oak Lawn, IL?
According to the most recent data on the cost of living, Oak Lawn has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Illinois, Oak Lawn has a cost of living index that's 1.2x higher than Illinois's index of 92.
The standard of living in Oak Lawn ranks as #216 most affordable out of the 338 places we measured in Illinois. By definition, that implies Oak Lawn ranks as the #122 most expensive place in the Prairie State.
For more reading on life in Oak Lawn, check out:
- Living In Oak Lawn
- Oak Lawn Crime Report
- Search Homes For Sale In Oak Lawn, IL
In Illinois
In America
Oak Lawn Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Oak Lawn. Here is how it fairs on each of the criteria:
The Services index in Oak Lawn is 116.
The Groceries index in Oak Lawn is 108.
The Health index in Oak Lawn is 99.
The Housing index in Oak Lawn is 103.
The Transportation index in Oak Lawn is 114.
The Utilities index in Oak Lawn is 91.
| Living Expense | Oak Lawn | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 106 | 92 | 100 | |
| Services | 116 | 95 | 100 | |
| Groceries | 108 | 98 | 100 | |
| Health | 99 | 96 | 100 | |
| Housing | 103 | 81 | 100 | |
| Transportation | 114 | 105 | 100 | |
| Utilities | 91 | 90 | 100 | |
Oak Lawn, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Oak Lawn is $222,400.
The Median Rent in Oak Lawn is $1,144.
The Median Income in Oak Lawn is $70,787.
The Home Value To Income in Oak Lawn is 3.1x.
The Rent To Monthly Income in Oak Lawn is 0.19x.
| Statistic | Oak Lawn | Illinois | United States |
|---|---|---|---|
| Median Home Value | $222,400 | $212,600 | $244,900 |
| Median Rent | $1,144 | $1,097 | $1,163 |
| Median Income | $70,787 | $72,563 | $69,021 |
| Home Value To Income | 3.1x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Oak Lawn, IL Costs By Category
Detailed Oak Lawn Services Costs Vs. Illinois
Detailed Oak Lawn Groceries Costs Vs. Illinois
Detailed Oak Lawn Health Costs Vs. Illinois
Detailed Oak Lawn Transportation Costs Vs. Illinois
Detailed Oak Lawn Utilities Costs Vs. Illinois
Oak Lawn SnackAbility
/10
Cost Of Living In Cities Around Oak Lawn
The cost of living varies in the cities and towns around Oak Lawn. Here's a quick look at the cost of living in the most populous nearby places:
Downers Grove, IL has a cost of living index of 120, 1.1x Oak Lawn.
Elmhurst, IL has a cost of living index of 131, 1.2x Oak Lawn.
Burbank, IL has a cost of living index of 106, 1.0x Oak Lawn.
| City | Population | Cost Of Living | Vs. Oak Lawn |
|---|---|---|---|
| Downers Grove, IL | 50,209 | 120 | 1.1x |
| Elmhurst, IL | 45,661 | 131 | 1.2x |
| Burbank, IL | 29,312 | 106 | 1.0x |
| Glen Ellyn, IL | 28,506 | 132 | 1.2x |
| Lisle, IL | 23,982 | 117 | 1.1x |
| Darien, IL | 22,087 | 111 | 1.0x |
| Evergreen Park, IL | 19,884 | 104 | 1.0x |
| Alsip, IL | 19,036 | 104 | 1.0x |
| Palos Hills, IL | 18,379 | 105 | 1.0x |
| Hinsdale, IL | 17,148 | 193 | 1.8x |
