Oak Park, IL Cost Of Living
Cost Of Living In Oak Park, IL Summary
Cost of living in Oak Park 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 Park 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 Park is 129, with 100 being the average.
The cost of living index in Oak Park is 1.3x higher than the national average.
Oak Park ranks as the #309 cheapest in Illinois out of 338.
Oak Park ranks as the #5,222 cheapest out of 6,412 in the US.
The median home value in Oak Park is $409,000.
The median income in Oak Park is $98,081.
Table Of Contents
Oak Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Oak Park, IL?
According to the most recent data on the cost of living, Oak Park has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.
Compared to Illinois, Oak Park has a cost of living index that's 1.4x higher than Illinois's index of 92.
The standard of living in Oak Park ranks as #309 most affordable out of the 338 places we measured in Illinois. By definition, that implies Oak Park ranks as the #29 most expensive place in the Prairie State.
For more reading on life in Oak Park, check out:
- Living In Oak Park
- Oak Park Crime Report
- Search Homes For Sale In Oak Park, IL
In Illinois
In America
Oak Park Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Oak Park. Here is how it fairs on each of the criteria:
The Services index in Oak Park is 112.
The Groceries index in Oak Park is 109.
The Health index in Oak Park is 101.
The Housing index in Oak Park is 169.
The Transportation index in Oak Park is 113.
The Utilities index in Oak Park is 93.
| Living Expense | Oak Park | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 129 | 92 | 100 | |
| Services | 112 | 95 | 100 | |
| Groceries | 109 | 98 | 100 | |
| Health | 101 | 96 | 100 | |
| Housing | 169 | 81 | 100 | |
| Transportation | 113 | 105 | 100 | |
| Utilities | 93 | 90 | 100 | |
Oak Park, 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 Park is $409,000.
The Median Rent in Oak Park is $1,303.
The Median Income in Oak Park is $98,081.
The Home Value To Income in Oak Park is 4.2x.
The Rent To Monthly Income in Oak Park is 0.16x.
| Statistic | Oak Park | Illinois | United States |
|---|---|---|---|
| Median Home Value | $409,000 | $212,600 | $244,900 |
| Median Rent | $1,303 | $1,097 | $1,163 |
| Median Income | $98,081 | $72,563 | $69,021 |
| Home Value To Income | 4.2x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Oak Park, IL Costs By Category
Detailed Oak Park Services Costs Vs. Illinois
Detailed Oak Park Groceries Costs Vs. Illinois
Detailed Oak Park Health Costs Vs. Illinois
Detailed Oak Park Transportation Costs Vs. Illinois
Detailed Oak Park Utilities Costs Vs. Illinois
Oak Park SnackAbility
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Cost Of Living In Cities Around Oak Park
The cost of living varies in the cities and towns around Oak Park. Here's a quick look at the cost of living in the most populous nearby places:
Cicero, IL has a cost of living index of 98, 0.8x Oak Park.
Berwyn, IL has a cost of living index of 105, 0.8x Oak Park.
Glenview, IL has a cost of living index of 147, 1.1x Oak Park.
| City | Population | Cost Of Living | Vs. Oak Park |
|---|---|---|---|
| Cicero, IL | 84,905 | 98 | 0.8x |
| Berwyn, IL | 56,960 | 105 | 0.8x |
| Glenview, IL | 48,150 | 147 | 1.1x |
| Elmhurst, IL | 45,661 | 131 | 1.0x |
| Park Ridge, IL | 39,562 | 131 | 1.0x |
| Northbrook, IL | 35,108 | 156 | 1.2x |
| Glen Ellyn, IL | 28,506 | 132 | 1.0x |
| Wilmette, IL | 27,895 | 166 | 1.3x |
| Melrose Park, IL | 25,417 | 105 | 0.8x |
| Elmwood Park, IL | 24,517 | 112 | 0.9x |
