Oak Park, IL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
129
Oak Park's Overall Cost Of Living
1.3x
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:

309 out of 338
In Illinois
5,222 out of 6,412
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
For more reading on cost of living around Illinois, check out:
Oak Park Cost of Living Vs. IL

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
Search Homes For Sale In Oak Park, IL
$409,000
Median Home Value
$1,303
Median Rent
$98,081
Median Income

Oak Park, IL Costs By Category

Detailed Oak Park Services Costs Vs. Illinois

Item Oak Park Illinois
Shampoo $1.06 $1.06
Movie $14.85 $10.68
Bowling $15.76 $14.67
Haircut $27.76 $18.62
Beauty Salon $65.57 $39.05

Detailed Oak Park Groceries Costs Vs. Illinois

Item Oak Park Illinois
Ground Beef $4.87 $4.22
Fried Chicken $1.99 $1.39
Milk $2.42 $2.05
Potatoes $3.23 $3.29
Pizza $12.0 $10.62
Beer $8.61 $9.38
Toothpaste $2.46 $2.34

Detailed Oak Park Health Costs Vs. Illinois

Item Oak Park Illinois
Optometrist $96.76 $108.57
Doctor $104.96 $116.17
Dentist $101.82 $99.13

Detailed Oak Park Transportation Costs Vs. Illinois

Item Oak Park Illinois
Gasoline $2.51 $2.22
Tire Balancing $56.85 $50.07

Detailed Oak Park Utilities Costs Vs. Illinois

Item Oak Park Illinois
All Electricity $131.89 $167.67
Phone $203.16 $175.64

Oak Park SnackAbility

9
/10
Overall SnackAbility
Jobs
8/10
Housing
9
Affordability
8
Diversity
9
Safety
8
Amenities
10
Education
9
Commute
3

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

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