salaryRent is higher than in 64% of U.S. cities. A typical house costs about 3.9 years of household income. Commutes are long, about 31.6 minutes each way. It is a highly educated city: 72.5% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $76,680 a year. That is $37 an hour at a full-time job.
Is rent cheaper than other Illinois cities?
No. Rent here is more expensive than in most of Illinois. It is number 252 of 334 cities from cheapest to most expensive.
How much do households earn in Oak Park?
Share of households by yearly income. 44.8% of households earn $100,000 or more.
Rent by apartment size in Oak Park
| Size | Oak Park | U.S. average |
|---|---|---|
| Studio | $1,338 | $1,338 |
| 1 bedroom | $1,529 | $1,324 |
| 2 bedrooms | $2,122 | $1,509 |
| 3 bedrooms | $2,495 | $1,698 |
| 4 bedrooms | $2,958 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Oak Park overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Oak Park, so the Illinois figure is shown.
Taxes and bills in Oak Park
Life in Oak Park
Is it cheaper to rent or buy in Oak Park?
Renting is cheaper right now: about $1,313 a month less.
Owning assumes a typical $465,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $46,550 for the down payment.
Frequently asked questions
What is the average rent in Oak Park, IL?
Renting in Oak Park costs a median of about $1,917 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Oak Park?
To keep rent under 30% of income, you need about $76,680 a year, or $37 an hour at a full-time job.
Is Oak Park cheap or expensive?
Oak Park is rated Cheap: rent takes 19.2% of the typical household income of $119,519. It ranks 252nd cheapest of 334 Illinois cities we track.
How much are property taxes in Oak Park?
The median homeowner in Oak Park pays $10,000+ a year in property taxes, about 2.15% of the median home value.
Is Oak Park more expensive than the national average?
Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Oak Park?
The median home value in Oak Park is $465,500, about 3.9 times the typical yearly household income.
53,292 people live in Oak Park. Numbers are typical (middle) values.