salaryRent is lower than in 58% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.
How much money do I need?
To rent here comfortably, you should earn about $59,880 a year. That is $29 an hour at a full-time job.
Is rent cheaper than other Michigan cities?
No. Rent here is more expensive than in most of Michigan. It is number 118 of 179 cities from cheapest to most expensive.
How much do households earn in Oak Park?
Share of households by yearly income. 19.8% of households earn $100,000 or more.
Rent by apartment size in Oak Park
| Size | Oak Park | U.S. average |
|---|---|---|
| Studio | $860 | $1,338 |
| 1 bedroom | $1,136 | $1,324 |
| 2 bedrooms | $1,562 | $1,509 |
| 3 bedrooms | $1,919 | $1,698 |
| 4 bedrooms | $2,311 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Oak Park overall?
Everyday prices in Michigan overall are 4% below the U.S. average (index 96.2, 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 Michigan figure is shown.
Taxes and bills in Oak Park
Life in Oak Park
Is it cheaper to rent or buy in Oak Park?
About the same. Renting and owning cost within $24 of each other each month.
Owning assumes a typical $212,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $21,230 for the down payment.
Frequently asked questions
What is the average rent in Oak Park, MI?
Renting in Oak Park costs a median of about $1,497 a month in 2026, including utilities. The Michigan median is $1,314.
How much do I need to make to live in Oak Park?
To keep rent under 30% of income, you need about $59,880 a year, or $29 an hour at a full-time job.
Is Oak Park cheap or expensive?
Oak Park is rated OK: rent takes 23.3% of the typical household income of $77,124. It ranks 118th cheapest of 179 Michigan cities we track.
How much are property taxes in Oak Park?
The median homeowner in Oak Park pays $2,839 a year in property taxes, about 1.34% of the median home value.
Is Oak Park more expensive than the national average?
Overall prices in Michigan are 4% below 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 $212,300, about 2.8 times the typical yearly household income.
29,318 people live in Oak Park. Numbers are typical (middle) values.