Housing costs in Oakwood?
A typical home costs
$127,500, which is 62.3% less expensive than the national average of
$338,100 and 47.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Oakwood costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 46.5% cheaper than the state average of
$1,260.
Can I afford Oakwood?
To live comfortably in Oakwood, Illinois, a minimum annual income of
$24,480 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Oakwood?
The cost of living in Oakwood, IL is relatively low compared to other areas in the United States. The median housing price is just below $100,000 and the median household income is slightly above $50,000. The median rent for a two bedroom apartment in Oakwood is around $750 per month. Utilities are also fairly affordable with electricity costing around $100 per month and natural gas costing only about $50 per month on average. Transportation costs are also minimal due to the availability of public transportation. With all these factors considered, living in Oakwood is an attractive and affordable option for many people looking to move to Illinois.