Housing costs in Oak Grove?
A typical home costs
$40,900, which is 87.9% less expensive than the national average of
$338,100 and 83.1% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Oak Grove costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and 32.6% cheaper than the state average of
$1,260.
Can I afford Oak Grove?
To live comfortably in Oak Grove, Illinois, a minimum annual income of
$7,920 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Oak Grove?
The cost of living in Oak Grove, IL is relatively low compared to other towns and cities in the state. The median household income for the area is well below the average when compared to other areas in Illinois, meaning that people who live in Oak Grove are able to save more money on their living expenses. Groceries, housing, healthcare, and utility costs are all much lower than the national average. Additionally, transportation costs are lower due to the proximity of public transit as well as major highways and freeways. All of these factors combine to make life in Oak Grove cheaper than most places, allowing residents a greater ability to save money and plan for their future.