Housing costs in Oakbrook Terrace?
A typical home costs
$338,000, which is 0.0% less expensive than the national average of
$338,100 and 39.8% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Oakbrook Terrace costs
$1,560 per month, which is 9.1% more than the national average of
$1,430 and 19.2% more than the state average of
$1,260.
Can I afford Oakbrook Terrace?
To live comfortably in Oakbrook Terrace, Illinois, a minimum annual income of
$64,800 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about Oakbrook Terrace?
Oakbrook Terrace, IL is known for its high cost of living. According to BestPlaces, the cost of living index in Oakbrook Terrace is 92.8, which is higher than the United States average of 68.6. Rent prices are particularly expensive; one-bedroom apartments in the city center can reach up to $1,728 per month on average. Groceries and other everyday goods also tend to be more expensive than the national average. The median household income in Oakbrook Terrace is also fairly high at $88,148, which reflects the city's expensive cost of living and can provide a bit of relief for residents looking to make ends meet.