Housing costs in Oakland?
A typical home costs
$92,600, which is 72.6% less expensive than the national average of
$338,100 and 61.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Oakland costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 59.5% cheaper than the state average of
$1,260.
Can I afford Oakland?
To live comfortably in Oakland, Illinois, a minimum annual income of
$17,640 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Oakland?
Oakland, IL is an affordable place to live. The cost of living in Oakland is approximately 12% lower than the national average. Housing costs are particularly reasonable, with the median home price being around $109,000 compared to the Illinois average of $183,200. This makes it an attractive option for those looking to purchase a home or rent an apartment at a reasonable rate. Oakland also has a variety of dining and entertainment options that fit within most budgets. Additionally, utility costs remain fairly low throughout the year due to mild winters and summers. All in all, Oakland is an affordable city that allows residents to enjoy life without breaking the bank.