Housing costs in Oak Park?
A typical home costs
$401,500, which is 18.8% more expensive than the national average of
$338,100 and 66.1% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Oak Park costs
$1,450 per month, which is 15.1% more than the national average of
$1,260 and 3.4% more than the state average of
$1,400.
Can I afford Oak Park?
To live comfortably in Oak Park (zip 60304), Illinois, a minimum annual income of
$77,040 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Oak Park?
The cost of living in 60304 Oak Park, IL is relatively high compared to the national average. The median home value is $289,000, which is over 20% higher than the national median. Furthermore, the median household income is around $68,000 while the national median is around $55,000. Although rents are slightly lower than the state average, they are still quite expensive and range from $950 for a one-bedroom apartment to over $1,450 for a three-bedroom unit. The cost of goods and services is also higher than average due to Oak Park's proximity to Chicago. Overall, living in 60304 Oak Park can be quite expensive compared to other areas across the country.