Housing costs in Oakwood?
A typical home costs
$128,100, which is 62.1% less expensive than the national average of
$338,100 and 47.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Oakwood costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 48.2% cheaper than the state average of
$1,260.
Can I afford Oakwood?
To live comfortably in Oakwood (zip 61858), 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 61858 Oakwood, IL is relatively low compared to other cities in the United States, making it an attractive option for potential homebuyers. The cost of housing and goods is significantly lower than most major metropolitan areas, with an average home price of $129,000 and a median household income of $45,719. Additionally, the cost of groceries and utilities are modestly priced in this area. All in all, 61858 Oakwood residents can enjoy a comfortable lifestyle while keeping their monthly expenses to a minimum.