Oak Lawn, IL is a great place to live and work. Located in the heart of Chicago's south side, it offers residents easy access to all the incredible things that city has to offer. The average two bedroom rent in Oak Lawn is $1,360 compared to the US average of $1,430. This makes it much easier for people on a budget to enjoy the beauty of living in this area. Along with affordable housing, Oak lawn also has a lower cost of living as evidenced by its grocery cost index of 96 compared to 100 in the US.
The business community in Oak Lawn is vibrant and diverse offering everything from finance centers like Bank Financial and medical specialists like Advocate Christ Medical Center, to small businesses like Redline Motorsports. For dining out there are plenty of restaurants ranging from local favorites like Jim & Pete’s Pizza or The Great American Bagel Bakery & Deli as well as national chains such as Applebee’s Neighborhood Grill & Bar and Olive Garden Italian Restaurant.
In terms of entertainment and recreational activities, Oak Lawn offers a variety of attractions including the awesome outdoor festival known as “Taste Of Chicago” held each year on Labor Day weekend; the always amusing Odyssey Fun World laser tag arena; and the historic Evergreen Park with its beautiful gardens and water features. There are many other places to explore in Oak Lawn so be sure to take some time while you are visiting there!
Oak Lawn has an unemployment rate of 7.6%. The US average is 6.0%.
Oak Lawn has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Oak Lawn
- The Sales Tax Rate for Oak Lawn is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Oak Lawn is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oak Lawn
- The average income of a Oak Lawn resident is $28,514 a year. The US average is $28,555 a year.
- The Median household income of a Oak Lawn resident is $70,787 a year. The US average is $69,021 a year.