Oak Park, IL is a vibrant and popular town situated just minutes west of Chicago. Not only does it boast a low average 2 bedroom rent rate of $1,510 when compared to the US average rent rate of $1,430, but also its grocery cost index ranks higher than the national average at 101. The village is home to many local businesses such as Oak Park Brewing Company which was voted one of the best craft breweries in the area, and Café Amano which offers some of the most delicious Italian cuisine. Furthermore, there are plenty of resources available to residents such as The Oak Park Public Library for all book lovers out there and The Oak Park Conservatory offering educational classes on gardening and nature.
Oak Park has an unemployment rate of 5.3%. The US average is 6.0%.
Oak Park 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 26.5%, which is lower than the US average of 33.5%.
Tax Rates for Oak Park
- The Sales Tax Rate for Oak Park is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Oak Park 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 Park
- The average income of a Oak Park resident is $47,573 a year. The US average is $28,555 a year.
- The Median household income of a Oak Park resident is $98,081 a year. The US average is $69,021 a year.