Oakbrook Terrace, IL is located in DuPage County and is a vibrant hub with affordable living expenses. The average 2 bedroom rent in Oakbrook Terrace is $1,560 which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Oakbrook Terrace is 97 versus 100 nationally. This makes it an excellent place to live for anyone on a budget who is looking for an urban lifestyle. The city also boasts of several large companies such as AMN Healthcare Services, Inc., Illinois Tool Works, Inc., and CTS Corporation that provide employment opportunities to local residents.
Oakbrook Terrace has an unemployment rate of 5.4%. The US average is 6.0%.
Oakbrook Terrace 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 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Oakbrook Terrace
- The Sales Tax Rate for Oakbrook Terrace is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Oakbrook Terrace 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 Oakbrook Terrace
- The average income of a Oakbrook Terrace resident is $40,613 a year. The US average is $28,555 a year.
- The Median household income of a Oakbrook Terrace resident is $60,761 a year. The US average is $69,021 a year.