Zip 60302 (Oak Park, IL) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Oak Park, IL (60302) is an ideal location for those seeking a two-bedroom rental. At $1,540, the rent is slightly higher compared to the US average of $1,430. Grocery costs in Oak Park are also slightly higher with an index rating of 101, versus 100 in the US. This area of Illinois is home to numerous major employers like ComEd, a power provider; YMCA Metro Chicago; and Rush University Medical Center. Other notable businesses include Golub & Company, Holland & Knight LLP, and Northern Trust Corporation. For shoppers looking for unique items or gifts there's a range of boutiques such as Oak Park Art League and Flutter Boutique plus local favorite The Book Table that offers new and used books for sale.

Oak Park (zip 60302) has an unemployment rate of 5.3%. The US average is 6.0%.

Oak Park (zip 60302) 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 (zip 60302)
- The Sales Tax Rate for Oak Park (zip 60302) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Oak Park (zip 60302) 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 (zip 60302)
- The average income of a Oak Park (zip 60302) resident is $51,325 a year. The US average is $28,555 a year.
- The Median household income of a Oak Park (zip 60302) resident is $91,020 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOak Park, IllinoisUnited States
  5.36
  -9.4%-6.2%
  26.5%33.5%
  10.0%6.2%
  5.0%4.6%
  $63,908$37,638
  $91,020$69,021
  $152,533$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  2.0%6.8%
  5.4%10.0%
  1.9%2.5%
  4.8%11.0%
  3.2%4.8%
  0.6%0.8%
  3.0%1.9%
  6.7%4.7%
  4.0%1.9%
  15.7%7.6%
  0.0%0.1%
  2.6%4.2%
  15.9%9.3%
  17.1%14.0%
  3.6%2.1%
  4.0%7.0%
  5.6%4.8%
  3.7%4.7%
Health