Zip 60304 (Oak Park, IL) Economy


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Oak Park, IL (60304) is a great place to live and work. It offers a strong local economy with many large companies in the area such as McDonald’s, Walgreens, and United Airlines. The median 2 Bedroom rent is slightly higher than the US average at $1,450 per month. The Grocery Cost Index is also higher than the national average at 101 versus 100 in most of the country. There are plenty of job opportunities available at these companies and many other businesses located near Oak Park. With so much to offer, Oak Park is an ideal place for anyone looking for a new home or workplace.

Oak Park (zip 60304) has an unemployment rate of 5.3%. The US average is 6.0%.

Oak Park (zip 60304) 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 60304)
- The Sales Tax Rate for Oak Park (zip 60304) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Oak Park (zip 60304) 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 60304)
- The average income of a Oak Park (zip 60304) resident is $40,126 a year. The US average is $28,555 a year.
- The Median household income of a Oak Park (zip 60304) resident is $127,195 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%
  $54,179$37,638
  $127,195$69,021
  $148,469$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  4.0%6.8%
  4.5%10.0%
  1.4%2.5%
  7.5%11.0%
  6.0%4.8%
  0.3%0.8%
  2.7%1.9%
  4.7%4.7%
  2.9%1.9%
  17.2%7.6%
  0.1%0.1%
  3.6%4.2%
  16.6%9.3%
  16.0%14.0%
  2.0%2.1%
  2.7%7.0%
  3.9%4.8%
  3.6%4.7%
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