Living in Oak Park, Illinois
Cost of living, income, home prices, rent and demographics of Oak Park · Census data 2020–2024
Oak Park has 53,292 residents with a median age of 40.3. The median household income is $110,820 (33% higher than the Illinois median), the median home value is $465,500, the median rent is $1,593/month.
Oak Park at a glance
- Population
- 53,292
- Median age
- 40.3State: 39
- Median household income
- $110,820State: $83,390
- Median home value
- $465,500State: $263,300
- Median rent
- $1,593/moState: $1,274
- Homeowners
- 60%
- Bachelor's degree or higher
- 72.5%
- Average commute
- 32 min
Is Oak Park a good place to live?
Pros: Median household income 33% higher than the Illinois median; unemployment of 5.6%; a poverty rate of 7.4%.
Cons: Home values 77% higher than the state median; an average commute of 32 minutes.
The weather is best in June to September.
Cost of living in Oak Park
Housing is the biggest part of the cost of living. In Oak Park the median home value is $465,500, 40% higher than the U.S. median. Renters pay a median of $1,593 per month, which is 27.5% of household income. Homeowners with a mortgage pay $3,202 a month in housing costs.
Oak Park median household income
The median household income in Oak Park is $110,820 and the income per person is $71,362. 7.4% of residents live below the poverty line (Illinois: 11.8%).
Housing in Oak Park: homes for sale and rent
- Housing units
- 24,872
- Owner-occupied
- 60%
- Renter-occupied
- 40%
- Vacant
- 6%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.26
Oak Park demographics
- Population
- 53,292
- Median age
- 40.3
- Under 18
- 23.9%
- 65 and older
- 17.7%
- Households
- 23,387
- Foreign-born
- 9.2%
- Veterans
- 3.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Oak Park ›
Education in Oak Park
72.5% of adults 25 and older in Oak Park have a bachelor's degree or higher (Illinois: 37.8%), and 38.7% have a graduate or professional degree.
Jobs and commute in Oak Park
- Unemployment rate
- 5.6%State: 5.8%
- Average commute
- 32 minState: 28 min
- Work from home
- 31%
- Drive alone
- 45%
- Public transit
- 13.1%
- Walk to work
- 4.3%
- Homes with broadband
- 94.1%
Oak Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Oak Park | 53,292 | $110,820 | $465,500 | $1,593 |
| River Forest | 11,992 | $146,786 | $687,300 | $1,554 |
| Forest Park | 13,943 | $77,221 | $304,700 | $1,367 |
| Elmwood Park | 23,868 | $91,955 | $339,300 | $1,334 |
| Maywood | 23,201 | $68,815 | $229,800 | $1,209 |
| Berwyn | 55,595 | $78,408 | $299,800 | $1,215 |
| Cicero | 82,797 | $70,842 | $249,400 | $1,154 |
| North Riverside | 7,249 | $77,170 | $297,800 | $1,301 |
| River Grove | 10,451 | $69,858 | $241,800 | $1,214 |
More for people moving to Oak Park
Oak Park ZIP code ›Weather and climate ›Living in Oak Park: FAQ
What is the median household income in Oak Park, IL?
The median household income in Oak Park is $110,820, 33% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Oak Park?
The median home value in Oak Park is $465,500, compared with $263,300 in Illinois.
How much is rent in Oak Park?
The median gross rent in Oak Park is $1,593 per month, about 27.5% of household income.
Is Oak Park, IL a good place to live?
Pluses: median household income 33% higher than the Illinois median; unemployment of 5.6%; a poverty rate of 7.4%. Minuses: home values 77% higher than the state median; an average commute of 32 minutes.
What is the median age in Oak Park?
The median age in Oak Park is 40.3 years (Illinois: 39).
How long is the commute in Oak Park?
The average commute to work in Oak Park is 32 minutes; 31% of workers work from home.
What is the unemployment rate in Oak Park?
The unemployment rate in Oak Park is 5.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Oak Park?
72.5% of adults in Oak Park have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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