Living in Oakbrook Terrace, Illinois
Cost of living, income, home prices, rent and demographics of Oakbrook Terrace · Census data 2020–2024
Oakbrook Terrace has 2,723 residents with a median age of 34.4. The median household income is $76,905 (8% lower than the Illinois median), the median home value is $372,400, the median rent is $1,875/month.
Oakbrook Terrace at a glance
- Population
- 2,723
- Median age
- 34.4State: 39
- Median household income
- $76,905State: $83,390
- Median home value
- $372,400State: $263,300
- Median rent
- $1,875/moState: $1,274
- Homeowners
- 24.8%
- Bachelor's degree or higher
- 56.7%
- Average commute
- 27 min
Is Oakbrook Terrace a good place to live?
Pros: An average commute of 27 minutes; unemployment of 3.7%.
Cons: Median household income 8% lower than the Illinois median; home values 41% higher than the state median; a poverty rate of 17.3%.
The weather is best in May–June and August–September.
Cost of living in Oakbrook Terrace
Housing is the biggest part of the cost of living. In Oakbrook Terrace the median home value is $372,400, 12% higher than the U.S. median. Renters pay a median of $1,875 per month, which is 26.5% of household income. Homeowners with a mortgage pay $2,893 a month in housing costs.
Oakbrook Terrace median household income
The median household income in Oakbrook Terrace is $76,905 and the income per person is $58,073. 17.3% of residents live below the poverty line (Illinois: 11.8%).
Housing in Oakbrook Terrace: homes for sale and rent
- Housing units
- 1,526
- Owner-occupied
- 24.8%
- Renter-occupied
- 75.2%
- Vacant
- 12.6%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.04
Oakbrook Terrace demographics
- Population
- 2,723
- Median age
- 34.4
- Under 18
- 15.8%
- 65 and older
- 19.6%
- Households
- 1,334
- Foreign-born
- 24.8%
- Veterans
- 3.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Oakbrook Terrace ›
Education in Oakbrook Terrace
56.7% of adults 25 and older in Oakbrook Terrace have a bachelor's degree or higher (Illinois: 37.8%), and 27.5% have a graduate or professional degree.
Jobs and commute in Oakbrook Terrace
- Unemployment rate
- 3.7%State: 5.8%
- Average commute
- 27 minState: 28 min
- Work from home
- 24.6%
- Drive alone
- 69.9%
- Public transit
- 1.8%
- Walk to work
- 0.7%
- Homes with broadband
- 95.4%
Oakbrook Terrace vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Oakbrook Terrace | 2,723 | $76,905 | $372,400 | $1,875 |
| Oak Brook | 8,056 | $175,870 | $903,200 | $2,590 |
| Villa Park | 22,345 | $95,015 | $329,000 | $1,438 |
| Lombard | 43,619 | $100,362 | $335,700 | $1,948 |
| Elmhurst | 45,671 | $149,644 | $545,400 | $1,975 |
| Hillside | 8,084 | $72,320 | $246,800 | $1,320 |
| Berkeley | 5,199 | $85,823 | $246,900 | $1,434 |
| Clarendon Hills | 8,659 | $130,388 | $605,800 | $1,142 |
| Westchester | 16,436 | $98,954 | $327,300 | $1,794 |
More for people moving to Oakbrook Terrace
Oakbrook Terrace ZIP code ›Weather and climate ›Living in Oakbrook Terrace: FAQ
What is the median household income in Oakbrook Terrace, IL?
The median household income in Oakbrook Terrace is $76,905, 8% lower 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 Oakbrook Terrace?
The median home value in Oakbrook Terrace is $372,400, compared with $263,300 in Illinois.
How much is rent in Oakbrook Terrace?
The median gross rent in Oakbrook Terrace is $1,875 per month, about 26.5% of household income.
Is Oakbrook Terrace, IL a good place to live?
Pluses: an average commute of 27 minutes; unemployment of 3.7%. Minuses: median household income 8% lower than the Illinois median; home values 41% higher than the state median; a poverty rate of 17.3%.
What is the median age in Oakbrook Terrace?
The median age in Oakbrook Terrace is 34.4 years (Illinois: 39).
How long is the commute in Oakbrook Terrace?
The average commute to work in Oakbrook Terrace is 27 minutes; 24.6% of workers work from home.
What is the unemployment rate in Oakbrook Terrace?
The unemployment rate in Oakbrook Terrace is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Oakbrook Terrace?
56.7% of adults in Oakbrook Terrace 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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