Oak Lawn, IL

Living costs in Oak Lawn land close to the national average, with a Cost Index of 97 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $278,215, and typical monthly rents run around $1,310. Groceries and utilities are slightly above what you would find in most US cities.

Start with housing. Typical monthly rent is $1,310, while local median household income is $82,493. That implies a rent-burden proxy of about 19% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Illinois has a progressive state income tax with a top rate of 4.95%. The effective property tax rate is 2.07%. On a home worth $278,215, that translates to roughly $5,759 per year in property taxes. Sales tax (state + local) averages around 8.82% on everyday purchases.

The typical monthly rent in Oak Lawn is around $1,310. That's close to the $1,348 national median. For comparison, the median home value here is $278,215, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Oak Lawn is valued at $278,215. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $1,407/month for principal and interest alone — before property taxes and insurance. About 83% of residents here own their homes.

Grocery prices in Oak Lawn are noticeably pricier compared to the rest of the US (index: 107, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 84). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Oak Lawn is a smaller city with a population of about 57,098. The median age of residents is 40.3, which is close to the national median. The local poverty rate is 9.19%, near the national average of 12.4%.