Cost of Living in Green Oaks, IL
Population 4,085 · Illinois · Data vintage 2023
(100 = US avg)
Home prices in Green Oaks run well above the national baseline, with a median of $654,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $133,472 place the city among the better-paid Illinois metros. The labor market has been unusually tight, with unemployment around 2.2% — below most comparable cities in the state.
Geographically, Green Oaks is about 30 miles northeast of Elgin, the nearest large metro. Median home values run roughly 159% higher than Elgin's $252,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Green Oaks
The median home value in Green Oaks is $653,500 — 114% above the national median of $305,000. Median rent runs $1,300/month, 1% lower than the national median of $1,314/month. The median household income of $133,472/year is 79% higher than the US median of $74,580. The local unemployment rate is 2.2%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Green Oaks has a cost of living index of 168 versus the US average of 100, meaning it is 68% more expensive.
Green Oaks has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Green Oaks, IL?
Green Oaks has a cost index of 168 (100 = national average). It is 68% above the national average.
What is average rent in Green Oaks, IL?
The median gross rent in Green Oaks is $1,300 per month based on 2023 Census data.
What is the average home price in Green Oaks?
The median home value in Green Oaks is $653,500 according to 2023 Census ACS data.
What is the median income in Green Oaks?
The median household income in Green Oaks is $133,472 per year (2023 ACS 5-year estimates).
What is the sales tax in Green Oaks, IL?
The combined state and local sales tax rate in Green Oaks is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Green Oaks, IL affordable?
Green Oaks is above average in cost of living, with an index of 168 — about 68% higher than the national average.
Green Oaks at a Glance
- Population
- 4,085
- Median Income
- $133,472
- Home Value
- $653,500
- Median Rent
- $1,300/mo
- Unemployment
- 2.2%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
Similar Cost Cities
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