Cost of Living in Oak Brook, IL

Population 8,028 · Illinois · Data vintage 2023

260
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Oak Brook's housing market reflects its status as a high-earning metro: $868,000 for a typical home, 185% above the US median, paired with household incomes around $171,123 that put it in the upper third of the state. At 9.7%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Geographically, Oak Brook sits roughly 12 miles northeast of Naperville. Median home values run roughly 70% higher than Naperville's $510,000.

Cost Overview

Housing 285
Rent 222

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Oak Brook

The median home value in Oak Brook is $867,900 — 185% above the national median of $305,000. Median rent runs $2,921/month, 122% higher than the national median of $1,314/month. The median household income of $171,123/year is 129% higher than the US median of $74,580. The local unemployment rate is 9.7%, above 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, Oak Brook has a cost of living index of 260 versus the US average of 100, meaning it is 160% more expensive.

🏠 Housing

Median Home Value
$867,900
185% above avg
Zillow Home Value
$932,074
Zillow ZHVI
Median Rent
$2,921/mo
122% above avg
Price-to-Rent Ratio
24.8x
Favors renting
Property Tax Rate
2.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$651
1 BR
$741
2 BR
$899
3 BR
$1,196
4 BR
$1,364
Owner-occupied 93.7%
Renter-occupied 6.3%

💰 Estimated Monthly Budget

Rent median rent
$2,921
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $3,535/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
32.3 min
20% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
16.6%

Commute Mode

Drove alone
73.5%
Carpooled
5.7%
Public transit
3.0%
Walked
1.2%
Work from home
16.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 5.0%
Total Sales Tax 8.7%
State rate 6.3%
Avg local rate 2.5%
Property Tax 2.2%

💼 Income & Employment

Median Household Income
$171,123
129% above avg
Per Capita Income
$95,915
Unemployment Rate
9.7%
101% above avg
Poverty Rate
7.3%
Labor Force Participation
50.4%

🎓 Education

Bachelor's degree+ 32.3%
Graduate degree 34.8%

👥 Demographics

Median Age 51.7
Male median age 54.5
Female median age 48.2

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 53 — Moderate
40%
Good air days/yr
234
Max AQI recorded
264
PM2.5 days
101
Ozone days

Frequently Asked Questions

What is the cost of living in Oak Brook, IL?

Oak Brook has a cost index of 260 (100 = national average). It is 160% above the national average.

What is average rent in Oak Brook, IL?

The median gross rent in Oak Brook is $2,921 per month based on 2023 Census data.

What is the average home price in Oak Brook?

The median home value in Oak Brook is $867,900 according to Zillow and Census data.

What is the median income in Oak Brook?

The median household income in Oak Brook is $171,123 per year (2023 ACS 5-year estimates).

What is the sales tax in Oak Brook, IL?

The combined state and local sales tax rate in Oak Brook is 8.7%. The Illinois state income tax top rate is 5.0%.

Is Oak Brook, IL affordable?

Oak Brook is above average in cost of living, with an index of 260 — about 160% higher than the national average.

Oak Brook at a Glance

Population
8,028
Median Income
$171,123
Home Value
$867,900
Median Rent
$2,921/mo
Unemployment
9.7%
Sales Tax
8.7%
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🗺️ County data for Illinois

Explore county-level cost of living data

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