Cost of Living in Oswego, IL
Population 35,463 · Illinois · Data vintage 2023
(100 = US avg)
The Oswego cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $319,000, rents near $1,823 a month. An unemployment rate of 2.7% points to a labor market well on the tight side of the national distribution.
Oswego sits roughly 6 miles southwest of Aurora — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 23% higher than Aurora's $260,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Oswego
The median home value in Oswego is $319,000 — 5% above the national median of $305,000. Median rent runs $1,823/month, 39% higher than the national median of $1,314/month. The median household income of $119,881/year is 61% higher than the US median of $74,580. The local unemployment rate is 2.7%, 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, Oswego has a cost of living index of 118 versus the US average of 100, meaning it is 18% more expensive.
🏠 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
Frequently Asked Questions
What is the cost of living in Oswego, IL?
Oswego has a cost index of 118 (100 = national average). It is 18% above the national average.
What is average rent in Oswego, IL?
The median gross rent in Oswego is $1,823 per month based on 2023 Census data.
What is the average home price in Oswego?
The median home value in Oswego is $319,000 according to Zillow and Census data.
What is the median income in Oswego?
The median household income in Oswego is $119,881 per year (2023 ACS 5-year estimates).
What is the sales tax in Oswego, IL?
The combined state and local sales tax rate in Oswego is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Oswego, IL affordable?
Oswego is above average in cost of living, with an index of 118 — about 18% higher than the national average.
Oswego at a Glance
- Population
- 35,463
- Median Income
- $119,881
- Home Value
- $319,000
- Median Rent
- $1,823/mo
- Unemployment
- 2.7%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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