Oak Brook cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexOak BrookIllinoisNational
Cost of living index18899100
IndexOak BrookIllinoisNational
Goods & Services index10698100
Groceries index10899100
Health care index100101100
Housing index37999100
Transportation index11297100
Utilities index104101100
A general summary of the cost of living index in Oak Brook, IL is shown above. Compared to the state average of Illinois the cost of living index in Oak Brook, IL is 188, which is 90% higher than the average in Illinois and compared to the national average it is 88% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Oak Brook, IL goods and services come in at 8% higher than the average in Illinois and are 6% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Oak Brook is 90% higher than the Illinois average.
  • The cost of living in Oak Brook is 88% higher than the national average.
  • The cost of housing in Oak Brook is 279% higher than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Compare Oak Brook, IL Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Oak Brook, IL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Oak Brook, IL, you have to earn a higher income in order to still have the same standard of living. To operate the Oak Brook, IL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$149,808$12,484$3,495$4,495
Renters$82,130$6,844$1,916$2,464
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Oak Brook, IL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Oak Brook, IL homeowners have a median income of $149,808. Using that number, you will come up with a maximum of $3,495 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $82,130, which means there is a maximum of $1,916 to be spent on the costs of renting a home or apartment.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%9.75%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%
When assessing the complete cost of living in Oak Brook, IL, the Illinois income tax and the Illinois sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Illinois maximum surtax is 9.75%, and the Illinois sales tax is 6.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3.75% to 3.75% in Illinois.

Goods & Services

ItemOak BrookNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $45.00$34.6829.8%
Toothpaste $2.34$2.475.4%
Shampoo $0.99$1.023.1%
Movie $13.75$9.8739.3%
Bowling $5.00$4.3913.9%

Groceries

ItemOak BrookNational avg.Difference
Ground Beef $5.37$4.4820.0%
Fried Chicken $1.42$1.463.0%
Milk $1.74$2.3626.2%
Potatoes $2.50$3.0618.3%
Pizza $10.99$9.2418.9%
Beer $14.25$8.6365.1%

Health Care

ItemOak BrookNational avg.Difference
Optometrist $95.00$99.784.8%
Doctor $100.00$105.034.8%
Dentist $100.00$88.7012.7%
Ibuprofen $9.24$9.411.8%
Lipitor $262.00$298.5012.2%

Housing

ItemOak BrookNational avg.Difference
Home Price $795,500.00$175,700.00352.8%
Avg. Mortgage Payment $1,500.61$1,081.0338.8%
Apartment Rent $1,907.00$920.00107.3%

Transportation

ItemOak BrookNational avg.Difference
Gasoline $2.29$2.099.5%
Tire Balancing $53.31$45.2917.7%

Utilities

ItemOak BrookNational avg.Difference
All Electricity$173.99$170.801.9%
Phone $30.05$28.266.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Dixmoor, IL3,63587-13%
Hodgkins, IL2,18588-12%
Robbins, IL5,22191-9%
Hometown, IL4,35893-7%
Blue Island, IL23,45397-3%
Oak Brook, IL7,96718888%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Jefferson, WI7,96895-5%
Ilion, NY7,96893-7%
Williamsburg, FL7,9731011%
Independent Hill, VA7,97314141%
Hailey, ID7,9611066%
Oak Brook, IL7,96718888%
Source: The Oak Brook, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.