Cost Of Living in Oakwood Hills, IL

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C-

10%

Overall NAT. AVG.

7%

Goods & Services NAT. AVG.

23%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Oakwood Hills	Illinois	National
Cost of living	110	96	100
Goods & Services	107	97	100
Groceries	104	98	100
Health care	108	95	100
Housing	123	95	100
Transportation	107	103	100
Utilities	89	89	100

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Cost Of Living Quick Facts

The cost of living in Oakwood Hills is 14% higher than the Illinois average
The cost of living in Oakwood Hills is 10% higher than the national average
Oakwood Hills housing is 23% higher than the national average
Illinois general sales tax is 22% higher than the national average
Illinois state income tax is 91% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$111,616	$9,301	$2,604	$3,349
Renters	$59,583	$4,965	$1,390	$1,788

Illinois Sales Tax

State	General Sales Tax	With Max Surtax
Illinois	6.25%	10.25%

Illinois Income Tax

State	Income Tax (Low)	Income Tax (High)
Illinois	4.95%	4.95%

Goods & Services

Item	Oakwood Hills	National avg.	Difference
Haircut	$33.69	$24.26	38.9%
Beauty Salon	$53.44	$45.56	17.3%
Toothpaste	$3.75	$3.70	1.4%
Shampoo	$1.27	$1.28	1.1%
Movie	$17.91	$12.13	47.6%
Bowling	$24.58	$18.00	36.6%

Groceries

Item	Oakwood Hills	National avg.	Difference
Ground Beef	$5.28	$5.84	9.5%
Fried Chicken	$1.42	$1.57	9.7%
Milk	$4.87	$4.67	4.3%
Potatoes	$4.90	$4.93	0.7%
Pizza	$13.41	$12.09	10.9%
Beer	$10.00	$10.41	4.0%

Health Care

Item	Oakwood Hills	National avg.	Difference
Optometrist	$118.27	$125.68	5.9%
Doctor	$167.67	$135.78	23.5%
Dentist	$128.22	$113.29	13.2%
Ibuprofen	$10.97	$10.65	2.9%
Lipitor	$382.34	$468.60	18.4%

Housing

Item	Oakwood Hills	National avg.	Difference
Home Price	$215,100.00	$184,700.00	16.5%
Avg. Mortgage Payment	$2,578.06	$2,346.69	9.9%
Apartment Rent	$1,303.00	$949.00	37.3%

Transportation

Item	Oakwood Hills	National avg.	Difference
Gasoline	$3.56	$3.46	2.7%
Tire Balancing	$70.87	$59.92	18.3%

Utilities

Item	Oakwood Hills	National avg.	Difference
All Electricity	$148.58	$193.99	23.4%
Phone	$210.03	$192.25	9.3%

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	Population	Cost of Living Index	National Avg.
Round Lake Park, IL	7,744	97	2.8%
McCullom Lake, IL	1,193	93	7.1%
Wonder Lake, IL	3,955	94	6.3%
Round Lake Beach, IL	27,313	102	1.6%
Hebron, IL	1,730	95	5.3%
Oakwood Hills, IL	2,543	110	9.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Westminster, SC	2,543	88	12.3%
Chetwynd, BC	2,543	n/a
North Prairie, WI	2,542	113	12.7%
Huntsville, AR	2,544	86	14.2%
La Selva Beach, CA	2,544	214	113.8%
Oakwood Hills, IL	2,543	110	9.5%