Cost Of Living in Oakwood Hills, IL

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B

8%

Overall NAT. AVG.

1%

Groceries NAT. AVG.

26%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Oakwood Hills	Illinois	National
Cost of living	108	98	100
Groceries	101	100	100
Health care	101	100	100
Housing	126	95	100
Transportation	100	101	100
Utilities	99	99	100
Lifestyle & Entertainment	99	100	100
Household Items	102	100	100
Education & Childcare	100	100	100

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Homes For Sale In Oakwood Hills, IL

7 Hickory Rd

Oakwood Hills, IL

Cost Of Living Quick Facts

The cost of living in Oakwood Hills is 10% higher than the Illinois average
The cost of living in Oakwood Hills is 8% higher than the national average
Oakwood Hills housing is 26% 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
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$169,241	$14,103	$3,949	$5,078
Renters	$88,701	$7,392	$2,070	$2,661

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%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Round Lake Park, IL	8,005	95	5.3%
McCullom Lake, IL	1,222	97	2.5%
Round Lake Beach, IL	28,313	98	1.7%
Wonder Lake, IL	4,084	99	0.6%
Hebron, IL	1,775	100	0.2%
Oakwood Hills, IL	2,634	108	8.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Lake City, AR	2,634	85	14.8%
Mount Vernon, GA	2,634	87	12.5%
Potosi, MO	2,634	84	16.2%
Oliver, PA	2,633	83	17.0%
West Newton, PA	2,633	86	14.1%
Oakwood Hills, IL	2,634	108	8.2%