Cost of Living in Oakwood, IL

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14%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
45%
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 Illinois National
Cost of living8698100
Groceries98100100
Health care98100100
Housing5595100
Transportation99101100
Utilities9799100
Lifestyle & Entertainment103100100
Household Items102100100
Education & Childcare100100100
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Homes For Sale In Oakwood, IL

property for sale

402 Northend Rd

Oakwood, IL
property for sale

9032 US Route 150

Oakwood, IL
property for sale

20988 Newtown Rd

Oakwood, IL
property for sale

221 Celebration Ct

Oakwood, IL

Cost Of Living Quick Facts

  • The cost of living in Oakwood is 13% lower than the Illinois average
  • The cost of living in Oakwood is 14% lower than the national average
  • Oakwood housing is 45% lower 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

Most Affordable Places to Live in and Around Oakwood

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      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$82,252$6,854$1,919$2,468
      Renters$31,407$2,617$733$942

      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.
      Alvan, IL3158218.1%
      Indianola, IL2118217.7%
      Sidell, IL5088317.3%
      Henning, IL2668317.2%
      Belgium, IL3958316.7%
      Oakwood, IL1,5618614.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Montague, CA1,5611011.4%
      Wathena, KS1,5618613.8%
      Southside Place, TX1,561270170.3%
      West Baraboo, WI1,561963.7%
      Sainte-Clotilde-de-Horton, QC1,561n/a 
      Oakwood, IL1,5618614.0%
      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.
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