Cost of Living in Oak lawn, IL
Housing
The housing market plays a significant role in determining the cost of living in Oak lawn, IL.
- Housing Index: 95.0 / 100
- Median Home Price is: $215,000
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1600 per month
Considering a move to Oak lawn, IL? With a housing index of 95.0, it indicates an affordable living compared to the national average. The median home price at 215000 presents a desirable option for potential homeowners. Additionally, renting a 2-bedroom apartment averages 1500, while a 2-bedroom house sits at 1600. It’s worth noting that the rental market’s moderate costs may attract families and young professionals alike. Overall, Oak lawn offers a balanced combination of housing affordability and lifestyle opportunities, making it an attractive option for homebuyers and renters alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Oak lawn, IL.
- Electricity Price: $16.15 USD (median by state)
- Natural Gas Price: $16.59 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Oak lawn, IL could entail higher utility costs. Electricity costs sit at $16.15, while natural gas is priced at $16.59 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Oak lawn is a financially viable option for your relocation.