Cost of Living in Oak Lawn, IL
Population: 57,098 • 2026 Data
$82,493
Median Household Income
+7% vs national
$1,310
Median Monthly Rent
-3% vs national
$267,900
Median Home Value
-21% vs national
5.1%
Unemployment Rate
Housing in Oak Lawn
The median home value in Oak Lawn, IL is $267,900. Monthly rent for a typical unit averages $1,310, while total monthly housing costs (including utilities and insurance) average $1,370.
Rent-to-income ratio: 19.1%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Oak Lawn, IL is $82,493. The unemployment rate stands at 5.1%, with a labor force of 28,502 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.