Cost of Living in Oakland, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
74.4
100 = national avg
-25.6 vs national average
Living Wage (1 Adult)
$32,743
per year
Living Wage (Family of 4)
$77,392
per year
Cost Index by Category
Housing60.0
Food87.9
Transportation75.8
Healthcare90.3
Utilities84.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$759
per month
2 Bedroom
$965
per month
The overall cost of living index in Oakland is 74.4, which is 25.6% below the national average. Housing costs are below the national average at an index of 60.0. A single adult needs to earn approximately $32,743 per year to cover basic expenses.