Cost of Living in Oakwood, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
75.8
100 = national avg
-24.2 vs national average
Living Wage (1 Adult)
$33,345
per year
Living Wage (Family of 4)
$78,816
per year
Cost Index by Category
Housing74.1
Food83.5
Transportation67.1
Healthcare86.8
Utilities85.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$742
per month
2 Bedroom
$974
per month
The overall cost of living index in Oakwood is 75.8, which is 24.2% below the national average. Housing costs are below the national average at an index of 74.1. A single adult needs to earn approximately $33,345 per year to cover basic expenses.