Oak Park, CA

Very High · 259

California · Population 13,656 · Updated March 2026

$3,150
Median Rent / Month
$160,484
Median Income
$1,017,100
Median Home Value
$3,273
Owner Costs / Month

Affordability

How far your income goes in Oak Park

23.6%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in California

State-level tax rates that affect your costs

13.3%
Income Tax (Top Rate)
7.25%
Sales Tax
0.71%
Property Tax Rate

Estimated Annual Costs

$37,800
Annual Rent
$21,344
State Income Tax
$7,221
Property Tax (est.)

Cost of Living Overview

Oak Park has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 259 (where 100 equals the national median), Oak Park residents can expect to pay median rent of $3,150/month while earning a median household income of $160,484/year.

The median home value in Oak Park, CA is $1,017,100, with typical monthly owner costs around $3,273 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.6% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

California's top income tax rate of 13.3% is among the highest in the nation, adding to the overall cost burden. Combined with a 7.25% sales tax rate and 0.71% effective property tax rate, the overall tax environment is a factor in the total cost of living in Oak Park.

Frequently Asked Questions

Common questions about living costs in Oak Park

What is the cost of living in Oak Park, CA?
The cost of living index in Oak Park, CA is 259 (US average = 100). Median monthly rent is $3,150, median household income is $160,484/year, and the median home value is $1,017,100.
Is Oak Park, CA affordable?
No, Oak Park is more expensive than the national average with a cost index of 259. The rent-to-income ratio is 23.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Oak Park, CA?
The median gross rent in Oak Park, CA is $3,150 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $37,800.
What is the median household income in Oak Park?
The median household income in Oak Park, CA is $160,484 per year. This compares to the national median of approximately $80,000.
What are the taxes like in California?
California has a top income tax rate of 13.3%, a sales tax of 7.25%, and an effective property tax rate of 0.71%.