Elwood, IL vs Oak Run, IL

Elwood is moderately more affordable than Oak Run, with a 12.8% lower cost of living index. Elwood scores 84 compared to 97 for Oak Run, where the US average is 100. This difference means residents of Oak Run can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Elwood are $224,900 compared to $280,600 in Oak Run, a 20% gap.

Median household income in Elwood is $73,640 compared to $120,972 in Oak Run (-39.1%). While Oak Run is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

Climate-wise, Oak Run is notably warmer with an average of 52.7°F compared to 49.4°F in Elwood. Oak Run receives more rainfall at 37.6" per year compared to 33.8" in Elwood.