Montgomery, IL vs Oak Park, IL

Montgomery, IL and Oak Park, IL have a very similar cost of living, with only a 1.6% difference in their overall index. Montgomery scores 116 while Oak Park scores 117 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Montgomery is $1,897/month compared to $1,456/month in Oak Park — a 30% difference. Interestingly, home values tell a different story: while Oak Park has cheaper rent, Montgomery actually has lower median home values ($270,700 vs $456,300).

Median household income in Montgomery is $96,985 compared to $108,026 in Oak Park (-10.2%). While Oak Park is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Montgomery spend roughly 23.5% of their income on rent, more than the 16.2% in Oak Park.

Climate-wise, both cities share similar average temperatures (49.4°F vs 52.1°F). Oak Park receives more rainfall at 34.4" per year compared to 33.8" in Montgomery.