Oak Lawn, IL vs Peoria, IL

The cost of living difference between Oak Lawn, IL and Peoria, IL is dramatic. Peoria is 35.1% cheaper than Oak Lawn, a gap that translates to thousands of dollars per year in household expenses. Oak Lawn has a cost index of 98 while Peoria sits at 72, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Oak Lawn is $1,310/month compared to $951/month in Peoria — a 38% difference. Home values follow the same pattern: Peoria is more affordable at $149,500 median vs $267,900.

Median household income in Oak Lawn is $82,493 compared to $58,716 in Peoria (+40.5%). While Oak Lawn is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Oak Lawn spend roughly 19.1% of their income on rent, less than the 19.4% in Peoria.

Climate-wise, both cities share similar average temperatures (52.1°F vs 52.7°F). Peoria receives more rainfall at 37.6" per year compared to 34.4" in Oak Lawn.