Oakwood, IL vs Oglesby, IL

Oakwood, IL and Oglesby, IL have a very similar cost of living, with only a 4.5% difference in their overall index. Oakwood scores 66 while Oglesby scores 69 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 Oakwood is $795/month compared to $810/month in Oglesby — a 2% difference. Home values follow the same pattern: Oakwood is more affordable at $98,300 median vs $130,900.

Median household income in Oakwood is $43,894 compared to $71,618 in Oglesby (-38.7%). While Oglesby is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Oakwood spend roughly 21.7% of their income on rent, more than the 13.6% in Oglesby.

Climate-wise, Oakwood is notably warmer with an average of 52.3°F compared to 47.8°F in Oglesby. Oakwood receives more rainfall at 40.4" per year compared to 37.4" in Oglesby.