Cost of Living and Housing in Oak Park, Michigan

Oak Park has about 29,318 residents. Median gross rent is $1,396 per month and median household income is $71,510.

Comparison scope: “dataset median” below means the median among 1,211 cities across 10 states in this dataset. It is not presented as a nationwide Census median. The figures use 2020-2024 ACS 5-Year estimates and may lag current listings.

Median Gross Rent $1,396/mo 16% below the dataset median

Median Home Value $212,300 43% below the dataset median

Median Household Income $71,510 15% below the dataset median

Owner-Occupied Homes 63% Share of occupied housing units

Rent-to-Income Baseline 23% Annual median rent ÷ household income

Home Value-to-Income 3.0x Median value ÷ household income

How Oak Park compares

Rent is 16% below the dataset median, while household income is 15% below the dataset median. Within Michigan, Oak Park ranks #51 from lowest to highest rent and #25 from highest to lowest household income among 59 cities in this dataset.

The rent-to-income figure compares two citywide medians. It is useful for broad comparison, but it is not an individual household budget or a measure of renter cost burden.

Similar-size cities in Michigan

Frequently asked questions

What is the median rent in Oak Park?

Median gross rent is $1,396 per month in the 2020-2024 ACS 5-Year estimates.

What is the median home value in Oak Park?

The median value of owner-occupied homes is $212,300 in the 2020-2024 ACS 5-Year estimates.

What is the median household income?

Median household income in Oak Park is $71,510 per year.

Source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database refreshed 2026-07-11.