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Last Updated: 08/20/2022


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All About

Living In Oakbrook Terrace, IL

The small town of Oakbrook Terrace, Illinois is home to slightly more than 2,000 people. Retirees make up a greater percentage of the population (25%) here than nationally (14%), while young adults are less well-represented. Overall, the town's population, with an average age of just over 46, skews decidedly older than most cities in Illinois. Renters tend to be in the minority in the town, and 75% of residents own their homes. Relatively high rent costs could be a factor, as the average rent of $1,596/month is substantially higher than the state average of $1,052.

Oakbrook Terrace residents have an average commute of about 28 minutes. Driving a car or truck is the typical means of commuting to work, opted for by 41% of commuters, while public transit isn't widely used. Walking isn't a common method of commuting to work.

Many Oakbrook Terrace residents work in one of five industries: healthcare, manufacturing, retail, entertainment, and education. Together, these industries make up 28% of the labor force in the town. Meanwhile, looking at job function, many workers in these industries are in management, as 7% of the town's population reports this as their field of work, the highest number of any profession. Oakbrook Terrace workers bring in an average annual income of about $84,000, around $7,000 more than the average Illinois resident. The town's average income also compares favorably to the national average ($73,345). Compared to the national average (7%), Oakbrook Terrace has a large number of residents over the age of 25 with advanced degrees, as 10% have earned a Master's degree or a Doctoral degree. Furthermore, 22% have a Bachelor's degree, which also outpaces the national average.

Frequently Asked Questions About Oakbrook Terrace

What is the average rent in Oakbrook Terrace?

The average rent of a studio apartment in Oakbrook Terrace is $1,400 per month. For a one-bedroom apartment it's $1,900 per month. For a two-bedroom apartment the average rent is $2,175 per month.

What is the average cost of rent for a one-bedroom in Oakbrook Terrace?

The average rent of a one-bedroom apartment in Oakbrook Terrace is $1,900

Are there any cheap apartments for rent in Oakbrook Terrace?

For the best deal, we recommend using our cheap apartments filter.

You can also filter by price: Under $900, Under $1000, Under $1100, Under $1200, Under $2000

Are there any pet friendly apartments in Oakbrook Terrace?

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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