157th most affordable of 199 in Metro Detroit
Cost of Living in Oak Park, MI
A typical home in Oak Park costs about $1,401 a month, 23.5% of the median household income of $71,510. That makes Oak Park the 48th most affordable of 56 places in Oakland County and 157th of 199 across Metro Detroit.
- Median rent a month
- $1,396
- Median home value
- $212,300
- Owner cost with a mortgage
- $1,405
- Of income on housing
- 23.5%
Oak Park against Oakland County and the metro
| Census median | Oak Park | Oakland County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $1,396 | $1,376 | $1,207 |
| Median home value | $212,300 | $343,600 | $249,700 |
| Owner cost with a mortgage (monthly) | $1,405 | $1,998 | $1,720 |
| Median household income (yearly) | $71,510 | $97,760 | $76,664 |
| Share of income on housing | 23.5% | 20.7% | 22.9% |
Ranked 48th most affordable of 56 in Oakland County. See all 56.
Cost of living near Oak Park
The towns around Oak Park, each with its own page.
- Detroit Rent $1,074 · Home $83,900 197th most affordable in the metro
- Southfield Rent $1,340 · Home $236,200 179th most affordable in the metro
- Ferndale Rent $1,311 · Home $247,700 67th most affordable in the metro
- Berkley Rent $1,526 · Home $316,700 28th most affordable in the metro
- Huntington Woods Rent $2,493 · Home $473,900 15th most affordable in the metro
- Pleasant Ridge Rent $1,720 · Home $448,700 2nd most affordable in the metro
- Royal Oak Township Rent $864 · Home $161,200 189th most affordable in the metro
- Lathrup Village Rent $1,483 · Home $310,600 60th most affordable in the metro
Living in Oak Park
- Homes for sale in Oak Park Listings and off-market deals
- Rentals in Oak Park Houses and apartments for rent
- Oak Park neighborhoods Every neighborhood on a map
- Oak Park crime rate From Oak Park's own police reports
- Oak Park cost of living by neighborhood Every neighborhood ranked, updated monthly
- Most expensive neighborhoods in Oak Park The last 12 months
- Least expensive neighborhoods in Oak Park The last 12 months
- Cost of living in Oakland County Every town in the county, ranked
- Most affordable cities in Metro Detroit All six counties, ranked
- Oak Park city guide Pros, homes and city services
Oak Park cost of living questions
5 questions
Is Oak Park, MI expensive to live in?
A typical home in Oak Park takes 23.5% of the median household income, against 22.9% across Metro Detroit, which ranks it 157th most affordable of 199 places.
What is the average rent in Oak Park?
The median gross rent is $1,396 a month, rent plus the utilities the renter pays, 16% above the metro.
How much does a house cost in Oak Park?
Owners put the median home value at $212,300, 15% below the metro. With a mortgage, the median owner pays $1,405 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Oak Park?
Spending no more than 30% of income on housing, the usual rule, a typical Oak Park home at $1,401 a month calls for about $56,000 a year. The median household here earns $71,510.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Oak Park. They are medians, half above and half below, and today's listings and rents can differ.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.