Salary & Cost of Living in Oak Lawn, IL
Oak Lawn, IL: $50,588 median salary, cost of living index 98.2, $14.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$50,588
$24/hr
Cost of Living
98.2
US avg = 100
Minimum Wage
$14.00
per hour
Unemployment
5.2%
rate
Oak Lawn, IL Overview
Population
55,245
Median Salary
$50,588
Average Salary
$56,659
Avg Commute
18 min
Median Home Price
$277,000
Median Rent
$1,136/mo
Job Growth
+1%
Sales Tax
6.25%
Oak Lawn is located in Illinois with a population of 55,245. The median household salary is $50,588 per year ($24/hour), which is $8,796 below the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +1%.
Oak Lawn Salary by Experience Level (2026)
Wage distribution in Oak Lawn, IL based on BLS percentile breakdown of the $50,588 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $31,365 | $15.08/hr | 0–2 years |
| Mid-Level (Median) | $50,588 | $24.32/hr | 3–7 years |
| Senior-Level | $71,835 | $34.53/hr | 8–15 years |
| Top 10% (90th Percentile) | $90,047 | $43.29/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Oak Lawn Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Oak Lawn, IL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$40,182
$3,348.49/month · $1,545.46/biweekly · Effective Rate: 20.6%
Gross Pay
$50,588
Federal Tax
-$4,032
State Tax
-$2,504
Local Tax
$0
FICA
-$3,870
Net Pay
$40,182
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,215.67 | $50,588.00 |
| Federal Income Tax | -$336.01 | -$4,032.06 |
| Illinois State Tax (4.95%) | -$208.68 | -$2,504.11 |
| Social Security (6.2%) | -$261.37 | -$3,136.46 |
| Medicare (1.45%) | -$61.13 | -$733.53 |
| Net Take-Home Pay | $3,348.49 | $40,181.85 |
Salary Comparison: Oak Lawn vs Other Cities
See how Oak Lawn's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Oak Lawn, IL | $50,588 | 98.2 | $51,515 |
| National Average | $59,384 | 100 | $59,384 |
| Bedford, TX | $50,577 | 93.3 | $54,209 |
| State College, PA | $50,565 | 88.1 | $57,395 |
| Wheeling, IL | $50,560 | 92.3 | $54,778 |
| Baytown, TX | $50,554 | 96.6 | $52,333 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Oak Lawn
Oak Lawn's cost of living index is 98.2 (national average = 100). Living in Oak Lawn is 1.7999999999999972% less expensive than the national average.
Median Home Price
$277,000
Median Monthly Rent
$1,136
Annual Rent Cost
$13,632
Your Salary's Purchasing Power
Your $40,182 annual take-home pay in Oak Lawn has the purchasing power of approximately $40,918 in an average-cost US area. Your $50,588 salary stretches further here than in most US cities.
Top Industries in Oak Lawn
Oak Lawn's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $50,588.
Salary Tips for Oak Lawn Workers
- Research top industries. Oak Lawn's top industries include Finance, Manufacturing, Technology. Targeting roles in these sectors can help you earn above the $50,588 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Oak Lawn, IL?
The median salary in Oak Lawn, IL is $50,588 per year, or $24 per hour. The average salary is $56,659. This is $8,796 below the national median of $59,384.
What is the cost of living in Oak Lawn, IL?
Oak Lawn's cost of living index is 98.2 (national average = 100), meaning it is 1.7999999999999972% less expensive compared to the national average. The median home price is $277,000 and the median monthly rent is $1,136.
What are the best industries in Oak Lawn?
The top industries in Oak Lawn, IL include Finance, Manufacturing, Technology. The city has a job growth rate of 1% and an unemployment rate of 5.2%. Workers in these industries often earn above the city's median salary of $50,588.
How does Oak Lawn's salary compare to other cities?
Oak Lawn's median salary of $50,588 is 14.8% below the national median of $59,384. However, when adjusted for cost of living (index: 98.2), the real purchasing power is approximately $51,515.
What is the minimum wage in Oak Lawn, IL?
The minimum wage in Oak Lawn, IL is $14.00 per hour. This equals approximately $29,120 per year for a full-time worker (40 hours/week). This is $6.75 above the federal minimum wage of $7.25/hour.