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EconPulse

Local economy signal dashboard

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PLACEStable

Oak Lawn, IL

Stable overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score62out of 100
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71
34
65
73
93

Population

56,861

Data freshness

Unknown

GDP / Output

+4.6% YoY

71

$546.4B

Output changed +4.6% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

34

5.8%

Unemployment is 5.8% for June 2026.

Vintage date unknown

State avg5.1%
U.S. avg4.2%

Population

+2.6% 5-year

65

56,861

Population moved +2.6% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

73

19.1%

Median rent consumes 19.1% of median household income: Affordable.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.3K per resident

93

$38.6B

$38.6B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$38.6B

$7.3K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$20.2B
2. Department of Health and Human Services$8.0B
3. Department of Housing and Urban Development$2.3B

Top recipients

Dollars
1. CHICAGO HOUSING AUTHORITY$1.3B
2. NORTHROP GRUMMAN SYSTEMS CORPORATION$1.0B
3. ILLINOIS DEPARTMENT OF TRANSPORTATION$592.1M

Affordable

Housing Affordability

19.1%

of median income

1BR estimate$1,095
2BR estimate$1,442
Median income$83,911
Median home value$281,200

ACS context

Quick Facts

Population

56,861

Median age

40.3

Bachelor's degree+

31.6%

Poverty rate

9.6%

Labor force participation

64.3%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.5%

GDP CAGR

+5.9%

Federal flow

5 years

Population (5 years)
202055,432
202158,032
202257,665
202357,098
202456,861
GDP (5 years)
2020$410.4B
2021$448.6B
2022$490.4B
2023$522.4B
2024$546.4B

2-year linear forecast

Predictive Outlook

Population forecast

202456,861
202557,595 *
202657,787 *

R² = 9.3% · * projected

GDP forecast

2024$546.4B
2025$587.4B *
2026$622.0B *

R² = 99.0% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$83,911/yr
Median rent$1,335/mo
Rent share of income19.1%
Est. mortgage (30yr, 6.5%)$17,063/yr
Mortgage share of income20.3%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate5.8%
State avg5.1%
U.S. avg4.2%
Labor force participation64.3%
Poverty rate9.6%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$281,200
Median monthly rent$1,335
Price-to-rent ratio17.6x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateModerate
Composite score58/100
Economic growth71/100
Labor market34/100
Population momentum65/100
Overall stability62/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Oak Lawn village, Illinois

City/Town

Part of

Chicago-Naperville-Elgin, IL-IN

Nearby locations

Chicago Ridge, ILHometown, ILBurbank, ILWorth, ILEvergreen Park, IL