Oakbrook Terrace, IL Profile: Facts & Data

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Oakbrook Terrace, Illinois - Basic Facts

The City of Oakbrook Terrace had a population of 2,380 as of July 1, 2020. Oakbrook Terrace ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.

The primary coordinate point for Oakbrook Terrace is located at latitude 41.85 and longitude -87.9645 in DuPage County. The formal boundaries for the City of Oakbrook Terrace encompass a land area of 1.25 sq. miles and a water area of 0.03 sq. miles. DuPage County is in the Central time zone (GMT -6). The elevation is 686 feet.

The City of Oakbrook Terrace (GNIS ID: 2395286) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Oakbrook Terrace is located within Township of York, a minor civil division (MCD) of DuPage County.


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Oakbrook Terrace, IL Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 2,380 (100%)
Population in Households 2,255 (94.7%)
Population in Families 1,549 (65.1%)
Population in Group Quarters1 125 ( 5.3%)
Population Density 1,879
Diversity Index2 59
 
 

INCOME

Median Household Income $74,110
Average Household Income $104,589
% of Income for Mortgage4 17%
Per Capita Income $48,204
Wealth Index5 120
 

HOUSING

Total HU (Housing Units) 1,336 (100%)
Owner Occupied HU 718 (53.7%)
Renter Occupied HU 528 (39.5%)
Vacant Housing Units 90 ( 6.7%)
Median Home Value $305,449
Average Home Value $337,969
Housing Affordability Index3 148
 

HOUSEHOLDS

Total Households 1,246
Average Household Size 1.81
Family Households 599
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 1.07% 1.7%
Households 1.25% 1.9%
Families 1.54% 1.62%
Median Household Income   1.47%
Per Capita Income   2.36%
Owner Occupied HU   0.0%

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Oakbrook Terrace, IL - Peer Comparisons by Rank and Percentile

The table below compares Oakbrook Terrace to the other 1,369 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 470 66th
Population Density # 306 78th
Median Household Income # 310 77th
Housing Affordability Index # 214 16th
Per Capita Income # 92 93rd
Diversity Index # 134 90th

Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.

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