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Oakland, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
862
Population
$50,848
Median Income
$98,100
Home Value
49.6
Median Age

Demographics

Oakland has a population of 862 with a median age of 49.6. Here is the racial and ethnic breakdown of the population:

White
96.8%
Other
1.9%
Black
1.0%
Demographic Value
Total Population862
Median Age49.6
White96.8%
Black or African American1.0%
Hispanic or Latino0.3%
Other / Two or More Races1.9%
Oakland, Illinois — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 96.8%Other: 3.2%862PopulationWhiteWhite96.8%OtherOther3.2%

Income & Economy

The median household income in Oakland is $50,848, which is 36.9% below the national median of $80,610. The per capita income is $31,751. The poverty rate is 12.0%.

$50,848
Median Household Income
$31,751
Per Capita Income
12.0%
Poverty Rate

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Education

In Oakland, 95.6% of residents age 25+ have a high school diploma or higher, and 16.6% hold a bachelor's degree or higher (5.6% with a graduate or professional degree).

HS Diploma+
95.6%
Bachelor's+
16.6%
Graduate+
5.6%
Education Level % of Adults (25+)
High School Diploma or Higher95.6%
Bachelor's Degree or Higher16.6%
Graduate or Professional Degree5.6%

Housing

The median home value in Oakland is $98,100, below the national median of $303,400. The median monthly rent is $506. The homeownership rate is 77.7%.

$98,100
Median Home Value
$506/mo
Median Rent
77.7%
Homeownership Rate
Housing Metric Value
Median Home Value$98,100
Median Monthly Rent$506
Homeownership Rate77.7%
Vacancy Rate12.6%

Salaries in Illinois

Explore salary data for popular occupations in Illinois:

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Other Cities in Illinois

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Frequently Asked Questions

What is the population of Oakland, Illinois?
The population of Oakland, Illinois is 862 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Oakland, Illinois?
The median household income in Oakland, Illinois is $50,848. This is 36.9% below the national median of $80,610.
What is the median home value in Oakland, Illinois?
The median home value in Oakland, Illinois is $98,100. The median monthly rent is $506.
What percentage of people in Oakland have a college degree?
In Oakland, Illinois, 16.6% of adults age 25 and older hold a bachelor's degree or higher, and 95.6% have a high school diploma or higher.
Is Oakland, Illinois an affordable place to live?
The home price-to-income ratio in Oakland, Illinois is 1.9x (median home value $98,100 vs. median income $50,848), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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