Living in Oakland, Illinois
Cost of living, income, home prices, rent and demographics of Oakland · Census data 2020–2024
Oakland has 862 residents with a median age of 49.6. The median household income is $50,848 (39% lower than the Illinois median), the median home value is $98,100, the median rent is $506/month.
Oakland is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Oakland at a glance
- Population
- 862
- Median age
- 49.6State: 39
- Median household income
- $50,848State: $83,390
- Median home value
- $98,100State: $263,300
- Median rent
- $506/moState: $1,274
- Homeowners
- 77.7%
- Bachelor's degree or higher
- 16.6%
- Average commute
- 25 min
Is Oakland a good place to live?
Pros: Home values 63% lower than the state median; an average commute of 25 minutes.
Cons: Median household income 39% lower than the Illinois median; unemployment of 6.5%; a poverty rate of 12%.
The weather is best in May and August to October.
Cost of living in Oakland
Housing is the biggest part of the cost of living. In Oakland the median home value is $98,100, 71% lower than the U.S. median. Renters pay a median of $506 per month, which is 30.5% of household income. Homeowners with a mortgage pay $1,088 a month in housing costs.
Oakland median household income
The median household income in Oakland is $50,848 and the income per person is $31,751. 12% of residents live below the poverty line (Illinois: 11.8%).
Housing in Oakland: homes for sale and rent
- Housing units
- 507
- Owner-occupied
- 77.7%
- Renter-occupied
- 22.3%
- Vacant
- 12.6%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 1.95
Oakland demographics
- Population
- 862
- Median age
- 49.6
- Under 18
- 21.6%
- 65 and older
- 25.2%
- Households
- 443
- Foreign-born
- 0.6%
- Veterans
- 9.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Oakland ›
Education in Oakland
16.6% of adults 25 and older in Oakland have a bachelor's degree or higher (Illinois: 37.8%), and 5.6% have a graduate or professional degree.
Jobs and commute in Oakland
- Unemployment rate
- 6.5%State: 5.8%
- Average commute
- 25 minState: 28 min
- Work from home
- 10.4%
- Drive alone
- 73.9%
- Public transit
- 0.6%
- Walk to work
- 2.2%
- Homes with broadband
- 86.2%
Oakland vs nearby towns
More for people moving to Oakland
Oakland ZIP code ›Weather and climate ›Living in Oakland: FAQ
What is the median household income in Oakland, IL?
The median household income in Oakland is $50,848, 39% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Oakland?
The median home value in Oakland is $98,100, compared with $263,300 in Illinois.
How much is rent in Oakland?
The median gross rent in Oakland is $506 per month, about 30.5% of household income.
Is Oakland, IL a good place to live?
Pluses: home values 63% lower than the state median; an average commute of 25 minutes. Minuses: median household income 39% lower than the Illinois median; unemployment of 6.5%; a poverty rate of 12%.
What is the median age in Oakland?
The median age in Oakland is 49.6 years (Illinois: 39).
How long is the commute in Oakland?
The average commute to work in Oakland is 25 minutes; 10.4% of workers work from home.
What is the unemployment rate in Oakland?
The unemployment rate in Oakland is 6.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Oakland?
16.6% of adults in Oakland have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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