Living in Oakwood Hills, Illinois
Cost of living, income, home prices, rent and demographics of Oakwood Hills · Census data 2020–2024
Oakwood Hills has 2,416 residents with a median age of 40.2. The median household income is $109,907 (32% higher than the Illinois median), the median home value is $282,300, the median rent is $1,886/month.
Oakwood Hills at a glance
- Population
- 2,416
- Median age
- 40.2State: 39
- Median household income
- $109,907State: $83,390
- Median home value
- $282,300State: $263,300
- Median rent
- $1,886/moState: $1,274
- Homeowners
- 91.5%
- Bachelor's degree or higher
- 37.6%
- Average commute
- 32 min
Is Oakwood Hills a good place to live?
Pros: Median household income 32% higher than the Illinois median; unemployment of 4.4%; a poverty rate of 2.9%.
Cons: Home values 7% higher than the state median; an average commute of 32 minutes.
The weather is best in June to September.
Cost of living in Oakwood Hills
Housing is the biggest part of the cost of living. In Oakwood Hills the median home value is $282,300, 15% lower than the U.S. median. Renters pay a median of $1,886 per month, which is 30% of household income. Homeowners with a mortgage pay $1,984 a month in housing costs.
Oakwood Hills median household income
The median household income in Oakwood Hills is $109,907 and the income per person is $52,695. 2.9% of residents live below the poverty line (Illinois: 11.8%).
Housing in Oakwood Hills: homes for sale and rent
- Housing units
- 947
- Owner-occupied
- 91.5%
- Renter-occupied
- 8.5%
- Vacant
- 1.2%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 2.58
Oakwood Hills demographics
- Population
- 2,416
- Median age
- 40.2
- Under 18
- 16.6%
- 65 and older
- 15.2%
- Households
- 936
- Foreign-born
- 14.1%
- Veterans
- 5.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Oakwood Hills ›
Education in Oakwood Hills
37.6% of adults 25 and older in Oakwood Hills have a bachelor's degree or higher (Illinois: 37.8%), and 12.8% have a graduate or professional degree.
Jobs and commute in Oakwood Hills
- Unemployment rate
- 4.4%State: 5.8%
- Average commute
- 32 minState: 28 min
- Work from home
- 16.1%
- Drive alone
- 76.7%
- Public transit
- 1.2%
- Walk to work
- 0.2%
- Homes with broadband
- 98%
Oakwood Hills vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Oakwood Hills | 2,416 | $109,907 | $282,300 | $1,886 |
| Port Barrington | 1,477 | $149,886 | $379,600 | $1,900 |
| Prairie Grove | 2,165 | $141,389 | $467,600 | $1,917 |
| Cary | 17,923 | $113,026 | $309,800 | $1,428 |
| Island Lake | 8,014 | $103,156 | $262,500 | $1,874 |
| Holiday Hills | 634 | $74,083 | $220,600 | $1,850 |
| Trout Valley | 574 | $217,292 | $446,200 | — |
| Fox River Grove | 4,523 | $121,506 | $298,900 | $2,210 |
| Lake Barrington | 5,442 | $141,958 | $475,700 | $3,501 |
More for people moving to Oakwood Hills
Oakwood Hills ZIP code ›Weather and climate ›Living in Oakwood Hills: FAQ
What is the median household income in Oakwood Hills, IL?
The median household income in Oakwood Hills is $109,907, 32% higher 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 Oakwood Hills?
The median home value in Oakwood Hills is $282,300, compared with $263,300 in Illinois.
How much is rent in Oakwood Hills?
The median gross rent in Oakwood Hills is $1,886 per month, about 30% of household income.
Is Oakwood Hills, IL a good place to live?
Pluses: median household income 32% higher than the Illinois median; unemployment of 4.4%; a poverty rate of 2.9%. Minuses: home values 7% higher than the state median; an average commute of 32 minutes.
What is the median age in Oakwood Hills?
The median age in Oakwood Hills is 40.2 years (Illinois: 39).
How long is the commute in Oakwood Hills?
The average commute to work in Oakwood Hills is 32 minutes; 16.1% of workers work from home.
What is the unemployment rate in Oakwood Hills?
The unemployment rate in Oakwood Hills is 4.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Oakwood Hills?
37.6% of adults in Oakwood Hills 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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