Living in Oaktown, Indiana
Cost of living, income, home prices, rent and demographics of Oaktown · Census data 2020–2024
Oaktown has 860 residents with a median age of 48.7. The median household income is $38,333 (47% lower than the Indiana median), the median home value is $65,200, the median rent is $697/month.
Oaktown is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Oaktown at a glance
- Population
- 860
- Median age
- 48.7State: 38.1
- Median household income
- $38,333State: $71,957
- Median home value
- $65,200State: $218,200
- Median rent
- $697/moState: $1,062
- Homeowners
- 59.3%
- Bachelor's degree or higher
- 4.6%
- Average commute
- 22 min
Is Oaktown a good place to live?
Pros: Home values 70% lower than the state median; an average commute of 22 minutes; unemployment of 1.7%; a poverty rate of 3.6%.
Cons: Median household income 47% lower than the Indiana median.
The weather is best in May–June and August–September.
Cost of living in Oaktown
Housing is the biggest part of the cost of living. In Oaktown the median home value is $65,200, 80% lower than the U.S. median. Renters pay a median of $697 per month, which is 31.5% of household income. Homeowners with a mortgage pay $1,039 a month in housing costs.
Oaktown median household income
The median household income in Oaktown is $38,333 and the income per person is $24,809. 3.6% of residents live below the poverty line (Indiana: 12.3%).
Housing in Oaktown: homes for sale and rent
- Housing units
- 413
- Owner-occupied
- 59.3%
- Renter-occupied
- 40.7%
- Vacant
- 6.1%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.12
Oaktown demographics
- Population
- 860
- Median age
- 48.7
- Under 18
- 16.5%
- 65 and older
- 23%
- Households
- 388
- Foreign-born
- 0%
- Veterans
- 8.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Oaktown ›
Education in Oaktown
4.6% of adults 25 and older in Oaktown have a bachelor's degree or higher (Indiana: 29.5%), and 1.4% have a graduate or professional degree.
Jobs and commute in Oaktown
- Unemployment rate
- 1.7%State: 4.3%
- Average commute
- 22 minState: 24 min
- Work from home
- 1.7%
- Drive alone
- 93.5%
- Public transit
- 0%
- Walk to work
- 1.1%
- Homes with broadband
- 86.6%
Oaktown vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Oaktown | 860 | $38,333 | $65,200 | $697 |
| Carlisle | 726 | $45,750 | $73,000 | $825 |
| Freelandville | 807 | $70,236 | $92,000 | — |
| Bruceville | 446 | $55,000 | $92,700 | $675 |
| Bicknell | 3,017 | $52,188 | $66,300 | $844 |
| Paxton | 269 | $50,677 | $96,500 | — |
| Edwardsport | 337 | $51,667 | $58,800 | $950 |
| Pleasantville | 127 | $22,381 | — | — |
| Flat Rock | 337 | $51,667 | $66,600 | — |
More for people moving to Oaktown
Oaktown ZIP code ›Weather and climate ›Living in Oaktown: FAQ
What is the median household income in Oaktown, IN?
The median household income in Oaktown is $38,333, 47% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Oaktown?
The median home value in Oaktown is $65,200, compared with $218,200 in Indiana.
How much is rent in Oaktown?
The median gross rent in Oaktown is $697 per month, about 31.5% of household income.
Is Oaktown, IN a good place to live?
Pluses: home values 70% lower than the state median; an average commute of 22 minutes; unemployment of 1.7%; a poverty rate of 3.6%. Minuses: median household income 47% lower than the Indiana median.
What is the median age in Oaktown?
The median age in Oaktown is 48.7 years (Indiana: 38.1).
How long is the commute in Oaktown?
The average commute to work in Oaktown is 22 minutes; 1.7% of workers work from home.
What is the unemployment rate in Oaktown?
The unemployment rate in Oaktown is 1.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Oaktown?
4.6% of adults in Oaktown 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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