Living in Oakland, Maryland
Cost of living, income, home prices, rent and demographics of Oakland · Census data 2020–2024
Oakland has 2,254 residents with a median age of 51.1. The median household income is $53,289 (49% lower than the Maryland median), the median home value is $244,400, the median rent is $670/month.
Oakland at a glance
- Population
- 2,254
- Median age
- 51.1State: 39.4
- Median household income
- $53,289State: $103,678
- Median home value
- $244,400State: $419,900
- Median rent
- $670/moState: $1,705
- Homeowners
- 47.5%
- Bachelor's degree or higher
- 29.3%
- Average commute
- 16 min
Is Oakland a good place to live?
Pros: Home values 42% lower than the state median; an average commute of 16 minutes; unemployment of 3.2%.
Cons: Median household income 49% lower than the Maryland median; a poverty rate of 17.5%.
The weather is best in June to September.
Cost of living in Oakland
Housing is the biggest part of the cost of living. In Oakland the median home value is $244,400, 27% lower than the U.S. median. Renters pay a median of $670 per month, which is 21.5% of household income. Homeowners with a mortgage pay $1,789 a month in housing costs.
Oakland median household income
The median household income in Oakland is $53,289 and the income per person is $36,775. 17.5% of residents live below the poverty line (Maryland: 9.4%).
Housing in Oakland: homes for sale and rent
- Housing units
- 1,262
- Owner-occupied
- 47.5%
- Renter-occupied
- 52.5%
- Vacant
- 13.9%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 1.93
Oakland demographics
- Population
- 2,254
- Median age
- 51.1
- Under 18
- 17.6%
- 65 and older
- 28.4%
- Households
- 1,086
- Foreign-born
- 0.5%
- Veterans
- 11.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Oakland ›
Education in Oakland
29.3% of adults 25 and older in Oakland have a bachelor's degree or higher (Maryland: 43.4%), and 16.3% have a graduate or professional degree.
Jobs and commute in Oakland
- Unemployment rate
- 3.2%State: 4.9%
- Average commute
- 16 minState: 31 min
- Work from home
- 9.1%
- Drive alone
- 68.4%
- Public transit
- 1.7%
- Walk to work
- 7.9%
- Homes with broadband
- 84.2%
Oakland vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Oakland | 2,254 | $53,289 | $244,400 | $670 |
| Mountain Lake Park | 2,167 | $60,875 | $216,100 | $736 |
| Loch Lynn Heights | 480 | $48,958 | $129,800 | $881 |
| Deer Park | 288 | $52,500 | $159,600 | $850 |
| Terra Alta | 1,841 | $50,536 | $95,200 | $742 |
| Bayard | 299 | $33,462 | $73,200 | $690 |
| Aurora | 284 | $55,444 | — | — |
| Kitzmiller | 264 | $55,500 | $84,400 | $888 |
| Elk Garden | 212 | $61,250 | $91,000 | — |
More for people moving to Oakland
Oakland ZIP code ›Weather and climate ›Living in Oakland: FAQ
What is the median household income in Oakland, MD?
The median household income in Oakland is $53,289, 49% lower than the Maryland median of $103,678 (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 $244,400, compared with $419,900 in Maryland.
How much is rent in Oakland?
The median gross rent in Oakland is $670 per month, about 21.5% of household income.
Is Oakland, MD a good place to live?
Pluses: home values 42% lower than the state median; an average commute of 16 minutes; unemployment of 3.2%. Minuses: median household income 49% lower than the Maryland median; a poverty rate of 17.5%.
What is the median age in Oakland?
The median age in Oakland is 51.1 years (Maryland: 39.4).
How long is the commute in Oakland?
The average commute to work in Oakland is 16 minutes; 9.1% of workers work from home.
What is the unemployment rate in Oakland?
The unemployment rate in Oakland is 3.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Oakland?
29.3% 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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