Living in Oakham, Massachusetts
Cost of living, income, home prices, rent and demographics of Oakham · Census data 2020–2024
Oakham has 1,639 residents with a median age of 49. The median household income is $102,000 (about the same as the Massachusetts median), the median home value is $420,100, the median rent is $1,174/month.
Oakham at a glance
- Population
- 1,639
- Median age
- 49State: 40
- Median household income
- $102,000State: $103,960
- Median home value
- $420,100State: $562,100
- Median rent
- $1,174/moState: $1,762
- Homeowners
- 91.6%
- Bachelor's degree or higher
- 40.3%
- Average commute
- 39 min
Is Oakham a good place to live?
Pros: Home values 25% lower than the state median; unemployment of 2.5%; a poverty rate of 4.4%.
Cons: Median household income about the same as the Massachusetts median; an average commute of 39 minutes.
The weather is best in June to September.
Cost of living in Oakham
Housing is the biggest part of the cost of living. In Oakham the median home value is $420,100, 26% higher than the U.S. median. Renters pay a median of $1,174 per month, which is 18.7% of household income. Homeowners with a mortgage pay $1,954 a month in housing costs.
Oakham median household income
The median household income in Oakham is $102,000 and the income per person is $49,996. 4.4% of residents live below the poverty line (Massachusetts: 10%).
Housing in Oakham: homes for sale and rent
- Housing units
- 687
- Owner-occupied
- 91.6%
- Renter-occupied
- 8.4%
- Vacant
- 8.6%Includes seasonal homes
- Median year built
- 1979
- Average household size
- 2.58
Oakham demographics
- Population
- 1,639
- Median age
- 49
- Under 18
- 18.2%
- 65 and older
- 21.4%
- Households
- 628
- Foreign-born
- 3.1%
- Veterans
- 6.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Oakham ›
Education in Oakham
40.3% of adults 25 and older in Oakham have a bachelor's degree or higher (Massachusetts: 47.3%), and 16.8% have a graduate or professional degree.
Jobs and commute in Oakham
- Unemployment rate
- 2.5%State: 5.2%
- Average commute
- 39 minState: 29 min
- Work from home
- 9.6%
- Drive alone
- 83.4%
- Public transit
- 0%
- Walk to work
- 0.4%
- Homes with broadband
- 92.7%
Oakham vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Oakham | 1,639 | $102,000 | $420,100 | $1,174 |
| Rutland | 9,353 | $145,707 | $462,800 | $1,078 |
| New Braintree | 973 | $99,500 | $408,800 | $1,484 |
| Barre | 5,572 | $107,727 | $394,300 | $1,030 |
| North Brookfield | 4,760 | $79,285 | $359,100 | $981 |
| Paxton | 5,002 | $134,083 | $472,300 | $1,386 |
| Spencer | 12,008 | $80,533 | $382,000 | $1,078 |
| Hardwick | 2,684 | $75,000 | $346,700 | $1,108 |
| West Brookfield | 3,859 | $95,613 | $354,000 | $1,236 |
More for people moving to Oakham
Oakham ZIP code ›Weather and climate ›Living in Oakham: FAQ
What is the median household income in Oakham, MA?
The median household income in Oakham is $102,000, about the same as the Massachusetts median of $103,960 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Oakham?
The median home value in Oakham is $420,100, compared with $562,100 in Massachusetts.
How much is rent in Oakham?
The median gross rent in Oakham is $1,174 per month, about 18.7% of household income.
Is Oakham, MA a good place to live?
Pluses: home values 25% lower than the state median; unemployment of 2.5%; a poverty rate of 4.4%. Minuses: median household income about the same as the Massachusetts median; an average commute of 39 minutes.
What is the median age in Oakham?
The median age in Oakham is 49 years (Massachusetts: 40).
How long is the commute in Oakham?
The average commute to work in Oakham is 39 minutes; 9.6% of workers work from home.
What is the unemployment rate in Oakham?
The unemployment rate in Oakham is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Oakham?
40.3% of adults in Oakham 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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