Living in Oakley, Michigan
Cost of living, income, home prices, rent and demographics of Oakley · Census data 2020–2024
Oakley has 257 residents with a median age of 44.9. The median household income is $53,750 (26% lower than the Michigan median), the median home value is $84,000, the median rent is $907/month.
Oakley is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Oakley at a glance
- Population
- 257
- Median age
- 44.9State: 40.2
- Median household income
- $53,750State: $72,875
- Median home value
- $84,000State: $231,600
- Median rent
- $907/moState: $1,129
- Homeowners
- 72.1%
- Bachelor's degree or higher
- 9.3%
- Average commute
- 27 min
Is Oakley a good place to live?
Pros: Home values 64% lower than the state median.
Cons: Median household income 26% lower than the Michigan median; an average commute of 27 minutes; unemployment of 14.5%; a poverty rate of 14.4%.
The weather is best in June to September.
Cost of living in Oakley
Housing is the biggest part of the cost of living. In Oakley the median home value is $84,000, 75% lower than the U.S. median. Renters pay a median of $907 per month, which is 27.9% of household income. Homeowners with a mortgage pay $850 a month in housing costs.
Oakley median household income
The median household income in Oakley is $53,750 and the income per person is $28,936. 14.4% of residents live below the poverty line (Michigan: 13.2%).
Housing in Oakley: homes for sale and rent
- Housing units
- 125
- Owner-occupied
- 72.1%
- Renter-occupied
- 27.9%
- Vacant
- 11.2%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 2.32
Oakley demographics
- Population
- 257
- Median age
- 44.9
- Under 18
- 20.6%
- 65 and older
- 24.9%
- Households
- 111
- Foreign-born
- 3.1%
- Veterans
- 3.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Oakley ›
Education in Oakley
9.3% of adults 25 and older in Oakley have a bachelor's degree or higher (Michigan: 32.4%), and 0% have a graduate or professional degree.
Jobs and commute in Oakley
- Unemployment rate
- 14.5%State: 5.7%
- Average commute
- 27 minState: 24 min
- Work from home
- 6.3%
- Drive alone
- 71.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 82%
Oakley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Oakley | 257 | $53,750 | $84,000 | $907 |
| Chesaning | 2,484 | $59,777 | $136,700 | $679 |
| Henderson | 320 | $73,750 | $173,100 | $1,031 |
| New Lothrop | 733 | $72,344 | $205,700 | $765 |
| Owosso | 14,632 | $54,229 | $132,600 | $784 |
| St. Charles | 1,934 | $50,000 | $118,500 | $460 |
| Middletown | 799 | $46,250 | $90,700 | $869 |
| Corunna | 3,037 | $46,141 | $151,000 | $932 |
| Elsie | 1,000 | $59,318 | $114,000 | $700 |
More for people moving to Oakley
Oakley ZIP code ›Weather and climate ›Living in Oakley: FAQ
What is the median household income in Oakley, MI?
The median household income in Oakley is $53,750, 26% lower than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Oakley?
The median home value in Oakley is $84,000, compared with $231,600 in Michigan.
How much is rent in Oakley?
The median gross rent in Oakley is $907 per month, about 27.9% of household income.
Is Oakley, MI a good place to live?
Pluses: home values 64% lower than the state median. Minuses: median household income 26% lower than the Michigan median; an average commute of 27 minutes; unemployment of 14.5%; a poverty rate of 14.4%.
What is the median age in Oakley?
The median age in Oakley is 44.9 years (Michigan: 40.2).
How long is the commute in Oakley?
The average commute to work in Oakley is 27 minutes; 6.3% of workers work from home.
What is the unemployment rate in Oakley?
The unemployment rate in Oakley is 14.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Oakley?
9.3% of adults in Oakley 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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