Living in Oakland, New Jersey
Cost of living, income, home prices, rent and demographics of Oakland · Census data 2020–2024
Oakland has 12,768 residents with a median age of 40.7. The median household income is $162,019 (56% higher than the New Jersey median), the median home value is $591,300, the median rent is $1,383/month.
Oakland at a glance
- Population
- 12,768
- Median age
- 40.7State: 40.1
- Median household income
- $162,019State: $103,556
- Median home value
- $591,300State: $454,400
- Median rent
- $1,383/moState: $1,720
- Homeowners
- 92.9%
- Bachelor's degree or higher
- 56.8%
- Average commute
- 30 min
Is Oakland a good place to live?
Pros: Median household income 56% higher than the New Jersey median; an average commute of 30 minutes; unemployment of 5.4%; a poverty rate of 3.1%.
Cons: Home values 30% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Oakland
Housing is the biggest part of the cost of living. In Oakland the median home value is $591,300, 78% higher than the U.S. median. Renters pay a median of $1,383 per month, which is 34.8% of household income. Homeowners with a mortgage pay $3,422 a month in housing costs.
Oakland median household income
The median household income in Oakland is $162,019 and the income per person is $67,775. 3.1% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Oakland: homes for sale and rent
- Housing units
- 4,683
- Owner-occupied
- 92.9%
- Renter-occupied
- 7.1%
- Vacant
- 4.2%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.81
Oakland demographics
- Population
- 12,768
- Median age
- 40.7
- Under 18
- 22%
- 65 and older
- 17.5%
- Households
- 4,488
- Foreign-born
- 13.8%
- Veterans
- 4.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Oakland ›
Education in Oakland
56.8% of adults 25 and older in Oakland have a bachelor's degree or higher (New Jersey: 43.6%), and 23.1% have a graduate or professional degree.
Jobs and commute in Oakland
- Unemployment rate
- 5.4%State: 6.3%
- Average commute
- 30 minState: 31 min
- Work from home
- 21.8%
- Drive alone
- 69.9%
- Public transit
- 2.2%
- Walk to work
- 0.4%
- Homes with broadband
- 95.7%
Oakland vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Oakland | 12,768 | $162,019 | $591,300 | $1,383 |
| Franklin Lakes | 11,084 | $235,795 | $1,264,000 | $3,230 |
| Pines Lake | 2,882 | $172,348 | $626,500 | — |
| Wanaque | 11,206 | $113,175 | $400,700 | $1,778 |
| Pompton Lakes | 11,047 | $124,454 | $442,400 | $1,845 |
| Wyckoff | 17,050 | $203,988 | $925,700 | $2,567 |
| Riverdale | 4,112 | $102,950 | $395,900 | $2,424 |
| Mahwah | 25,491 | $131,327 | $606,000 | $2,204 |
| Bloomingdale | 7,716 | $127,500 | $432,000 | $1,753 |
More for people moving to Oakland
Oakland ZIP code ›Weather and climate ›Living in Oakland: FAQ
What is the median household income in Oakland, NJ?
The median household income in Oakland is $162,019, 56% higher than the New Jersey median of $103,556 (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 $591,300, compared with $454,400 in New Jersey.
How much is rent in Oakland?
The median gross rent in Oakland is $1,383 per month, about 34.8% of household income.
Is Oakland, NJ a good place to live?
Pluses: median household income 56% higher than the New Jersey median; an average commute of 30 minutes; unemployment of 5.4%; a poverty rate of 3.1%. Minuses: home values 30% higher than the state median.
What is the median age in Oakland?
The median age in Oakland is 40.7 years (New Jersey: 40.1).
How long is the commute in Oakland?
The average commute to work in Oakland is 30 minutes; 21.8% of workers work from home.
What is the unemployment rate in Oakland?
The unemployment rate in Oakland is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Oakland?
56.8% 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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