Living in Oakwood, Ohio
Cost of living, income, home prices, rent and demographics of Oakwood · Census data 2020–2024
Oakwood has 9,458 residents with a median age of 40.9. The median household income is $156,667 (119% higher than the Ohio median), the median home value is $370,100, the median rent is $1,416/month.
Oakwood at a glance
- Population
- 9,458
- Median age
- 40.9State: 39.7
- Median household income
- $156,667State: $71,389
- Median home value
- $370,100State: $214,800
- Median rent
- $1,416/moState: $1,034
- Homeowners
- 82.1%
- Bachelor's degree or higher
- 74.5%
- Average commute
- 21 min
Is Oakwood a good place to live?
Pros: Median household income 119% higher than the Ohio median; an average commute of 21 minutes; unemployment of 2.3%; a poverty rate of 2.7%.
Cons: Home values 72% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Oakwood
Housing is the biggest part of the cost of living. In Oakwood the median home value is $370,100, 11% higher than the U.S. median. Renters pay a median of $1,416 per month, which is 21.1% of household income. Homeowners with a mortgage pay $2,469 a month in housing costs.
Oakwood median household income
The median household income in Oakwood is $156,667 and the income per person is $74,664. 2.7% of residents live below the poverty line (Ohio: 13.3%).
Housing in Oakwood: homes for sale and rent
- Housing units
- 3,696
- Owner-occupied
- 82.1%
- Renter-occupied
- 17.9%
- Vacant
- 5%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.69
Oakwood demographics
- Population
- 9,458
- Median age
- 40.9
- Under 18
- 30.6%
- 65 and older
- 13.4%
- Households
- 3,510
- Foreign-born
- 4%
- Veterans
- 5.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Oakwood ›
Education in Oakwood
74.5% of adults 25 and older in Oakwood have a bachelor's degree or higher (Ohio: 31.5%), and 41.8% have a graduate or professional degree.
Jobs and commute in Oakwood
- Unemployment rate
- 2.3%State: 4.8%
- Average commute
- 21 minState: 23 min
- Work from home
- 17%
- Drive alone
- 74%
- Public transit
- 0%
- Walk to work
- 2%
- Homes with broadband
- 98%
Oakwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Oakwood | 9,458 | $156,667 | $370,100 | $1,416 |
| Kettering | 57,206 | $74,681 | $208,500 | $1,051 |
| Moraine | 6,536 | $48,788 | $156,800 | $1,035 |
| Dayton | 136,579 | $45,247 | $100,600 | $918 |
| Riverside | 24,435 | $61,352 | $147,800 | $1,050 |
| West Carrollton | 12,976 | $61,619 | $156,900 | $1,028 |
| Beavercreek | 47,126 | $110,088 | $279,600 | $1,457 |
| Centerville | 25,205 | $85,492 | $287,200 | $1,270 |
| Drexel | 1,751 | $32,094 | $63,800 | $1,109 |
More for people moving to Oakwood
Oakwood ZIP code ›Weather and climate ›Living in Oakwood: FAQ
What is the median household income in Oakwood, OH?
The median household income in Oakwood is $156,667, 119% higher than the Ohio median of $71,389 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Oakwood?
The median home value in Oakwood is $370,100, compared with $214,800 in Ohio.
How much is rent in Oakwood?
The median gross rent in Oakwood is $1,416 per month, about 21.1% of household income.
Is Oakwood, OH a good place to live?
Pluses: median household income 119% higher than the Ohio median; an average commute of 21 minutes; unemployment of 2.3%; a poverty rate of 2.7%. Minuses: home values 72% higher than the state median.
What is the median age in Oakwood?
The median age in Oakwood is 40.9 years (Ohio: 39.7).
How long is the commute in Oakwood?
The average commute to work in Oakwood is 21 minutes; 17% of workers work from home.
What is the unemployment rate in Oakwood?
The unemployment rate in Oakwood is 2.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Oakwood?
74.5% of adults in Oakwood 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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