Living in Oakwood, Ohio
Cost of living, income, home prices, rent and demographics of Oakwood · Census data 2020–2024
Oakwood has 499 residents with a median age of 33.8. The median household income is $46,172 (35% lower than the Ohio median), the median home value is $81,400, the median rent is $585/month.
Oakwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Oakwood at a glance
- Population
- 499
- Median age
- 33.8State: 39.7
- Median household income
- $46,172State: $71,389
- Median home value
- $81,400State: $214,800
- Median rent
- $585/moState: $1,034
- Homeowners
- 60.8%
- Bachelor's degree or higher
- 14.2%
- Average commute
- 25 min
Is Oakwood a good place to live?
Pros: Home values 62% lower than the state median; unemployment of 1.3%.
Cons: Median household income 35% lower than the Ohio median; an average commute of 25 minutes; a poverty rate of 25.1%.
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 $81,400, 76% lower than the U.S. median. Renters pay a median of $585 per month, which is 24.6% of household income. Homeowners with a mortgage pay $1,042 a month in housing costs.
Oakwood median household income
The median household income in Oakwood is $46,172 and the income per person is $25,983. 25.1% of residents live below the poverty line (Ohio: 13.3%).
Housing in Oakwood: homes for sale and rent
- Housing units
- 259
- Owner-occupied
- 60.8%
- Renter-occupied
- 39.2%
- Vacant
- 23.2%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.51
Oakwood demographics
- Population
- 499
- Median age
- 33.8
- Under 18
- 30.3%
- 65 and older
- 12%
- Households
- 199
- Foreign-born
- 2.2%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Oakwood ›
Education in Oakwood
14.2% of adults 25 and older in Oakwood have a bachelor's degree or higher (Ohio: 31.5%), and 1.2% have a graduate or professional degree.
Jobs and commute in Oakwood
- Unemployment rate
- 1.3%State: 4.8%
- Average commute
- 25 minState: 23 min
- Work from home
- 0.5%
- Drive alone
- 84.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 89.9%
Oakwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Oakwood | 499 | $46,172 | $81,400 | $585 |
| Melrose | 404 | $93,269 | $122,200 | — |
| Dupont | 287 | $43,807 | $109,500 | — |
| Continental | 1,368 | $75,313 | $161,500 | $497 |
| Cloverdale | 108 | $45,833 | $79,300 | — |
| Grover Hill | 435 | $71,944 | $70,900 | $920 |
| Broughton | 118 | $46,818 | $80,000 | — |
| Latty | 182 | $90,000 | $98,600 | $633 |
| Ottoville | 845 | $71,500 | $249,100 | $928 |
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 $46,172, 35% lower 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 $81,400, compared with $214,800 in Ohio.
How much is rent in Oakwood?
The median gross rent in Oakwood is $585 per month, about 24.6% of household income.
Is Oakwood, OH a good place to live?
Pluses: home values 62% lower than the state median; unemployment of 1.3%. Minuses: median household income 35% lower than the Ohio median; an average commute of 25 minutes; a poverty rate of 25.1%.
What is the median age in Oakwood?
The median age in Oakwood is 33.8 years (Ohio: 39.7).
How long is the commute in Oakwood?
The average commute to work in Oakwood is 25 minutes; 0.5% of workers work from home.
What is the unemployment rate in Oakwood?
The unemployment rate in Oakwood is 1.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Oakwood?
14.2% 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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