Living in Oak Lane, Pennsylvania
Cost of living, income, home prices, rent and demographics of Oak Lane · Census data 2020–2024
Oak Lane has 4,210 residents with a median age of 44.4. The median household income is $136,346 (75% higher than the Pennsylvania median), the median home value is $357,500, the median rent is $1,347/month.
Oak Lane at a glance
- Population
- 4,210
- Median age
- 44.4State: 40.9
- Median household income
- $136,346State: $77,971
- Median home value
- $357,500State: $254,500
- Median rent
- $1,347/moState: $1,209
- Homeowners
- 90.6%
- Bachelor's degree or higher
- 44.6%
- Average commute
- 33 min
Is Oak Lane a good place to live?
Pros: Median household income 75% higher than the Pennsylvania median; a poverty rate of 6.2%.
Cons: Home values 40% higher than the state median; an average commute of 33 minutes; unemployment of 5.9%.
The weather is best in May–June and September–October.
Cost of living in Oak Lane
Housing is the biggest part of the cost of living. In Oak Lane the median home value is $357,500, 7% higher than the U.S. median. Renters pay a median of $1,347 per month, which is 26.8% of household income. Homeowners with a mortgage pay $2,636 a month in housing costs.
Oak Lane median household income
The median household income in Oak Lane is $136,346 and the income per person is $51,922. 6.2% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Oak Lane: homes for sale and rent
- Housing units
- 1,432
- Owner-occupied
- 90.6%
- Renter-occupied
- 9.4%
- Vacant
- 0.3%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 2.94
Oak Lane demographics
- Population
- 4,210
- Median age
- 44.4
- Under 18
- 18.5%
- 65 and older
- 24.2%
- Households
- 1,428
- Foreign-born
- 16.5%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Oak Lane ›
Education in Oak Lane
44.6% of adults 25 and older in Oak Lane have a bachelor's degree or higher (Pennsylvania: 35.2%), and 20.9% have a graduate or professional degree.
Jobs and commute in Oak Lane
- Unemployment rate
- 5.9%State: 5.3%
- Average commute
- 33 minState: 26 min
- Work from home
- 16.2%
- Drive alone
- 59%
- Public transit
- 5.4%
- Walk to work
- 2.1%
- Homes with broadband
- 94.3%
Oak Lane vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Oak Lane | 4,210 | $136,346 | $357,500 | $1,347 |
| Melrose Park | 2,266 | $168,750 | $465,200 | $1,772 |
| Cheltenham Village | 2,112 | $90,240 | $295,600 | $1,503 |
| Elkins Park | 7,213 | $129,852 | $401,200 | $1,606 |
| McKinley | 2,662 | $107,067 | $346,400 | $2,096 |
| Cheltenham | 38,374 | $109,022 | $384,800 | $1,608 |
| Rockledge | 2,634 | $92,639 | $324,300 | $1,111 |
| Jenkintown | 4,727 | $110,703 | $398,000 | $1,418 |
| Wyncote | 3,389 | $148,824 | $470,100 | $1,434 |
More for people moving to Oak Lane
Oak Lane ZIP code ›Weather and climate ›Living in Oak Lane: FAQ
What is the median household income in Oak Lane, PA?
The median household income in Oak Lane is $136,346, 75% higher than the Pennsylvania median of $77,971 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Oak Lane?
The median home value in Oak Lane is $357,500, compared with $254,500 in Pennsylvania.
How much is rent in Oak Lane?
The median gross rent in Oak Lane is $1,347 per month, about 26.8% of household income.
Is Oak Lane, PA a good place to live?
Pluses: median household income 75% higher than the Pennsylvania median; a poverty rate of 6.2%. Minuses: home values 40% higher than the state median; an average commute of 33 minutes; unemployment of 5.9%.
What is the median age in Oak Lane?
The median age in Oak Lane is 44.4 years (Pennsylvania: 40.9).
How long is the commute in Oak Lane?
The average commute to work in Oak Lane is 33 minutes; 16.2% of workers work from home.
What is the unemployment rate in Oak Lane?
The unemployment rate in Oak Lane is 5.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Oak Lane?
44.6% of adults in Oak Lane 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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