Living in Oak Island, Texas
Cost of living, income, home prices, rent and demographics of Oak Island · Census data 2020–2024
Oak Island has 354 residents with a median age of 67.1. The median household income is $55,054 (30% lower than the Texas median), the median home value is $96,700.
Oak Island is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Oak Island at a glance
- Population
- 354
- Median age
- 67.1State: 35.6
- Median household income
- $55,054State: $78,476
- Median home value
- $96,700State: $283,800
- Homeowners
- 85.8%
- Bachelor's degree or higher
- 10.9%
Is Oak Island a good place to live?
Pros: Home values 66% lower than the state median.
Cons: Median household income 30% lower than the Texas median; a poverty rate of 41%.
The weather is best in March–April and October–November.
Cost of living in Oak Island
Housing is the biggest part of the cost of living. In Oak Island the median home value is $96,700, 71% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Oak Island median household income
The median household income in Oak Island is $55,054 and the income per person is $25,644. 41% of residents live below the poverty line (Texas: 13.8%).
Housing in Oak Island: homes for sale and rent
- Housing units
- 177
- Owner-occupied
- 85.8%
- Renter-occupied
- 14.2%
- Vacant
- 36.2%Includes seasonal homes
- Median year built
- 1999
- Average household size
- 3.13
36.2% of homes are vacant most of the year, a sign that Oak Island has many vacation and second homes.
Oak Island demographics
- Population
- 354
- Median age
- 67.1
- Under 18
- 0%
- 65 and older
- 57.6%
- Households
- 113
- Foreign-born
- 34.2%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Oak Island ›
Education in Oak Island
10.9% of adults 25 and older in Oak Island have a bachelor's degree or higher (Texas: 33.8%), and 0% have a graduate or professional degree.
Jobs and commute in Oak Island
- Unemployment rate
- 0%State: 5.3%
- Average commute
- —State: 27 min
- Work from home
- 0%
- Drive alone
- 100%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 51.3%
Oak Island vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Oak Island | 354 | $55,054 | $96,700 | — |
| Anahuac | 2,892 | $77,500 | $226,900 | $1,566 |
| Beach City | 3,309 | $148,574 | $496,900 | $1,669 |
| Cove | 378 | $57,292 | $280,800 | $1,232 |
| Bolivar Peninsula | 2,951 | $75,547 | $315,500 | $1,648 |
| Old River-Winfree | 2,448 | $72,188 | $124,700 | $1,430 |
| Mont Belvieu | 9,020 | $132,781 | $411,000 | $1,701 |
| Baytown | 85,205 | $59,910 | $197,300 | $1,307 |
| Morgan's Point | 233 | $76,250 | $425,000 | $1,354 |
More for people moving to Oak Island
Oak Island ZIP code ›Weather and climate ›Living in Oak Island: FAQ
What is the median household income in Oak Island, TX?
The median household income in Oak Island is $55,054, 30% lower than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Oak Island?
The median home value in Oak Island is $96,700, compared with $283,800 in Texas.
Is Oak Island, TX a good place to live?
Pluses: home values 66% lower than the state median. Minuses: median household income 30% lower than the Texas median; a poverty rate of 41%.
What is the median age in Oak Island?
The median age in Oak Island is 67.1 years (Texas: 35.6).
What is the unemployment rate in Oak Island?
The unemployment rate in Oak Island is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Oak Island?
10.9% of adults in Oak Island 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.
Last updated: