Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 51.7 yrs |
|---|---|
| Avg HH Size | 2.06 |
| Below Poverty | 11.4% ▲ 14% above avg |
| College Grads | 30.4% ▼ 22% below avg |
| Unemployment | 6.8% ▲ 39% above avg |
| HS Graduate | 452 (41.5%) |
| Some College | 133 (12.2%) |
| Associates | 173 (15.9%) |
| Bachelors | 161 (14.8%) |
| Graduate Degree | 170 (15.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $57,500 ▼ 25% below avg |
|---|---|
| Median Home Value | $105,200 ▼ 62% below avg |
| Home/Income Ratio | 1.8x (nat avg ~3.5x) |
| Median Rent | $528/mo |
| Total Housing Units | 861 |
| Vacant Units | 135 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Oakland is a city in Illinois, located in Coles County. The city spans 1 ZIP code and is home to approximately 1,495 residents. It is a mature city, with a median age of 51.7 years.
Economically, Oakland is a solidly middle-class community. The median household income of $57,500 is below the national average. Approximately 11.4% of residents live below the poverty line. The unemployment rate is 6.8%, above the national average.
The real estate market in Oakland is one of the more affordable housing markets in the country. Median home values stand at $105,200, which is well below the national average. Renters typically pay around $528 per month. Homeownership is high at 79.2%, typical of suburban and family-oriented communities.
The population of Oakland is moderately educated. 30.4% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (95.52%).
Oakland, IL offers residents a cost-conscious lifestyle within Illinois.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 61943 | 1,495 | $57,500 | $105,200 | $528 | 6.8% | 30.4% | 79.2% |