Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.1 yrs |
|---|---|
| Avg HH Size | 3.09 |
| Below Poverty | 1.5% ▼ 85% below avg |
| College Grads | 65.8% ▲ 70% above avg |
| Unemployment | 6.3% ▲ 29% above avg |
| No HS Diploma | 47 (1.1%) |
| HS Graduate | 708 (16%) |
| Some College | 187 (4.2%) |
| Associates | 571 (12.9%) |
| Bachelors | 243 (5.5%) |
| Graduate Degree | 2,665 (60.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $173,056 ▲ 127% above avg |
|---|---|
| Median Home Value | $568,400 ▲ 104% above avg |
| Home/Income Ratio | 3.3x (nat avg ~3.5x) |
| Total Housing Units | 2,431 |
| Vacant Units | 29 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Oakland is a city in Michigan, located in Oakland County. The city spans 1 ZIP code and is home to approximately 7,434 residents. It is a middle-aged city, with a median age of 40.1 years.
Economically, Oakland is a affluent community. The median household income of $173,056 is more than double the national average. Approximately 1.5% of residents live below the poverty line. The unemployment rate is 6.3%, above the national average.
The real estate market in Oakland is a premium housing market. Median home values stand at $568,400, which is more than double the national average. Homeownership is high at 96.5%, typical of suburban and family-oriented communities.
The population of Oakland is highly educated. 65.8% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (91.27%).
Oakland, MI offers residents above-average earning potential within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48363 | 7,434 | $173,056 | $568,400 | — | 6.3% | 65.8% | 96.5% |