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ZipNumbers

Illinois · Census place 54781

Oakland city, IL

Quick answer

Oakland city has 948 residents, ranking #721 of 1462 places in Illinois. Median household income is $49,571, the median home is worth $97,200 and median gross rent runs $509 a month.

Population
948Oakland city residents
Median household income
$49,571Past 12 months, inflation adjusted
Median home value
$97,200Owner-occupied units
Median gross rent
$509Rent plus utilities, monthly
Median age
48.9 yrsAll residents
Homeownership rate
78.3%Owner-occupied households

What the numbers mean in Oakland city

Housing cost measured against local earnings.

A household earning the Oakland city median would spend about 12.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 11.7% of residents and 78.3% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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