Michigan · Census place 59860
Oakley village, MI
Quick answer
Oakley village has 255 residents, ranking #652 of 745 places in Michigan. Median household income is $50,417, the median home is worth $80,400 and median gross rent runs $745 a month.
- Population
- 255Oakley village residents
- Median household income
- $50,417Past 12 months, inflation adjusted
- Median home value
- $80,400Owner-occupied units
- Median gross rent
- $745Rent plus utilities, monthly
- Median age
- 44.9 yrsAll residents
- Homeownership rate
- 75.5%Owner-occupied households
What the numbers mean in Oakley village
Housing cost measured against local earnings.
A household earning the Oakley village median would spend about 17.7% 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 1.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 19.2% of residents and 75.5% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Michigan.
- St. James CDP 259
- Walloon Lake CDP 258
- Grand Marais CDP 255
- Applegate village 251
- Lincoln village 250
- Rockland CDP 250
- Omer city 247
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