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ZipNumbers

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

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