New Jersey · Census place 53850
Oakland borough, NJ
Quick answer
Oakland borough has 12,700 residents, ranking #108 of 700 places in New Jersey. Median household income is $162,862, the median home is worth $567,200 and median gross rent runs $1,462 a month.
- Population
- 12,700Oakland borough residents
- Median household income
- $162,862Past 12 months, inflation adjusted
- Median home value
- $567,200Owner-occupied units
- Median gross rent
- $1,462Rent plus utilities, monthly
- Median age
- 41.9 yrsAll residents
- Homeownership rate
- 91.8%Owner-occupied households
What the numbers mean in Oakland borough
Housing cost measured against local earnings.
A household earning the Oakland borough median would spend about 10.8% 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 3.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.2% of residents and 91.8% 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 New Jersey.
- Somerville borough 12,958
- Holiday City-Berkeley CDP 12,896
- Red Bank borough 12,864
- Freehold borough 12,504
- Haddonfield borough 12,502
- Upper Montclair CDP 12,279
- Pennsville CDP 12,238
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