Oakland, IL
Population 948 · Illinois
About Oakland, IL
Oakland is a small community in Illinois with a population of 948 residents. The median household income is $49,571 per year, which is below the national average. The median age in Oakland is 48.9 years.
Housing in Oakland has a median home value of $97,200 and median monthly rent of $509. Of the 537 total housing units, the majority are owner-occupied, with 354 owner-occupied and 98 renter-occupied units.
The unemployment rate in Oakland is 6.1% and the poverty rate is 11.7%. 18.1% of residents hold a bachelor's degree or higher. The average commute time is 25.2 minutes.
How Oakland Ranks in Illinois
Cost of Living in Oakland, IL
Compared to national averages, Oakland has a median household income of $49,571 (34% below the national median of $75,149). Home values average $97,200, which is 60% below the national median. Monthly rent at $509 is 56% below the US average of $1,163. Within Illinois, Oakland's income is 34% below the state average of $75,072, and home values are 41% below the state median of $165,779.
Why Live in Oakland, IL?
Oakland offers affordable housing with a median home value of $97,200, below the US average of $244,900, and rent that’s lower than the national average at $509/month, and a low poverty rate of 11.7%, better than the national average.
Potential considerations include median household income ($49,571) that falls below the national average. However, Oakland’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oakland has a population of 948 with a median age of 48.9 years. Compare Oakland with other cities to see how it stacks up, or explore all cities in Illinois.
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Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Oakland
What is the population of Oakland, IL?
The population of Oakland, IL is 948 according to the latest Census data.
What is the median household income in Oakland?
The median household income in Oakland, IL is $49,571 per year.
What is the median home value in Oakland?
The median home value in Oakland, IL is $97,200.
What is the average rent in Oakland?
The median monthly rent in Oakland, IL is $509.
What is the unemployment rate in Oakland?
The unemployment rate in Oakland, IL is 6.1%.