Oakwood Hills, IL
Population 2,454 · Illinois
About Oakwood Hills, IL
Oakwood Hills is a small town located in Illinois with a population of 2,454 residents according to the latest US Census Bureau American Community Survey data. The median household income is $113,125 per year, which is 51% above the national median of $75,149. The median age of 40.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Oakwood Hills features a median home value of $273,200, which is 12% above the national median of $244,900. This positions Oakwood Hills in a moderately priced market relative to the rest of the country. Median monthly rent is $1,667, 43% above the national average of $1,163/month. Of the 960 total housing units, 92% are owner-occupied (873 units) and 8% are renter-occupied (77 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Oakwood Hills shows an unemployment rate of 4.8%, which is near the national rate of 3.7%. The poverty rate stands at 4.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Oakwood Hills have an average one-way commute time of 31.6 minutes.
Education & Demographics
39.6% of Oakwood Hills residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 15.9% White, 0.5% Hispanic or Latino, 0.7% Black or African American, and 3.4% Asian residents, with 14.5% of the population being foreign-born.
Cost of Living in Oakwood Hills, IL
Compared to national averages, Oakwood Hills has a median household income of $113,125 (51% above the national median of $75,149). Home values average $273,200, which is 12% above the national median. Monthly rent at $1,667 is 43% above the US average of $1,163. Within Illinois, Oakwood Hills's income is 51% above the state average of $75,072, and home values are 65% above the state median of $165,779.
Why Live in Oakwood Hills, IL?
Oakwood Hills offers a strong local economy with a median household income of $113,125, well above the national average, and a well-educated community where 39.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.1%, better than the national average.
Oakwood Hills has a population of 2,454 with a median age of 40.1 years. Compare Oakwood Hills with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Oakwood Hills
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Aviston | 2,451 | $111,354 | $217,000 | Compare |
| Willowbrook | 2,432 | $87,188 | $275,700 | Compare |
| Henry | 2,478 | $63,894 | $115,900 | Compare |
| Christopher | 2,413 | $42,244 | $68,800 | Compare |
| Polo | 2,495 | $52,976 | $108,500 | Compare |
| Fairmont | 2,409 | $59,244 | $147,400 | Compare |
| Altamont | 2,500 | $76,198 | $132,200 | Compare |
| Carthage | 2,508 | $75,179 | $115,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Oakwood Hills With Other Cities
Frequently Asked Questions about Oakwood Hills
What is the population of Oakwood Hills, IL?
The population of Oakwood Hills, IL is 2,454 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Oakwood Hills?
The median household income in Oakwood Hills, IL is $113,125 per year, which is 51% above the national median of $75,149.
What is the median home value in Oakwood Hills?
The median home value in Oakwood Hills, IL is $273,200, which is 12% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oakwood Hills?
The median monthly rent in Oakwood Hills, IL is $1,667, which is 43% above the national average of $1,163/month.
What is the unemployment rate in Oakwood Hills?
The unemployment rate in Oakwood Hills, IL is 4.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Oakwood Hills, IL a good place to live?
Oakwood Hills offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 2,454 and a median age of 40.1, the city appeals to a broad range of residents.
How educated is Oakwood Hills, IL?
39.6% of residents in Oakwood Hills aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Oakwood Hills?
Key cost-of-living indicators for Oakwood Hills, IL: median home value is $273,200 (12% above national), median rent is $1,667/month, and median household income is $113,125. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Oakwood Hills?
The poverty rate in Oakwood Hills, IL is 4.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Oakwood Hills, IL?
Oakwood Hills's population is 15.9% White, 0.5% Hispanic or Latino, 0.7% Black or African American, 3.4% Asian, and 0.8% two or more races. 14.5% of residents are foreign-born.