Oakwood Hills, IL
Population 2,454 · Illinois
About Oakwood Hills, IL
Oakwood Hills is a small community in Illinois with a population of 2,454 residents. The median household income is $113,125 per year, which is above the national average. The median age in Oakwood Hills is 40.1 years.
Housing in Oakwood Hills has a median home value of $273,200 and median monthly rent of $1,667. Of the 960 total housing units, the majority are owner-occupied, with 873 owner-occupied and 77 renter-occupied units.
The unemployment rate in Oakwood Hills is 4.8% and the poverty rate is 4.1%. 39.6% of residents hold a bachelor's degree or higher. The average commute time is 31.6 minutes.
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.
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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 Census data.
What is the median household income in Oakwood Hills?
The median household income in Oakwood Hills, IL is $113,125 per year.
What is the median home value in Oakwood Hills?
The median home value in Oakwood Hills, IL is $273,200.
What is the average rent in Oakwood Hills?
The median monthly rent in Oakwood Hills, IL is $1,667.
What is the unemployment rate in Oakwood Hills?
The unemployment rate in Oakwood Hills, IL is 4.8%.