Oaktown, IN
Population 724 · Indiana
About Oaktown, IN
Oaktown is a small community in Indiana with a population of 724 residents. The median household income is $30,417 per year, which is below the national average. The median age in Oaktown is 48.8 years.
Housing in Oaktown has a median home value of $67,700 and median monthly rent of $705. Of the 372 total housing units, the majority are owner-occupied, with 200 owner-occupied and 123 renter-occupied units.
The unemployment rate in Oaktown is 1.9% and the poverty rate is 5.2%. 3.2% of residents hold a bachelor's degree or higher. The average commute time is 22.3 minutes.
How Oaktown Ranks in Indiana
Cost of Living in Oaktown, IN
Compared to national averages, Oaktown has a median household income of $30,417 (60% below the national median of $75,149). Home values average $67,700, which is 72% below the national median. Monthly rent at $705 is 39% below the US average of $1,163. Within Indiana, Oaktown's income is 56% below the state average of $69,330, and home values are 59% below the state median of $163,409.
Why Live in Oaktown, IN?
Oaktown offers affordable housing with a median home value of $67,700, below the US average of $244,900, and rent that’s lower than the national average at $705/month, and a strong job market with an unemployment rate of just 1.9%. Additionally, the city features a low poverty rate of 5.2%, better than the national average, and short commute times averaging just 22.3 minutes.
Potential considerations include median household income ($30,417) that falls below the national average. However, Oaktown’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oaktown has a population of 724 with a median age of 48.8 years. Compare Oaktown with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Oaktown
Cities in Indiana with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Oaktown With Other Cities
Frequently Asked Questions about Oaktown
What is the population of Oaktown, IN?
The population of Oaktown, IN is 724 according to the latest Census data.
What is the median household income in Oaktown?
The median household income in Oaktown, IN is $30,417 per year.
What is the median home value in Oaktown?
The median home value in Oaktown, IN is $67,700.
What is the average rent in Oaktown?
The median monthly rent in Oaktown, IN is $705.
What is the unemployment rate in Oaktown?
The unemployment rate in Oaktown, IN is 1.9%.