Oakland, ME
Population 2,714 · Maine
About Oakland, ME
Oakland is a small town located in Maine with a population of 2,714 residents according to the latest US Census Bureau American Community Survey data. The median household income is $44,846 per year, which is 40% below the national median of $75,149. The median age of 41.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Oakland features a median home value of $142,800, which is 42% below the national median of $244,900. This makes Oakland one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $932, 20% below the national average of $1,163/month. Of the 1,324 total housing units, 70% are owner-occupied (850 units) and 30% are renter-occupied (357 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Oakland shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 17.2%, above the national average of 12.4%. Workers in Oakland have an average one-way commute time of 20.9 minutes.
Education & Demographics
17.0% of Oakland residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 6.3% Hispanic or Latino, 0.5% Black or African American, and 0.0% Asian residents, with 2.8% of the population being foreign-born.
How Oakland Ranks in Maine
Cost of Living in Oakland, ME
Compared to national averages, Oakland has a median household income of $44,846 (40% below the national median of $75,149). Home values average $142,800, which is 42% below the national median. Monthly rent at $932 is 20% below the US average of $1,163. Within Maine, Oakland's income is 31% below the state average of $64,613, and home values are 43% below the state median of $251,113.
Why Live in Oakland, ME?
Oakland offers affordable housing with a median home value of $142,800, below the US average of $244,900, and rent that’s lower than the national average at $932/month, and a strong job market with an unemployment rate of just 1.4%. Additionally, the city features short commute times averaging just 20.9 minutes.
Potential considerations include median household income ($44,846) 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 2,714 with a median age of 41.8 years. Compare Oakland with other cities to see how it stacks up, or explore all cities in Maine.
Similar Cities Near Oakland
Cities in Maine with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dover-Foxcroft | 2,758 | $51,919 | $137,500 | Compare |
| Winthrop | 2,666 | $54,612 | $240,700 | Compare |
| Cumberland Center | 2,811 | $145,208 | $480,700 | Compare |
| Cape Neddick | 2,578 | $98,113 | $636,100 | Compare |
| Lincoln | 2,576 | $33,750 | $120,200 | Compare |
| Hallowell | 2,570 | $58,811 | $266,700 | Compare |
| South Paris | 2,570 | $56,823 | $186,300 | Compare |
| Madison | 2,552 | $43,095 | $70,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maine
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Oakland With Other Cities
Frequently Asked Questions about Oakland
What is the population of Oakland, ME?
The population of Oakland, ME is 2,714 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maine.
What is the median household income in Oakland?
The median household income in Oakland, ME is $44,846 per year, which is 40% below the national median of $75,149.
What is the median home value in Oakland?
The median home value in Oakland, ME is $142,800, which is 42% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oakland?
The median monthly rent in Oakland, ME is $932, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Oakland?
The unemployment rate in Oakland, ME is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Oakland, ME a good place to live?
Oakland offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,714 and a median age of 41.8, the city appeals to a broad range of residents.
How educated is Oakland, ME?
17.0% of residents in Oakland aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Oakland?
Key cost-of-living indicators for Oakland, ME: median home value is $142,800 (42% below national), median rent is $932/month, and median household income is $44,846. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Oakland?
The poverty rate in Oakland, ME is 17.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Oakland, ME?
Oakland's population is 0.0% White, 6.3% Hispanic or Latino, 0.5% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.8% of residents are foreign-born.