Oakland, MD
Population 2,043 · Maryland
About Oakland, MD
Oakland is a small town located in Maryland with a population of 2,043 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,904 per year, which is 20% below the national median of $75,149. The median age of 51.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Oakland features a median home value of $247,100, which is 1% above the national median of $244,900. This positions Oakland in a moderately priced market relative to the rest of the country. Median monthly rent is $631, 46% below the national average of $1,163/month. Of the 1,238 total housing units, 49% are owner-occupied (478 units) and 51% are renter-occupied (495 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Oakland shows an unemployment rate of 1.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.2%, above the national average of 12.4%. Workers in Oakland have an average one-way commute time of 12.5 minutes, one of the shorter commutes in the region.
Education & Demographics
25.8% of Oakland 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 0.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 2.3% Asian residents, with 1.6% of the population being foreign-born.
How Oakland Ranks in Maryland
Cost of Living in Oakland, MD
Compared to national averages, Oakland has a median household income of $59,904 (20% below the national median of $75,149). Home values average $247,100, which is 1% above the national median. Monthly rent at $631 is 46% below the US average of $1,163. Within Maryland, Oakland's income is 45% below the state average of $107,956, and home values are 39% below the state median of $402,447.
Why Live in Oakland, MD?
Oakland offers rent that’s lower than the national average at $631/month, and a strong job market with an unemployment rate of just 1.6%, and short commute times averaging just 12.5 minutes.
Potential considerations include median household income ($59,904) 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 2,043 with a median age of 51.2 years. Compare Oakland with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Oakland
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Charlestown | 2,037 | $109,650 | $361,300 | Compare |
| Pittsville | 2,034 | $73,441 | $206,800 | Compare |
| Mountain Lake Park | 2,033 | $58,418 | $199,200 | Compare |
| Queensland | 2,066 | $173,500 | $489,800 | Compare |
| Landover Hills | 1,996 | $91,250 | $333,500 | Compare |
| Cabin John | 2,096 | $222,500 | $1,293,900 | Compare |
| Long Beach | 1,981 | $137,969 | $391,300 | Compare |
| Baden | 1,968 | $146,486 | $554,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
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, MD?
The population of Oakland, MD is 2,043 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maryland.
What is the median household income in Oakland?
The median household income in Oakland, MD is $59,904 per year, which is 20% below the national median of $75,149.
What is the median home value in Oakland?
The median home value in Oakland, MD is $247,100, which is 1% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Oakland?
The median monthly rent in Oakland, MD is $631, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Oakland?
The unemployment rate in Oakland, MD is 1.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Oakland, MD a good place to live?
Oakland offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 2,043 and a median age of 51.2, the city appeals to established professionals and retirees.
How educated is Oakland, MD?
25.8% 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, MD: median home value is $247,100 (1% above national), median rent is $631/month, and median household income is $59,904. The home-value-to-income ratio is 4.1x, a moderate figure by national standards.
What is the poverty rate in Oakland?
The poverty rate in Oakland, MD is 14.2%, 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, MD?
Oakland's population is 0.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 2.3% Asian, and 1.4% two or more races. 1.6% of residents are foreign-born.