Oak Park, MI
Population 29,370 · Michigan
About Oak Park, MI
Oak Park is a mid-sized city located in Michigan with a population of 29,370 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,882 per year, which is 12% below the national median of $75,149. The median age of 37.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Oak Park features a median home value of $198,500, which is 19% below the national median of $244,900. This positions Oak Park in a moderately priced market relative to the rest of the country. Median monthly rent is $1,354, 16% above the national average of $1,163/month. Of the 13,036 total housing units, 59% are owner-occupied (7,544 units) and 41% are renter-occupied (5,178 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Oak Park shows an unemployment rate of 9.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 14.2%, above the national average of 12.4%. Workers in Oak Park have an average one-way commute time of 22.1 minutes.
Education & Demographics
39.5% of Oak Park 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 0.6% White, 1.2% Hispanic or Latino, 0.3% Black or African American, and 0.2% Asian residents, with 8.5% of the population being foreign-born.
How Oak Park Ranks in Michigan
Cost of Living in Oak Park, MI
Compared to national averages, Oak Park has a median household income of $65,882 (12% below the national median of $75,149). Home values average $198,500, which is 19% below the national median. Monthly rent at $1,354 is 16% above the US average of $1,163. Within Michigan, Oak Park's income is 0% below the state average of $66,017, and home values are 8% above the state median of $183,391.
Why Live in Oak Park, MI?
Oak Park offers affordable housing with a median home value of $198,500, below the US average of $244,900, and a well-educated community where 39.5% of residents hold a bachelor’s degree or higher, and short commute times averaging just 22.1 minutes.
Potential considerations include median household income ($65,882) that falls below the national average. However, Oak Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oak Park has a population of 29,370 with a median age of 37.9 years. Compare Oak Park with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Oak Park
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Burton | 29,529 | $57,767 | $131,200 | Compare |
| Southgate | 29,551 | $64,635 | $165,400 | Compare |
| Port Huron | 28,724 | $49,377 | $136,000 | Compare |
| Forest Hills | 28,494 | $156,618 | $474,800 | Compare |
| Madison Heights | 28,411 | $66,726 | $190,300 | Compare |
| Allen Park | 28,128 | $80,045 | $174,500 | Compare |
| Hamtramck | 27,830 | $40,103 | $116,400 | Compare |
| Jackson | 31,206 | $42,848 | $94,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Oak Park With Other Cities
Frequently Asked Questions about Oak Park
What is the population of Oak Park, MI?
The population of Oak Park, MI is 29,370 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Michigan.
What is the median household income in Oak Park?
The median household income in Oak Park, MI is $65,882 per year, which is 12% below the national median of $75,149.
What is the median home value in Oak Park?
The median home value in Oak Park, MI is $198,500, which is 19% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oak Park?
The median monthly rent in Oak Park, MI is $1,354, which is 16% above the national average of $1,163/month.
What is the unemployment rate in Oak Park?
The unemployment rate in Oak Park, MI is 9.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Oak Park, MI a good place to live?
Oak Park offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 29,370 and a median age of 37.9, the city appeals to a broad range of residents.
How educated is Oak Park, MI?
39.5% of residents in Oak Park 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 Oak Park?
Key cost-of-living indicators for Oak Park, MI: median home value is $198,500 (19% below national), median rent is $1,354/month, and median household income is $65,882. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Oak Park?
The poverty rate in Oak Park, MI 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 Oak Park, MI?
Oak Park's population is 0.6% White, 1.2% Hispanic or Latino, 0.3% Black or African American, 0.2% Asian, and 53.1% two or more races. 8.5% of residents are foreign-born.