Oakley, MI
Population 255 · Michigan
About Oakley, MI
Oakley is a small community in Michigan with a population of 255 residents. The median household income is $50,417 per year, which is near the national average. The median age in Oakley is 44.9 years.
Housing in Oakley has a median home value of $80,400 and median monthly rent of $745. Of the 133 total housing units, the majority are owner-occupied, with 83 owner-occupied and 27 renter-occupied units.
The unemployment rate in Oakley is 9.2% and the poverty rate is 19.2%. 9.9% of residents hold a bachelor's degree or higher. The average commute time is 31.2 minutes.
Cost of Living in Oakley, MI
Compared to national averages, Oakley has a median household income of $50,417 (33% below the national median of $75,149). Home values average $80,400, which is 67% below the national median. Monthly rent at $745 is 36% below the US average of $1,163. Within Michigan, Oakley's income is 24% below the state average of $66,017, and home values are 56% below the state median of $183,391.
Why Live in Oakley, MI?
Oakley offers affordable housing with a median home value of $80,400, below the US average of $244,900, and rent that’s lower than the national average at $745/month.
Potential considerations include median household income ($50,417) that falls below the national average. However, Oakley’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oakley has a population of 255 with a median age of 44.9 years. Compare Oakley with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Oakley
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Grand Marais | 255 | $55,809 | $158,500 | Compare |
| Walloon Lake | 258 | $84,250 | $260,000 | Compare |
| Applegate | 251 | $62,667 | $93,800 | Compare |
| St. James | 259 | $82,708 | $275,000 | Compare |
| Lincoln | 250 | $31,771 | $127,800 | Compare |
| Mohawk | 260 | $46,397 | $176,400 | Compare |
| Rockland | 250 | $45,156 | $58,300 | Compare |
| Amasa | 262 | $35,536 | $56,900 | 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.
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Frequently Asked Questions about Oakley
What is the population of Oakley, MI?
The population of Oakley, MI is 255 according to the latest Census data.
What is the median household income in Oakley?
The median household income in Oakley, MI is $50,417 per year.
What is the median home value in Oakley?
The median home value in Oakley, MI is $80,400.
What is the average rent in Oakley?
The median monthly rent in Oakley, MI is $745.
What is the unemployment rate in Oakley?
The unemployment rate in Oakley, MI is 9.2%.