Oscoda, MI
Population 757 · Michigan
About Oscoda, MI
Oscoda is a small community located in Michigan with a population of 757 residents according to the latest US Census Bureau American Community Survey data. The median household income is $37,188 per year, which is 51% below the national median of $75,149. The median age of 54.5 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 Oscoda features a median home value of $71,800, which is 71% below the national median of $244,900. This makes Oscoda one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 585 total housing units, 78% are owner-occupied (301 units) and 22% are renter-occupied (86 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Oscoda shows an unemployment rate of 7.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 14.4%, above the national average of 12.4%. Workers in Oscoda have an average one-way commute time of 10.5 minutes, one of the shorter commutes in the region.
Education & Demographics
20.6% of Oscoda 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 1.2% White, 8.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.2% of the population being foreign-born.
How Oscoda Ranks in Michigan
Cost of Living in Oscoda, MI
Compared to national averages, Oscoda has a median household income of $37,188 (51% below the national median of $75,149). Home values average $71,800, which is 71% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Oscoda's income is 44% below the state average of $66,017, and home values are 61% below the state median of $183,391.
Why Live in Oscoda, MI?
Oscoda offers affordable housing with a median home value of $71,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 10.5 minutes.
Potential considerations include median household income ($37,188) that falls below the national average. However, Oscoda’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oscoda has a population of 757 with a median age of 54.5 years. Compare Oscoda with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Oscoda
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Metamora | 761 | $84,453 | $264,500 | Compare |
| Saugatuck | 751 | $118,309 | $619,400 | Compare |
| Hillman | 750 | $41,000 | $93,200 | Compare |
| Vermontville | 767 | $53,750 | $124,100 | Compare |
| Lakeport | 746 | $55,167 | $172,000 | Compare |
| Sanford | 743 | $69,667 | $165,800 | Compare |
| Elkton | 775 | $47,717 | $84,500 | Compare |
| Benzonia | 735 | $61,161 | $195,800 | 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 Oscoda With Other Cities
Frequently Asked Questions about Oscoda
What is the population of Oscoda, MI?
The population of Oscoda, MI is 757 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Oscoda?
The median household income in Oscoda, MI is $37,188 per year, which is 51% below the national median of $75,149.
What is the median home value in Oscoda?
The median home value in Oscoda, MI is $71,800, which is 71% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oscoda?
The median monthly rent in Oscoda, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Oscoda?
The unemployment rate in Oscoda, MI is 7.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Oscoda, MI a good place to live?
Oscoda offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 757 and a median age of 54.5, the city appeals to established professionals and retirees.
How educated is Oscoda, MI?
20.6% of residents in Oscoda 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 Oscoda?
Key cost-of-living indicators for Oscoda, MI: median home value is $71,800 (71% below national), median rent is $0/month, and median household income is $37,188. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Oscoda?
The poverty rate in Oscoda, MI is 14.4%, 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 Oscoda, MI?
Oscoda's population is 1.2% White, 8.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.5% two or more races. 1.2% of residents are foreign-born.