Oakland, MO
Population 1,619 · Missouri
About Oakland, MO
Oakland is a small town located in Missouri with a population of 1,619 residents according to the latest US Census Bureau American Community Survey data. The median household income is $118,438 per year, which is 58% above the national median of $75,149. The median age of 52.5 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 Oakland features a median home value of $381,900, which is 56% above the national median of $244,900. This places Oakland in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,063, 77% above the national average of $1,163/month. Of the 630 total housing units, 76% are owner-occupied (458 units) and 24% are renter-occupied (146 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Oakland shows an unemployment rate of 7.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 4.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Oakland have an average one-way commute time of 18.7 minutes, one of the shorter commutes in the region.
Education & Demographics
58.1% of Oakland residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.7% White, 0.1% Hispanic or Latino, 0.2% Black or African American, and 0.3% Asian residents, with 2.4% of the population being foreign-born.
How Oakland Ranks in Missouri
Cost of Living in Oakland, MO
Compared to national averages, Oakland has a median household income of $118,438 (58% above the national median of $75,149). Home values average $381,900, which is 56% above the national median. Monthly rent at $2,063 is 77% above the US average of $1,163. Within Missouri, Oakland's income is 94% above the state average of $61,047, and home values are 153% above the state median of $150,786.
Why Live in Oakland, MO?
Oakland offers a strong local economy with a median household income of $118,438, well above the national average, and a well-educated community where 58.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.1%, better than the national average. Additionally, the city features short commute times averaging just 18.7 minutes.
Potential considerations include a competitive housing market where the typical home costs $381,900. However, Oakland’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oakland has a population of 1,619 with a median age of 52.5 years. Compare Oakland with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Oakland
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Salisbury | 1,629 | $53,144 | $90,900 | Compare |
| Senath | 1,578 | $38,304 | $92,700 | Compare |
| Cedar Hill | 1,568 | $66,076 | $180,300 | Compare |
| St. George | 1,568 | $72,974 | $149,800 | Compare |
| Gower | 1,677 | $80,057 | $189,900 | Compare |
| Bismarck | 1,560 | $41,550 | $108,000 | Compare |
| Noel | 1,679 | $39,196 | $117,000 | Compare |
| Fair Grove | 1,551 | $71,447 | $189,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
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, MO?
The population of Oakland, MO is 1,619 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Missouri.
What is the median household income in Oakland?
The median household income in Oakland, MO is $118,438 per year, which is 58% above the national median of $75,149.
What is the median home value in Oakland?
The median home value in Oakland, MO is $381,900, which is 56% above 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, MO is $2,063, which is 77% above the national average of $1,163/month.
What is the unemployment rate in Oakland?
The unemployment rate in Oakland, MO is 7.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Oakland, MO a good place to live?
Oakland offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,619 and a median age of 52.5, the city appeals to established professionals and retirees.
How educated is Oakland, MO?
58.1% of residents in Oakland 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 Oakland?
Key cost-of-living indicators for Oakland, MO: median home value is $381,900 (56% above national), median rent is $2,063/month, and median household income is $118,438. 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, MO is 4.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Oakland, MO?
Oakland's population is 2.7% White, 0.1% Hispanic or Latino, 0.2% Black or African American, 0.3% Asian, and 1.9% two or more races. 2.4% of residents are foreign-born.