Oakland, NJ
Population 12,700 · New Jersey
About Oakland, NJ
Oakland is a mid-sized city in New Jersey with a population of 12,700 residents. The median household income is $162,862 per year, which is above the national average. The median age in Oakland is 41.9 years.
Housing in Oakland has a median home value of $567,200 and median monthly rent of $1,462. Of the 4,687 total housing units, the majority are owner-occupied, with 4,033 owner-occupied and 362 renter-occupied units.
The unemployment rate in Oakland is 4.9% and the poverty rate is 3.2%. 54.4% of residents hold a bachelor's degree or higher. The average commute time is 30.2 minutes.
Cost of Living in Oakland, NJ
Compared to national averages, Oakland has a median household income of $162,862 (117% above the national median of $75,149). Home values average $567,200, which is 132% above the national median. Monthly rent at $1,462 is 26% above the US average of $1,163. Within New Jersey, Oakland's income is 41% above the state average of $115,667, and home values are 21% above the state median of $469,644.
Why Live in Oakland, NJ?
Oakland offers a strong local economy with a median household income of $162,862, well above the national average, and a well-educated community where 54.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $567,200. However, Oakland’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oakland has a population of 12,700 with a median age of 41.9 years. Compare Oakland with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Oakland
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Red Bank | 12,864 | $101,738 | $477,000 | Compare |
| Freehold | 12,504 | $82,183 | $401,900 | Compare |
| Holiday City-Berkeley | 12,896 | $47,855 | $237,200 | Compare |
| Haddonfield | 12,502 | $190,882 | $708,800 | Compare |
| Somerville | 12,958 | $103,869 | $403,600 | Compare |
| Fords | 13,052 | $116,250 | $414,100 | Compare |
| Upper Montclair | 12,279 | $250,001 | $968,200 | Compare |
| Florham Park | 13,134 | $147,714 | $722,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Oakland
What is the population of Oakland, NJ?
The population of Oakland, NJ is 12,700 according to the latest Census data.
What is the median household income in Oakland?
The median household income in Oakland, NJ is $162,862 per year.
What is the median home value in Oakland?
The median home value in Oakland, NJ is $567,200.
What is the average rent in Oakland?
The median monthly rent in Oakland, NJ is $1,462.
What is the unemployment rate in Oakland?
The unemployment rate in Oakland, NJ is 4.9%.