Oakwood, PA
Population 2,263 · Pennsylvania
About Oakwood, PA
Oakwood is a small town located in Pennsylvania with a population of 2,263 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,273 per year, which is 4% below the national median of $75,149. The median age of 45 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 Oakwood features a median home value of $112,500, which is 54% below the national median of $244,900. This makes Oakwood one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,261, 8% above the national average of $1,163/month. Of the 964 total housing units, 94% are owner-occupied (829 units) and 6% are renter-occupied (55 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Oakwood shows an unemployment rate of 5.1%, which is near the national rate of 3.7%. The poverty rate stands at 9.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Oakwood have an average one-way commute time of 20.6 minutes.
Education & Demographics
21.4% of Oakwood 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 0.0% White, 2.1% Hispanic or Latino, 0.3% Black or African American, and 0.0% Asian residents, with 0.6% of the population being foreign-born.
Cost of Living in Oakwood, PA
Compared to national averages, Oakwood has a median household income of $72,273 (4% below the national median of $75,149). Home values average $112,500, which is 54% below the national median. Monthly rent at $1,261 is 8% above the US average of $1,163. Within Pennsylvania, Oakwood's income is 2% below the state average of $73,376, and home values are 41% below the state median of $190,903.
Why Live in Oakwood, PA?
Oakwood offers affordable housing with a median home value of $112,500, below the US average of $244,900, and a low poverty rate of 9.0%, better than the national average, and short commute times averaging just 20.6 minutes.
Potential considerations include median household income ($72,273) that falls below the national average. However, Oakwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oakwood has a population of 2,263 with a median age of 45 years. Compare Oakwood with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Oakwood
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Melrose Park | 2,273 | $154,946 | $427,400 | Compare |
| Messiah College | 2,273 | $0 | $0 | Compare |
| McDonald | 2,277 | $56,369 | $152,400 | Compare |
| Trucksville | 2,284 | $61,750 | $202,400 | Compare |
| Sand Hill | 2,288 | $86,696 | $204,300 | Compare |
| Marcus Hook | 2,236 | $50,952 | $108,000 | Compare |
| New Wilmington | 2,291 | $57,159 | $204,300 | Compare |
| Spring Mount | 2,292 | $97,596 | $243,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Oakwood With Other Cities
Frequently Asked Questions about Oakwood
What is the population of Oakwood, PA?
The population of Oakwood, PA is 2,263 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Oakwood?
The median household income in Oakwood, PA is $72,273 per year, which is 4% below the national median of $75,149.
What is the median home value in Oakwood?
The median home value in Oakwood, PA is $112,500, which is 54% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oakwood?
The median monthly rent in Oakwood, PA is $1,261, which is 8% above the national average of $1,163/month.
What is the unemployment rate in Oakwood?
The unemployment rate in Oakwood, PA is 5.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Oakwood, PA a good place to live?
Oakwood offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,263 and a median age of 45, the city appeals to a broad range of residents.
How educated is Oakwood, PA?
21.4% of residents in Oakwood 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 Oakwood?
Key cost-of-living indicators for Oakwood, PA: median home value is $112,500 (54% below national), median rent is $1,261/month, and median household income is $72,273. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Oakwood?
The poverty rate in Oakwood, PA is 9.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Oakwood, PA?
Oakwood's population is 0.0% White, 2.1% Hispanic or Latino, 0.3% Black or African American, 0.0% Asian, and 5.8% two or more races. 0.6% of residents are foreign-born.