Oacoma, SD
Population 505 · South Dakota
About Oacoma, SD
Oacoma is a small community located in South Dakota with a population of 505 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,250 per year, which is 7% below the national median of $75,149. The median age of 45.8 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 Oacoma features a median home value of $165,800, which is 32% below the national median of $244,900. This positions Oacoma in a moderately priced market relative to the rest of the country. Median monthly rent is $847, 27% below the national average of $1,163/month. Of the 269 total housing units, 79% are owner-occupied (175 units) and 21% are renter-occupied (46 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Oacoma shows an unemployment rate of 5.2%, which is near the national rate of 3.7%. The poverty rate stands at 4.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Oacoma have an average one-way commute time of 14.2 minutes, one of the shorter commutes in the region.
Education & Demographics
21.3% of Oacoma 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, 1.6% Hispanic or Latino, 0.0% Black or African American, and 2.8% Asian residents, with 2.6% of the population being foreign-born.
Cost of Living in Oacoma, SD
Compared to national averages, Oacoma has a median household income of $70,250 (7% below the national median of $75,149). Home values average $165,800, which is 32% below the national median. Monthly rent at $847 is 27% below the US average of $1,163. Within South Dakota, Oacoma's income is 9% above the state average of $64,650, and home values are 15% above the state median of $143,757.
Why Live in Oacoma, SD?
Oacoma offers affordable housing with a median home value of $165,800, below the US average of $244,900, and rent that’s lower than the national average at $847/month, and a low poverty rate of 4.8%, better than the national average. Additionally, the city features short commute times averaging just 14.2 minutes.
Potential considerations include median household income ($70,250) that falls below the national average. However, Oacoma’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oacoma has a population of 505 with a median age of 45.8 years. Compare Oacoma with other cities to see how it stacks up, or explore all cities in South Dakota.
Similar Cities Near Oacoma
Cities in South Dakota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Montrose | 514 | $86,000 | $216,700 | Compare |
| Prairiewood Village | 496 | $118,681 | $443,500 | Compare |
| Newell | 494 | $52,277 | $120,100 | Compare |
| Warner | 494 | $114,375 | $231,600 | Compare |
| Philip | 491 | $43,750 | $102,800 | Compare |
| Irene | 521 | $59,091 | $87,100 | Compare |
| Boulder Canyon | 487 | $71,846 | $510,400 | Compare |
| Wounded Knee | 484 | $2,499 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in South Dakota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Oacoma With Other Cities
Frequently Asked Questions about Oacoma
What is the population of Oacoma, SD?
The population of Oacoma, SD is 505 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in South Dakota.
What is the median household income in Oacoma?
The median household income in Oacoma, SD is $70,250 per year, which is 7% below the national median of $75,149.
What is the median home value in Oacoma?
The median home value in Oacoma, SD is $165,800, which is 32% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oacoma?
The median monthly rent in Oacoma, SD is $847, which is 27% below the national average of $1,163/month.
What is the unemployment rate in Oacoma?
The unemployment rate in Oacoma, SD is 5.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Oacoma, SD a good place to live?
Oacoma offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 505 and a median age of 45.8, the city appeals to established professionals and retirees.
How educated is Oacoma, SD?
21.3% of residents in Oacoma 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 Oacoma?
Key cost-of-living indicators for Oacoma, SD: median home value is $165,800 (32% below national), median rent is $847/month, and median household income is $70,250. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Oacoma?
The poverty rate in Oacoma, SD is 4.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Oacoma, SD?
Oacoma's population is 0.0% White, 1.6% Hispanic or Latino, 0.0% Black or African American, 2.8% Asian, and 0.0% two or more races. 2.6% of residents are foreign-born.