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CITY

Oakwood

Illinois · 1,274 residents (2025 est.) · 0.928 sq mi
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The short version

Oakwood has notably lower household income than the US average, with a median household income of $46,293. Population has declined 8% since 2000. 11% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has more than doubled since 2000, reaching $103,000. The poverty rate of 24.8% is well above the national figure. Households here earn about 44% less than the Illinois median.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 42.0
US median: 38.9
Less educated
11% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
1,380
−8%since 2000
from 1,502 in 2000
1990 – 2025
Population density
1,487 / sq mi
−8%since 2000
from 1,619 / sq mi in 2000
US average: 281
Median age
42.0
+16%since 2000
from 36.3 in 2000
US average: 38.9

PEP 2025 EST:1,274 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
1K1K2K2K2K1990201020202024Oakwood
20241K
1990201020202024
Section 02

Income & economy

Median household income
$46,293
−39%inflation adjusted, since 2000
from $41,477 in 2000
US average: $82,259
1990 – 2024
Per capita income
$27,797
+49%since 2000
from $18,655 in 2000
US average: $44,673
Households earning $100K+
29.8%
+14.8 ptssince 2009
from 15.0% in 2009
US average: 53.3%
Poverty rate
24.8%
+16.7 ptssince 2000
from 8.1% in 2000
US average: 12.5%
Income inequality (Gini)
0.453
+6%since 2010
from 0.426 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade22.2%
US avg: 9.9%
Information13.9%
US avg: 10.8%
Finance & insurance9.8%
US avg: 5.9%
Professional, scientific, technical9.8%
US avg: 5.1%
Wholesale trade3.5%
US avg: 6.9%
Other services2.3%
US avg: 6.7%
Agriculture, forestry, fishing2.1%
US avg: 1.6%
Construction2.1%
US avg: 1.2%
Transportation & warehousing1%
US avg: 2.2%
Public administration1%
US avg: 4.8%
Arts, entertainment, food0.8%
US avg: 1.9%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$103,000
+10%inflation adjusted, since 2000
from $51,600 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$695
−8%inflation adjusted, since 2000
from $413 in 2000
US average: $1,442
Owner-occupied
77.7%
−3.9 ptssince 2000
from 81.6% in 2000
22.3% rent
Vacancy rate
10.8%
+4.0 ptssince 2009
from 6.8% in 2009
US average: 10.0%
Owner cost-burdened
26.8%
+3.5 ptssince 2009
from 23.3% in 2009
US average: 22.9%
Renter cost-burdened
33.1%
−16.0 ptssince 2009
from 49.1% in 2009
US average: 47.4%
Afford Score
2.2
+79%since 2000
from 1.2 in 2000
1990 – 2024
Gentrification Score
31
RELATED:See current rent listings in Oakwood on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic98.8%(1,484)
Black0.1%(2)
Hispanic / Latino0.5%(8)
Asian0.1%(1)
Other0%
Diversity Score1.8%(27)
2024
White, non-Hispanic94%(1,297)
Black1.2%(16)
Hispanic / Latino1.4%(19)
Asian0%(0)
Other3.5%(48)
Diversity Score14.4%(199)
Diversity Score
14
+687%since 2000
from 2 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
10.5%
Unchangedsince 2000
from 10.5% in 2000
US average: 35.6%
High school or higher
95.7%
+9.8 ptssince 2000
from 85.9% in 2000
US average: 89.6%
Graduate degree
3.0%
−0.4 ptssince 2000
from 3.4% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
25.8 min
+91%since 2000
from 13.5 min in 2000
US average: 26.5
Drive alone to work
83.0%
−3.3 ptssince 2009
from 86.2% in 2009
US average: 68.9%
Carpooled to work
5.3%
−1.6 ptssince 2009
from 6.9% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
10.0%
+8.2 ptssince 2009
from 1.8% in 2009
US average: 15.0%
Walked to work
1.4%
−2.6 ptssince 2009
from 4.0% in 2009
US average: 2.4%
Biked to work
0.0%
−0.5 ptssince 2009
from 0.5% in 2009
US average: 0.4%
No vehicle available
4.4%
+2.5 ptssince 2009
from 1.9% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
2.3%
−8.1 ptssince 2011
from 10.3% in 2011
US average: 5.2%
Labor force participation
51.8%
−11.2 ptssince 2011
from 63.0% in 2011
US average: 63.5%
Self-employed
12.9%
+3.5 ptssince 2009
from 9.4% in 2009
US average: 13.1%
Management & professional
29.9%
−33.5 ptssince 2009
from 63.5% in 2009
US average: 42.5%
Section 08

People & community

Male
45.7%
−0.2 ptssince 2009
from 45.9% in 2009
Female
54.3%
+0.2 ptssince 2009
from 54.1% in 2009
Foreign born
0.4%
−0.1 ptssince 2009
from 0.4% in 2009
US average: 14.1%
Veterans
3.9%
−40.0 ptssince 2009
from 44.0% in 2009
US average: 6.2%
With a disability
16.9%
+5.9 ptssince 2012
from 11.0% in 2012
US average: 13.3%
Uninsured
3.2%
−91.5 ptssince 2013
from 94.7% in 2013
US average: 8.4%
Broadband at home
91.3%
+15.1 ptssince 2017
from 76.2% in 2017
US average: 91.0%
English only at home
98.6%
+4.4 ptssince 2016
from 94.2% in 2016
US average: 77.7%
Spanish at home
0.4%
−5.1 ptssince 2016
from 5.5% in 2016
US average: 13.6%
Drill deeper

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Head to head

Compare Oakwood to nearby cities

OAKWOOD VS
Danville
Income$45,957−1%
Home value$79,000−23%
Population28,138+2109%
SEE FULL COMPARISON →
OAKWOOD VS
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Income$45,346−2%
Home value$184,900+80%
Population39,719+3018%
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OAKWOOD VS
Rantoul
Income$48,691+5%
Home value$118,200+15%
Population11,991+841%
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OAKWOOD VS
Savoy
Income$91,966+99%
Home value$320,300+211%
Population9,113+615%
SEE FULL COMPARISON →
Frequently asked

How many people live in Oakwood, Illinois?

Oakwood, Illinois has about 1,380 residents according to the 2024 American Community Survey.

What is the median household income in Oakwood, Illinois?

The typical household in Oakwood, Illinois earns about $46,293 a year. Half of households make more than that, and half make less.

Is Oakwood, Illinois expensive?

In Oakwood, Illinois, the median home is worth about $103,000, and the typical rent is about $695 a month.

How educated are people in Oakwood, Illinois?

About 10.5% of adults age 25 and over in Oakwood, Illinois hold a bachelor's degree or higher.

What is the poverty rate in Oakwood, Illinois?

About 24.8% of people in Oakwood, Illinois live below the federal poverty line.

Has Oakwood, Illinois grown since 1990?

Yes, Oakwood, Illinois has shrunk since 1990. The population has lost about 157 residents, a change of about -10 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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