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The total population of North Oaks is estimated to be 5,193 with 2,468 males (47.53%) and 2,725 females (52.47%). There are 257 more females than males in North Oaks.
The median household income in North Oaks was $238,731 in 2021, which marked an an increase of 352(0.15%) from $238,379 in 2020. This income is 319.99% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, North Oaks sees its highest median household income among householders in the age group of 25 to 44 years old, at $270,229. Overall, the median household income for the city of North Oaks stands at $238,731.
In North Oaks, the median income for all workers aged 15 years and older, regardless of work hours, was $149,760 for males and $33,998 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $220,077 for males and $175,348 for females.
In North Oaks, there are just two different racial groups among households. Among these, Asian households report a median household income of $270,229, while White households have a median household income of $239,212.
In 2022, the population of North Oaks was 5,083, a 1.72% decrease year-by-year from 2021. Previously, in 2021, North Oaks's population was 5,172, a decline of 1.93% compared to a population of 5,274 in 2020.
The median age in North Oaks, MN is 49.3, as per 2021 ACS 5-Year Estimates. Of the total population, 20.71% were under the age of 15, 9.51% aged 15 to 29, 40.01% aged 30 to 64, 24.06% aged 65 to 84, and 5.71% were 85 years of age and older.
Racial distribution of North Oaks population: 89.28% are White, 0.06% are Black or African American, 0.37% are American Indian and Alaska Native, 8.78% are Asian, 0.27% are some other race and 1.25% are multiracial.