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The total population of Oakwood is estimated to be 5,132 with 2,366 males (46.10%) and 2,766 females (53.90%). There are 400 more females than males in Oakwood.
The median household income in Oakwood was $57,699 in 2021, which marked an an increase of 7,666(15.32%) from $50,033 in 2020. This income is 77.34% 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, Oakwood sees its highest median household income among householders in the age group of under 25 years old, at $75,905. Overall, the median household income for the city of Oakwood stands at $57,699.
In Oakwood, the median income for all workers aged 15 years and older, regardless of work hours, was $42,379 for males and $29,329 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $44,385 for males and $46,835 for females.
In Oakwood, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Black or African American households have the highest median household income at $63,504, while Two or More Races households represent the opposite end with the lowest median household income of $41,345.
In 2022, the population of Oakwood was 5,975, a 11.00% increase year-by-year from 2021. Previously, in 2021, Oakwood's population was 5,383, an increase of 10.76% compared to a population of 4,860 in 2020.
The median age in Oakwood, GA is 30.4, as per 2021 ACS 5-Year Estimates. Of the total population, 23.72% were under the age of 15, 25.10% aged 15 to 29, 42.20% aged 30 to 64, 8.18% aged 65 to 84, and 0.80% were 85 years of age and older.
Racial distribution of Oakwood population: 54.23% are White, 13.60% are Black or African American, 0.35% are American Indian and Alaska Native, 5.65% are Asian, 0.29% are Native Hawaiian and other Pacific Islander, 17.41% are some other race and 8.47% are multiracial.