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The total population of Oakwood is estimated to be 1,350 with 599 males (44.37%) and 751 females (55.63%). There are 152 more females than males in Oakwood.
The median household income in Oakwood was $49,114 in 2021, which marked an a decrease of 2,559(4.95%) from $51,673 in 2020. This income is 65.83% 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 25 to 44 years old, at $84,498. Overall, the median household income for the village of Oakwood stands at $49,114.
In Oakwood, the median income for all workers aged 15 years and older, regardless of work hours, was $44,910 for males and $28,037 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $60,126 for males and $41,242 for females.
In Oakwood, population is primarily represented by White households, reporting a median income of $49,114.
In 2022, the population of Oakwood was 1,295, a 1.22% decrease year-by-year from 2021. Previously, in 2021, Oakwood's population was 1,311, a decline of 0.91% compared to a population of 1,323 in 2020.
The median age in Oakwood, IL is 33.7, as per 2021 ACS 5-Year Estimates. Of the total population, 23.17% were under the age of 15, 23.66% aged 15 to 29, 30.70% aged 30 to 64, 21.83% aged 65 to 84, and 0.63% were 85 years of age and older.
Racial distribution of Oakwood population: 97.18% are White, 0.42% are Black or African American and 2.39% are multiracial.