In 2022, the population of Oakwood was 72, a 1.37% decrease year-by-year from 2021. Previously, in 2021, Oakwood's population was 73, a decline of 1.35% compared to a population of 74 in 2020.
The median age in Oakwood, OK is 65.9, as per 2021 ACS 5-Year Estimates. Of the total population, 2.74% were under the age of 15, 12.33% aged 15 to 29, 30.14% aged 30 to 64, 50.68% aged 65 to 84, and 4.11% were 85 years of age and older.