Oakwood Hills, Illinois Demographics & Population 2026
During the 2020–2024 ACS period, Oakwood Hills, Illinois had a total population of 2,416, the 468th largest village in Illinois, with a median household income of $109,907, which is 32% higher than the state average. The poverty rate is 2.9%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 32% above the state average — one of the wealthiest communities in Illinois.
- An exceptionally low poverty rate of 2.9% — among the lowest in Illinois.
Oakwood Hills Quick Facts
How Oakwood Hills Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 2,454 | 2,416 | -1.5% |
| Median household income | $113,125 | $109,907 | -2.8% |
| Median home value | $273,200 | $282,300 | +3.3% |
How Oakwood Hills Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Oakwood Hills Rankings in Illinois
Explore Illinois Rankings
Other Cities in McHenry County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Crystal Lake | 40,579 | $108,418 | 6.8% | $311,400 |
| Lake in the Hills | 28,800 | $117,151 | 4.1% | $321,900 |
| McHenry | 28,074 | $86,315 | 4.7% | $266,500 |
| Woodstock | 26,147 | $82,758 | 6.0% | $245,700 |
| Cary | 17,923 | $113,026 | 4.8% | $309,800 |
| Harvard | 9,598 | $67,617 | 11.8% | $175,400 |
| Marengo | 7,040 | $73,523 | 15.7% | $229,900 |
| Johnsburg | 6,386 | $121,023 | 12.1% | $328,300 |
| Spring Grove | 5,917 | $134,210 | 1.4% | $398,400 |
| Lakewood | 4,707 | $173,625 | 3.5% | $552,600 |
Cities Similar to Oakwood Hills
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Fox Lake Hills | 2,399 | $111,964 | $245,000 | 29.8% | 3.2% |
| Lake Summerset | 2,364 | $108,355 | $237,300 | 30.5% | 3.0% |
| Aviston | 2,387 | $117,875 | $244,800 | 42.3% | 4.1% |
| Heyworth | 2,573 | $96,500 | $210,600 | 30.9% | 6.1% |
| Seneca | 2,450 | $86,830 | $227,500 | 14.9% | 22.2% |
Population Overview
Oakwood Hills is a small community located in Illinois, within McHenry County. The total population is 2,416. It ranks as the 468th most populous out of 1,445 Census-designated places in Illinois.
Age Demographics
The median age in Oakwood Hills is 40.2 years. This is 3% higher than the state median of 39.0 years.
Economy, Income & Housing
The median household income in Oakwood Hills is $109,907. This is 32% higher than the state median of $83,390. It is also 36% higher than the national median of $80,734. The poverty rate stands at 2.9%. This is 76% lower than the state poverty rate of 11.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 4.4%. This is 24% lower than the state rate of 5.8%. The median home value is $282,300. Housing costs are 7% higher than the state median of $263,300. With a home-value-to-income ratio of just 2.6x, Oakwood Hills is one of the most affordable housing markets in the area. 91.5% of occupied housing units are owner-occupied. This homeownership rate is 36% higher than the state average of 67.1%.
Race & Ethnicity
The largest racial or ethnic group in Oakwood Hills is White (non-Hispanic), making up 73.6% of the population. Hispanic or Latino residents account for 18.5%. The Black or African American population (0.9%) is well below the state average of 13.3%. The Asian population (2.2%) is well below the state average of 5.9%.
Education
37.6% of residents aged 25 and older hold a bachelor's degree or higher. This is about the same as the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.2%.
Data Sources & Methodology
All demographic data for Oakwood Hills, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
Free data download: Get all Illinois city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Oakwood Hills, Illinois?
Oakwood Hills, Illinois has a population of 2,416 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Oakwood Hills, IL?
The median household income in Oakwood Hills is $109,907, which is 36% higher than the national median of $80,734.
What is the poverty rate in Oakwood Hills, IL?
The poverty rate in Oakwood Hills is 2.9%. This means approximately 69 residents live below the federal poverty line.
What is the racial makeup of Oakwood Hills, Illinois?
Oakwood Hills's population is 73.6% White, 0.9% Black, 18.5% Hispanic/Latino, and 2.2% Asian.
What is the median home value in Oakwood Hills, IL?
The median home value in Oakwood Hills is $282,300. The home-value-to-income ratio is 2.6x.
How educated is Oakwood Hills, Illinois?
37.6% of adults (25+) in Oakwood Hills hold a bachelor's degree or higher, and 12.8% hold a graduate or professional degree.