Oaktown town, Indiana Demographics & Population 2026
As of 2026, Oaktown town, Indiana has a total population of 724, the 433rd largest city in Indiana, with a median household income of $30,417, which is 57% lower than the state average. The poverty rate is 5.2%.
Key Takeaways
- Household income is 57% below the state average, indicating significant economic challenges.
- Only 3.1% of adults have a bachelor's degree, well below the national average of 35.0%.
- Housing is very affordable with a home-value-to-income ratio of just 2.2x.
- Near full employment with an unemployment rate of just 1.9%.
Oaktown town Quick Facts
How Oaktown town Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Oaktown town Rankings in Indiana
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Cities Similar to Oaktown town
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Mount Summit town | 742 | N/A | $211,000 | 18.5% | 8.8% |
| Pennville town | 666 | $36,607 | $75,000 | 5.3% | 25.6% |
| Pleasant View CDP | 590 | N/A | $277,800 | 39.3% | 6.1% |
| Carthage town | 754 | $42,500 | $88,900 | 5.6% | 30.6% |
| Shoals town | 700 | $43,304 | $114,300 | 12.8% | 22.1% |
Population Overview
Oaktown town is a small community located in Indiana. The total population is 724. It ranks as the 433rd most populous out of 967 cities and towns in Indiana.
Age Demographics
The median age in Oaktown town is 48.8 years. This is 28% higher than the state median of 38.0 years. Only 13.4% of residents are under 18, indicating fewer families with children. 10.8% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Oaktown town is $30,417. This is 57% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 61% lower. The poverty rate stands at 5.2%. This is 57% lower than the state poverty rate of 12.2%. The unemployment rate is 1.9%. This is 56% lower than the state rate of 4.3%. The median home value is $67,700. Housing costs are 66% lower than the state median of $201,600. With a home-value-to-income ratio of just 2.2x, Oaktown town is one of the most affordable housing markets in the area. 61.9% of occupied housing units are owner-occupied. This homeownership rate is 12% lower than the state average of 70.3%.
Race & Ethnicity
Oaktown town has a predominantly White (non-Hispanic) population, comprising 96.7% of all residents. Hispanic or Latino residents account for 2.5%. The Hispanic or Latino population (2.5%) is well below the state average of 8.4%.
Education
3.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 89% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 70.2%.
Data Sources & Methodology
All demographic data for Oaktown town, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Oaktown town, Indiana?
Oaktown town, Indiana has a population of 724 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Oaktown town, IN?
The median household income in Oaktown town is $30,417, which is 61% lower the national median of $78,538.
What is the poverty rate in Oaktown town, IN?
The poverty rate in Oaktown town is 5.2%. This means approximately 36 residents live below the federal poverty line.
What is the racial makeup of Oaktown town, Indiana?
Oaktown town's population is 96.7% White, 0.0% Black, 2.5% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Oaktown town, IN?
The median home value in Oaktown town is $67,700. The home-value-to-income ratio is 2.2x.
How educated is Oaktown town, Indiana?
3.1% of adults (25+) in Oaktown town hold a bachelor's degree or higher, and 0.9% hold a graduate or professional degree.