Oaktown, Indiana Demographics & Population 2026

Name: Oaktown, Indiana Demographics
Creator: U.S. Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

During the 2020–2024 ACS period, Oaktown, Indiana had a total population of 860, the 384th largest town in Indiana, with a median household income of $38,333, which is 47% lower than the state average. The poverty rate is 3.6%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Household income is 47% below the state average, indicating significant economic challenges.
An exceptionally low poverty rate of 3.6% — among the lowest in Indiana.
Only 4.6% of adults have a bachelor's degree, well below the national average of 35.7%.
Housing is very affordable with a home-value-to-income ratio of just 1.7x.
Near full employment with an unemployment rate of just 1.7%.

Oaktown Quick Facts

Population 860

Median Household Income $38,333

Median Home Value $65,200

Poverty Rate 3.6%

Unemployment Rate 1.7%

Median Age 48.7 years

Homeownership Rate 59.3%

Affordability Ratio 1.7x

Bachelor's Degree or Higher 4.6%

High School Graduation Rate 72.2%

Diversity Index 11/100

Population 860 384th of 967

Median Income $38,333 bottom 10%

Poverty Rate 3.6% 71% lower than national

Median Home Value $65,200 bottom 10%

How Oaktown 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	724	860	+18.8%
Median household income	$30,417	$38,333	+26.0%
Median home value	$67,700	$65,200	-3.7%

How Oaktown Compares

Median Household Income

Oaktown

$38,333

$71,957

National

$80,734

Median Home Value

Oaktown

$65,200

$218,200

National

$332,700

Economy & Housing

Household Income Distribution

Under $25K 32.2%

$25K-$50K 29.6%

$50K-$100K 22.9%

$100K+ 15.2%

Detailed income brackets

Under $10K

0.5%

$10K-$15K

1.6%

$15K-$20K

4.9%

$20K-$25K

25.3%

$25K-$30K

3.1%

$30K-$35K

14.4%

$35K-$40K

0.8%

$40K-$45K

1.3%

$45K-$50K

10.1%

$50K-$60K

3.9%

$60K-$75K

9.5%

$75K-$100K

9.5%

$100K-$125K

8.3%

$125K-$150K

5.9%

$150K-$200K

0.5%

$200K+

0.5%

Employment

1.7% Unemployment Rate State: 4.3%|National: 5.2%

49.9% Labor Force Participation

Housing Overview

Owner 59.3%

Renter 40.7%

Affordability Index Very Affordable

1.7x home value to income ratio

Median gross rent $697/mo 21.8% of median household income annually

People & Demographics

Age Distribution

Under 18

16.5%

18-34

15.0%

35-54

27.6%

55-74

29.3%

75+

11.6%

Race & Ethnicity

Diversity Index

Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Educational Attainment (Adults 25+)

Oaktown Rankings in Indiana

#384 Population of 967

#765 Median Income of 796

#789 Education of 966

#795 Home Value of 818

Explore Indiana Rankings

Cities by Population All cities ranked by size Richest Cities Ranked by median income Most Educated By bachelor's degree rate Most Affordable By housing affordability

Other Cities in Knox County

City	Population	Median Income	Poverty	Home Value
Vincennes	16,586	$53,637	19.6%	$111,600
Bicknell	3,017	$52,188	14.2%	$66,300
Freelandville	807	$70,236	12.8%	$92,000
Monroe City	767	$56,094	28.7%	$144,800
Bruceville	446	$55,000	12.1%	$92,700
Wheatland	349	$42,344	14.9%	$83,300
Sandborn	339	$61,125	6.2%	$94,400
Edwardsport	337	$51,667	15.2%	$58,800
Decker	174	N/A	12.1%	$34,700
Ragsdale	88	$27,708	77.3%	$63,900

Cities Similar to Oaktown

These cities in the same state have comparable population and economic profiles.

City	Population	Median Income	Home Value	Bachelor's+	Poverty
Lynn	943	$38,438	$83,900	7.2%	14.1%
Shipshewana	822	$43,594	$275,800	9.7%	11.1%
Walton	827	$45,660	$98,600	9.6%	20.8%
Marengo	924	$43,654	$96,300	4.6%	22.7%
La Fontaine	837	$49,464	$96,300	18.7%	9.8%

A note before these figures: with a population of 860, Oaktown's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Oaktown is a small community located in Indiana, within Knox County. The total population is 860. It ranks as the 384th most populous out of 967 Census-designated places in Indiana.

Age Demographics

The median age in Oaktown is 48.7 years. This is 28% higher than the state median of 38.1 years. 11.6% 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 is $38,333. This is 47% lower than the state median of $71,957. It is also 53% lower than the national median of $80,734. The poverty rate stands at 3.6%. This is 70% lower than the state poverty rate of 12.3%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 1.7%. This is 61% lower than the state rate of 4.3%. The median home value is $65,200. Housing costs are 70% lower than the state median of $218,200. With a home-value-to-income ratio of just 1.7x, Oaktown is one of the most affordable housing markets in the area. 59.3% of occupied housing units are owner-occupied. This homeownership rate is 16% lower than the state average of 70.5%.

Race & Ethnicity

Oaktown has a predominantly White (non-Hispanic) population, comprising 94.4% of all residents. Hispanic or Latino residents account for 3.1%. The Hispanic or Latino population (3.1%) is well below the state average of 8.6%.

Education

4.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 84% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 72.2%.

Data Sources & Methodology

All demographic data for Oaktown, Indiana 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 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Oaktown, Indiana?

Oaktown, Indiana has a population of 860 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Oaktown, IN?

The median household income in Oaktown is $38,333, which is 53% lower than the national median of $80,734.

What is the poverty rate in Oaktown, IN?

The poverty rate in Oaktown is 3.6%. This means approximately 30 residents live below the federal poverty line.

What is the racial makeup of Oaktown, Indiana?

Oaktown's population is 94.4% White, 0.0% Black, 3.1% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Oaktown, IN?

The median home value in Oaktown is $65,200. The home-value-to-income ratio is 1.7x.

How educated is Oaktown, Indiana?

4.6% of adults (25+) in Oaktown hold a bachelor's degree or higher, and 1.4% hold a graduate or professional degree.