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Oakley village, Michigan Demographics & Population 2026

Very AffordableHome value to income ratio of 1.6x is exceptionally low

As of 2026, Oakley village, Michigan has a total population of 255, the 651st largest city in Michigan, with a median household income of $50,417, which is 29% lower than the state average. The poverty rate is 19.2%.

Key Takeaways

Oakley village Quick Facts

Population 255
Median Household Income $50,417
Median Home Value $80,400
Poverty Rate 19.2%
Unemployment Rate 9.2%
Median Age 44.9 years
Homeownership Rate 75.4%
Affordability Ratio 1.6x
Bachelor's Degree or Higher 9.9%
High School Graduation Rate 86.0%
Diversity Index 15/100
Population 255 651st of 745
Median Income $50,417 bottom 30%
Poverty Rate 19.2% 55% higher national
Median Home Value $80,400 bottom 10%

How Oakley village Compares

Economy & Housing

Employment

9.2% Unemployment Rate State: 5.8% | National: 5.2%
54.0% Labor Force Participation

Housing Overview

Owner 75.4%
Renter 24.6%
Affordability Index Very Affordable
1.6x home value to income ratio

People & Demographics

Diversity Index

15out of 100
Very Low Diversity

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

State average: 44 | National average: 60

Education

Oakley village Rankings in Michigan

#651 Population of 745
#522 Median Income of 745
#621 Education of 745
#669 Home Value of 745

Cities Similar to Oakley village

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Riverdale CDP262N/A$85,50013.6%36.3%
Omer city247$48,750$89,1007.0%6.1%
Grand Marais CDP255$55,809$158,50037.2%0.0%
Mohawk CDP260$46,397$176,40024.2%17.3%
Bear Lake CDP245$53,750$143,10025.2%9.8%

Population Overview

Oakley village is a small community located in Michigan. The total population is 255. It ranks as the 651st most populous out of 745 cities and towns in Michigan.

Age Demographics

The median age in Oakley village is 44.9 years. This is 12% higher than the state median of 40.1 years.

Economy, Income & Housing

The median household income in Oakley village is $50,417. This is 29% lower than the state median of $71,149. Compared to the national median of $78,538, household income here is 36% lower. The poverty rate stands at 19.2%. This is 47% higher than the state poverty rate of 13.1%. The unemployment rate is 9.2%. This is 58% higher than the state rate of 5.8%. The median home value is $80,400. Housing costs are 63% lower than the state median of $217,600. With a home-value-to-income ratio of just 1.6x, Oakley village is one of the most affordable housing markets in the area. 75.4% of occupied housing units are owner-occupied. This homeownership rate is 3% higher than the state average of 72.9%.

Race & Ethnicity

Oakley village has a predominantly White (non-Hispanic) population, comprising 91.8% of all residents. Hispanic or Latino residents account for 2.8%. The Black or African American population (2.0%) is well below the state average of 13.2%. The Hispanic or Latino population (2.8%) is well below the state average of 5.7%.

Education

9.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 69% lower than the state rate of 31.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 86.0%.

Data Sources & Methodology

All demographic data for Oakley village, Michigan 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 Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Oakley village, Michigan?

Oakley village, Michigan has a population of 255 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Oakley village, MI?

The median household income in Oakley village is $50,417, which is 36% lower the national median of $78,538.

What is the poverty rate in Oakley village, MI?

The poverty rate in Oakley village is 19.2%. This means approximately 49 residents live below the federal poverty line.

What is the racial makeup of Oakley village, Michigan?

Oakley village's population is 91.8% White, 2.0% Black, 2.8% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Oakley village, MI?

The median home value in Oakley village is $80,400. The home-value-to-income ratio is 1.6x.

How educated is Oakley village, Michigan?

9.9% of adults (25+) in Oakley village hold a bachelor's degree or higher, and 2.9% hold a graduate or professional degree.