Oakwood, Ohio Demographics & Population 2026
During the 2020–2024 ACS period, Oakwood, Ohio had a total population of 9,458, the 197th largest city in Ohio, with a median household income of $156,667, which is 119% higher than the state average. The poverty rate is 2.7%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 119% above the state average — one of the wealthiest communities in Ohio.
- An exceptionally low poverty rate of 2.7% — among the lowest in Ohio.
- 74.5% of adults hold a bachelor's degree or higher — top 10% in Ohio.
- Housing is very affordable with a home-value-to-income ratio of just 2.4x.
- Near full employment with an unemployment rate of just 2.3%.
Oakwood Quick Facts
How Oakwood 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 | 9,480 | 9,458 | -0.2% |
| Median household income | $158,968 | $156,667 | -1.4% |
| Median home value | $350,100 | $370,100 | +5.7% |
How Oakwood 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
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+)
Oakwood Rankings in Ohio
Explore Ohio Rankings
Other Cities in Montgomery County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Dayton | 136,579 | $45,247 | 26.9% | $100,600 |
| Kettering | 57,206 | $74,681 | 8.3% | $208,500 |
| Huber Heights | 43,455 | $79,131 | 9.6% | $177,300 |
| Centerville | 25,205 | $85,492 | 8.6% | $287,200 |
| Riverside | 24,435 | $61,352 | 15.3% | $147,800 |
| Trotwood | 23,041 | $50,113 | 21.5% | $113,200 |
| Springboro | 19,980 | $119,659 | 2.8% | $357,800 |
| Miamisburg | 19,948 | $82,900 | 11.8% | $231,300 |
| Vandalia | 15,053 | $73,275 | 9.0% | $197,000 |
| Englewood | 13,356 | $80,030 | 6.4% | $182,800 |
Cities Similar to Oakwood
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Madeira | 9,484 | $167,653 | $484,200 | 74.7% | 2.5% |
| Wyoming | 8,723 | $165,188 | $430,000 | 72.1% | 2.7% |
| Bainbridge | 8,623 | $144,167 | $446,600 | 63.7% | 3.0% |
| Beckett Ridge | 9,496 | $116,425 | $327,400 | 54.8% | 5.2% |
| Montgomery | 10,855 | $150,995 | $545,100 | 73.5% | 3.3% |
Population Overview
Oakwood is a small city located in Ohio, within Montgomery County. The total population is 9,458. It ranks as the 197th most populous out of 1,264 Census-designated places in Ohio.
Age Demographics
The median age in Oakwood is 40.9 years. This is 3% higher than the state median of 39.7 years. With 30.6% of the population under 18, Oakwood has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Oakwood is $156,667. This is 119% higher than the state median of $71,389. It is also 94% higher than the national median of $80,734. The poverty rate stands at 2.7%. This is 80% lower than the state poverty rate of 13.3%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.3%. This is 51% lower than the state rate of 4.8%. The median home value is $370,100. Housing costs are 72% higher than the state median of $214,800. With a home-value-to-income ratio of just 2.4x, Oakwood is one of the most affordable housing markets in the area. 82.1% of occupied housing units are owner-occupied. This homeownership rate is 22% higher than the state average of 67.2%.
Race & Ethnicity
Oakwood has a predominantly White (non-Hispanic) population, comprising 92.0% of all residents. Asian residents account for 2.0%. The Black or African American population (0.6%) is well below the state average of 12.0%. The Hispanic or Latino population (1.8%) is well below the state average of 4.8%.
Education
74.5% of residents aged 25 and older hold a bachelor's degree or higher. This places Oakwood in the top 10% of all cities in the state for educational attainment. This is 137% higher than the state rate of 31.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.3%. Notably, 41.9% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Oakwood, Ohio 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 Ohio state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,264 Census-designated places in Ohio. 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 Oakwood, Ohio?
Oakwood, Ohio has a population of 9,458 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Oakwood, OH?
The median household income in Oakwood is $156,667, which is 94% higher than the national median of $80,734.
What is the poverty rate in Oakwood, OH?
The poverty rate in Oakwood is 2.7%. This means approximately 254 residents live below the federal poverty line.
What is the racial makeup of Oakwood, Ohio?
Oakwood's population is 92.0% White, 0.6% Black, 1.8% Hispanic/Latino, and 2.0% Asian.
What is the median home value in Oakwood, OH?
The median home value in Oakwood is $370,100. The home-value-to-income ratio is 2.4x.
How educated is Oakwood, Ohio?
74.5% of adults (25+) in Oakwood hold a bachelor's degree or higher, and 41.9% hold a graduate or professional degree.