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Oakwood, Pennsylvania Demographics & Population 2026

Very AffordableHome value to income ratio of 1.7x is exceptionally low

During the 2020–2024 ACS period, Oakwood, Pennsylvania had a total population of 2,253, the 607th largest community in Pennsylvania, with a median household income of $71,583, which is 8% lower than the state average. The poverty rate is 4.8%.

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

Key Takeaways

Oakwood Quick Facts

Population 2,253
Median Household Income $71,583
Median Home Value $118,400
Poverty Rate 4.8%
Unemployment Rate 2.7%
Median Age 43.3 years
Homeownership Rate 96.0%
Affordability Ratio 1.7x
Bachelor's Degree or Higher 21.2%
High School Graduation Rate 95.9%
Diversity Index 23/100
Population 2,253 607th of 1,991
Median Income $71,583 average
Poverty Rate 4.8% 61% lower than national
Median Home Value $118,400 bottom 30%

How Oakwood Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population2,2632,253-0.4%
Median household income$72,273$71,583-1.0%
Median home value$112,500$118,400+5.2%

How Oakwood Compares

Economy & Housing

Household Income Distribution

Under $25K 8.3%
$25K-$50K 27.7%
$50K-$100K 31.8%
$100K+ 32.2%
Detailed income brackets
Under $10K
1.4%
$10K-$15K
0.4%
$15K-$20K
2.3%
$20K-$25K
4.2%
$25K-$30K
2.0%
$30K-$35K
11.7%
$35K-$40K
5.9%
$40K-$45K
7.7%
$45K-$50K
0.3%
$50K-$60K
7.5%
$60K-$75K
8.4%
$75K-$100K
15.9%
$100K-$125K
19.2%
$125K-$150K
4.3%
$150K-$200K
4.2%
$200K+
4.5%

Employment

2.7% Unemployment Rate State: 5.3%|National: 5.2%
60.9% Labor Force Participation

Housing Overview

Owner 96.0%
Renter 4.0%
Affordability Index Very Affordable
1.7x home value to income ratio
Median gross rent $850/mo 14.2% of median household income annually

People & Demographics

Diversity Index

23out of 100
Very Low Diversity

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

State average: 45 | National average: 61

Education

Oakwood Rankings in Pennsylvania

#607 Population of 1,991
#847 Median Income of 1,854
#1034 Education of 1,987
#1430 Home Value of 1,871

Other Cities in Lawrence County

CityPopulationMedian IncomePovertyHome Value
New Castle 21,579 $42,219 28.0% $77,400
New Wilmington 2,395 $73,696 8.5% $209,800
New Beaver 1,343 $61,417 6.6% $135,600
Oakland (Lawrence County) 1,330 $63,372 7.8% $125,800
New Castle Northwest 1,223 $72,500 7.8% $155,300
Ellport 1,127 $74,625 5.7% $165,100
West Pittsburg 909 $44,510 10.9% $106,900
Bessemer 881 $65,893 10.8% $122,700
New Bedford 813 $90,000 0.0% $204,400
South New Castle 712 $69,375 5.9% $104,100

Cities Similar to Oakwood

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Susquehanna Trails2,251$68,009$214,10024.6%5.4%
Messiah College2,329N/AN/A70.3%0.0%
Liberty (Allegheny County)2,320$73,786$115,60023.7%13.3%
Andalusia2,251$64,745$334,70019.9%7.2%
Hughesville2,274$64,917$208,70025.8%16.5%

Population Overview

Oakwood is a small community located in Pennsylvania, within Lawrence County. The total population is 2,253. It ranks as the 607th most populous out of 1,991 Census-designated places in Pennsylvania.

Age Demographics

The median age in Oakwood is 43.3 years. This is 6% higher than the state median of 40.9 years.

Economy, Income & Housing

The median household income in Oakwood is $71,583. This is 8% lower than the state median of $77,971. It is also 11% lower than the national median of $80,734. The poverty rate stands at 4.8%. This is 59% lower than the state poverty rate of 11.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.7%. This is 49% lower than the state rate of 5.3%. The median home value is $118,400. Housing costs are 53% lower than the state median of $254,500. With a home-value-to-income ratio of just 1.7x, Oakwood is one of the most affordable housing markets in the area. 96.0% of occupied housing units are owner-occupied. This homeownership rate is 39% higher than the state average of 69.3%.

Race & Ethnicity

Oakwood has a predominantly White (non-Hispanic) population, comprising 87.3% of all residents. Black or African American residents account for 4.6%. The Black or African American population (4.6%) is well below the state average of 10.3%. The Hispanic or Latino population (3.6%) is well below the state average of 8.7%. The Asian population (0.9%) is well below the state average of 3.8%.

Education

21.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 40% lower than the state rate of 35.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.9%.

Data Sources & Methodology

All demographic data for Oakwood, Pennsylvania 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 Pennsylvania state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,991 Census-designated places in Pennsylvania. 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, Pennsylvania?

Oakwood, Pennsylvania has a population of 2,253 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Oakwood, PA?

The median household income in Oakwood is $71,583, which is 11% lower than the national median of $80,734.

What is the poverty rate in Oakwood, PA?

The poverty rate in Oakwood is 4.8%. This means approximately 108 residents live below the federal poverty line.

What is the racial makeup of Oakwood, Pennsylvania?

Oakwood's population is 87.3% White, 4.6% Black, 3.6% Hispanic/Latino, and 0.9% Asian.

What is the median home value in Oakwood, PA?

The median home value in Oakwood is $118,400. The home-value-to-income ratio is 1.7x.

How educated is Oakwood, Pennsylvania?

21.2% of adults (25+) in Oakwood hold a bachelor's degree or higher, and 3.9% hold a graduate or professional degree.