Is Oakville a Good Place to Live?
Based on current data, Oakville receives an overall livability score of 2.8 out of 5.0, earning a grade of C+. Key strengths include above-average household incomes, a low poverty rate. Areas to be aware of include high housing costs, above-average unemployment. Oakville has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Oakville is $128,000, which is significantly higher than the national average — 70% above $75,149. This places Oakville among higher-income communities. At 11.7%, unemployment is notably high. 8.6% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 30 minutes.
Cost of Living & Housing
The median home value in Oakville is $1,200,000, making it a premium housing market at 326% above the U.S. median of $281,900. Renters pay a median of $2,040 per month, significantly above the national average of $1,163. With a home price-to-income ratio of 9.4x, housing affordability is a significant challenge for many families.
Education
29.6% of residents hold a bachelor's degree, below the national average of 33.7%. 21.3% have completed high school.
Climate & Weather
Oakville experiences four distinct seasons with an average temperature of 49°F. Winters average 25°F in January while summers reach 72°F in July. Annual precipitation totals 34.4 inches, including 42.0 inches of snow.