Is Oakwood a Good Place to Live?
Based on current data, Oakwood receives an overall livability score of 4.8 out of 5.0, earning a grade of A+. Key strengths include above-average household incomes, low unemployment, a highly educated population, abundant sunshine. Areas to be aware of include high housing costs, high obesity rates. Oakwood stands out as an excellent place to live, with strong marks across most quality-of-life indicators.
Economy & Jobs
The median household income in Oakwood is $136,250, which is significantly higher than the national average — 81% above $75,149. This places Oakwood among higher-income communities. The job market is very strong with unemployment at just 2.8%. Only 3.1% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 16 minutes, shorter than most U.S. cities.
Cost of Living & Housing
The median home value in Oakwood is $402,300, 43% above the national median. At just 3x median income, home prices are very affordable relative to local earnings.
Education
Educational attainment is solid, with 45.2% holding a bachelor's degree or higher, near the national average. 95.6% have completed high school. Area schools have an average test score of 5.5/10.
Climate & Weather
Oakwood experiences four distinct seasons with an average temperature of 54°F. Winters average 27°F in January while summers reach 79°F in July. With 266 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 38.6 inches. Air quality is rated Good with a median AQI of 41.