Is Oakwood Park a Good Place to Live?
Based on current data, Oakwood Park receives an overall livability score of 4.7 out of 5.0, earning a grade of A+. Key strengths include above-average household incomes, low unemployment, a highly educated population, affordable housing. Areas to be aware of include high obesity rates. Oakwood Park 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 Park is $85,000, 13% above the national average of $75,149. Residents generally enjoy above-average earning potential. The job market is very strong with unemployment at just 0.0%. Only 5.4% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 20 minutes, shorter than most U.S. cities.
Cost of Living & Housing
The median home value in Oakwood Park is $169,200, 40% below the national median — offering relatively affordable homeownership. Renters pay a median of $1,425 per month, significantly above the national average of $1,163. At just 2x median income, home prices are very affordable relative to local earnings.
Education
Educational attainment is solid, with 41.4% holding a bachelor's degree or higher, near the national average. 93.4% have completed high school. Area schools have an average test score of 5.5/10.
Climate & Weather
Oakwood Park 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.