Income/capita 22%
Household income 10%
Unemployment 48%
Income per capita$23,372$31,502$29,829
Median household income$49,519$59,196$55,322
Median income owner occupied$52,813$75,354$70,586
Median income renter occupied$41,429$34,488$35,192
Median earnings male$40,118$40,474$36,919
Median earnings female$28,281$27,197$26,250
Unemployment rate2.4%5.3%4.7%
Poverty level14.4%14.0%15.1%

Key findings

  • The income per capita in Oakwood is 22% lower than the national average
  • The median household income in Oakwood is 10% lower than the national average
  • Male median earnings are 41% higher than female median earnings
  • The unemployment rate in Oakwood is 48% lower than the national average
  • The poverty level in Oakwood is 5% lower than the national average

Best Places for Employment in and Around Oakwood

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Compare Oakwood, IL Employment

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      am i middle class

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      According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

      Oakwood median earnings by income bracket

      Oakwood employment by industry

      Labour TypeMaleFemale
      Construction industry8.9%3.4%
      Manufacturing sector16.8%0.8%
      Financial & insurance services0.0%7.0%
      Wholesale & retail services25.1%15.3%
      Public administration8.1%2.3%
      Transportation, warehousing & utilities14.7%3.9%
      Education, health & social services11.3%28.5%

      Nearby cities with high median household income

      City, StatePopulationHousehold IncomeNational Avg.
      St. Joseph, IL4,109$78,66142%
      Bismarck, IL611$62,50013%
      Ogden, IL732$62,00012%
      Gifford, IL849$60,5369%
      Royal, IL236$59,1077%
      Oakwood, IL1,666$49,51910%

      Cities with similar population

      City, StatePopulationHousehold IncomeNational Avg.
      Marissa, IL1,666$38,16731%
      Van Buren, ME1,666$24,02857%
      Key Vista, FL1,666$67,06721%
      McMechen, WV1,665$39,26529%
      Osakis, MN1,665$39,34229%
      Oakwood, IL1,666$49,51910%
      Source: The Oakwood, IL employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).