Oakwood, IL Profile: Facts & Data


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Oakwood, Illinois - Basic Facts

The Village of Oakwood had a population of 1,551 as of July 1, 2020.

The primary coordinate point for Oakwood is located at latitude 40.1161 and longitude -87.7784 in Vermilion County. The formal boundaries for the Village of Oakwood encompass a land area of 0.93 sq. miles and a water area of 0 sq. miles. Vermilion County is in the Central time zone (GMT -6). The elevation is 643 feet.

The Village of Oakwood (GNIS ID: 2399547) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Oakwood is located within Township of Oakwood, a minor civil division (MCD) of Vermilion County.


Oakwood, IL Data & Demographics (As of July 1, 2020)


Total Population 1,551 (100%)
Population in Households 1,551 (100.0%)
Population in Families 1,262 (81.4%)
Population in Group Quarters1 0
Population Density 1,671
Diversity Index2 11


Median Household Income $50,838
Average Household Income $59,776
% of Income for Mortgage4 7%
Per Capita Income $25,119
Wealth Index5 54


Total HU (Housing Units) 693 (100%)
Owner Occupied HU 514 (74.2%)
Renter Occupied HU 138 (19.9%)
Vacant Housing Units 41 ( 5.9%)
Median Home Value $81,753
Average Home Value $103,119
Housing Affordability Index3 327


Total Households 652
Average Household Size 2.38
Family Households 438
Average Family Size 3
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.


2010-2020 2020-2025
Population -0.27% -0.57%
Households -0.09% -0.5%
Families 0.02% -0.6%
Median Household Income   0.95%
Per Capita Income   1.78%
Owner Occupied HU   -0.43%


Oakwood, IL - Peer Comparisons by Rank and Percentile

The table below compares Oakwood to the other 1,369 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 571 58th
Population Density # 382 72nd
Median Household Income # 947 31st
Housing Affordability Index # 1154 84th
Per Capita Income # 1039 24th
Diversity Index # 843 39th

Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.

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