The Town of Oakland had a population of 8,250 as of July 1, 2019. Oakland ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Tennessee. See peer rankings below.
The primary coordinate point for Oakland is located at latitude 35.229 and longitude -89.5151 in Fayette County. The formal boundaries for the Town of Oakland encompass a land area of 10.25 sq. miles and a water area of 0.03 sq. miles. Fayette County is in the Central time zone (GMT -6). The elevation is 381 feet.
The Town of Oakland (GNIS ID: 2407026) 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.
HOUSING AFFORDABILITY INDEX
|Oakland, TN Housing Affordability Index is 181 |
State of Tennessee Housing Affordability Index is 143
|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.|
|Oakland, TN Wealth Index is 96 |
State of Tennessee Wealth Index is 81
|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.|
These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.
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|Total Population||8,250 (100%)|
|Population in Households||8,250 (100.0%)|
|Population in Families||7,315 (88.7%)|
|Population in Group Quarters1||0|
|Median Household Income||$66,137|
|Average Household Income||$84,780|
|Per Capita Income||$31,793|
|Total Housing Units||3,342 (100%)|
|Owner Occupied HU||2,775 (83.0%)|
|Renter Occupied HU||351 (10.5%)|
|Vacant Housing Units||216 ( 6.5%)|
|Median Home Value||$200,628|
|Housing Affordability Index3||181|
|Average Household Size||2.64|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.35%|
|Per Capita Income||2.35%|
The table below compares Oakland to the other 429 incorporated cities, towns and CDPs in Tennessee by rank and percentile using July 1, 2019 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.
|Total Population||# 72||83rd|
|Population Density||# 120||72nd|
|Diversity Index||# 97||78th|
|Median Household Income||# 46||90th|
|Per Capita Income||# 58||87th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Tennessee Census Data Comparison Tool.