CitytisticsShortlist

Cost of living, pay and housing

39.72° N · 84.17° W · GEOID 3957764

Oakwood

Montgomery County, Ohio · part of the Dayton, OH metro

OhioOakwood, OHOakwoodOakwood

The short answer

Oakwood is home to 9,458 people. Median household income is $156,667 a year and median rent is $1,416 a month, 10.8% of income (a ratio of two medians, not any one household's burden). Rent pressure is lighter than in most places. The median home is valued at $370,100, about 2.4x annual median household income.

What sets Oakwood apart is how far household money goes. After the median rent, with other prices set to the US average, the median household keeps about $144,300 a year, more than in 93% of places its size. Also notable: Rent is light relative to pay, but the county has a FEMA natural hazard risk score of 93 out of 100. Budget for insurance before counting the savings.

98OF 100

CTXCitytistics Index

Exceptional

Oakwood scores better than 98% of the 6,612 places we rate, and ranks 19th of 290 in Ohio.

How the CTX is built

Category ratings · 0 to 100, typical place 50

Affordability 20%96
Economy 20%64
Safety 20%n/a
Amenities 15%49
Education 10%97
Commute 10%73
Growth 5%54

Not rated: safety, for want of data (the city police department does not report a full year to the FBI). The other weights are spread over the categories rated.

Median gross rent
$1,416
4% above the median place
Median household income
$156,667
95% above the median place
Median home value
$370,100
16% above the median place
Unemployment
5.7%
17% above the median place

Compared with the median of the 6,645 places we track. The bundle was checked 2026-11-14; each measure may refer to an older release.

What stands out about Oakwood

  • HousingHalf the homes were built before 1938, older housing than in 98% of the 2,479 places under 10,000 people we track. It is the lowest of 290 Ohio places we track.
  • HousingHomeowners pay a median of about 2.2% of home value a year in property tax, more than in 94% of the 2,266 places under 10,000 people we track.
01

Moving to Oakwood

Montgomery County loses about 0.9 residents per 1,000 a year to moves between counties.

Moved in21,282
Moved out21,649
Net−367

Where people come from and where they go, top counties

Greene County, OH3,5493,690−141
Warren County, OH1,6211,801−180
Miami County, OH1,1581,541−383
Butler County, OH1,216931+285

Within Ohio, other states or abroad

Arrivals
Leavers
Within OhioOther statesAbroad

Income per tax return

Arrivals$55K
Leavers$64K

People on tax returns who moved between counties, from IRS migration data, 2022 to 2023. Figures are for all of Montgomery County; flows under 20 returns are not published.

Who moves here
5.6% of residents arrived from another county in the past year, 1.9% from another state. County figure.
Who arrives and who leaves
Households moving into Montgomery County report $55,400 a year in income on average; those leaving, $64,300, so leavers earn more than newcomers.
Income you would need
$56,600 a year to rent the median home at the 30% line. From your city
Rent or buy
Median rent is $1,416 a month; owners with a mortgage pay $2,469 a month including taxes and insurance, on a median home of $370,100.
Getting to work
21 minutes each way on average; 17.0% work from home.
If it is close but not quite
Wyoming, OH matches it on character for less of your income. Compare the two
Income of households moving in8
$55,381
22% below the median place
Income of households moving out8
$64,310
8% below the median place
Moved here in the past year1
5.6%
2% below the median place
All 5 moving measures
MeasureOakwoodAmong 6,645 placesVs median
Moved here in the past year1County figure5.6%2% below
Moved from another state1County figure1.9%3% below
Net movers per 1,000 people8County figure-0.950% below
Income of households moving in8County figure$55,38122% below
Income of households moving out8County figure$64,3108% below
02

What it costs to live here

The median rent takes 10.8% of the median household's income, a smaller share than in 98% of the 2,480 places under 10,000 people we track.

Oakwood10.8%
Typical place20.4%

Share of the median household income that goes to the median rent. Above 30% is the usual stress line.

Income needed to rent
$56,640
a year, at the 30% line
Rent to income
10.8%
47% below the median place
Home price to income
2.4x
38% below the median place

Could you afford it?

The median rent would take
11%
comfortably under the 30% line
Left after rent, in US prices
$144,700
a year
Vs the typical household here
Same
as the median household

Uses the median rent in Oakwood, $1,416 a month, and local prices for everything else (96.8 against a US average of 100). It runs in your browser and stores nothing.

Like Oakwood, but easier on the budget

Places that match Oakwood on character (size, age, education, homeownership, household size, housing age, remote work and climate) but where rent takes a clearly smaller share of income. Cost was left out of the match on purpose.

PlaceMatchRent to incomeMore left a year
Wyoming, OH859.1% vs 10.8%$10,600Compare
Hingham, MA797.0% vs 10.8%$46,900Compare
Winnetka, IL778.8% vs 10.8%$79,400Compare
Mountain Brook, AL738.7% vs 10.8%$48,000Compare

Moving from somewhere else? Work out the salary you would need in Oakwood.

Sponsored · exampleMoving to Oakwood? Compare quotes from licensed movers. No partner is signed yet. Sponsored offers are always labelled and never change the data.
Median year built1
1938
2% below the median place
Renters paying 30%+1
17.4%
66% below the median place
Property tax rate1
2.2%
146% above the median place
All 16 cost and housing measures
MeasureOakwoodAmong 6,645 placesVs median
Median gross rent1$1,4164% above
Rent to income110.8%47% below
Property tax rate12.2%146% above
Home price to income12.4x38% below
Prices vs US average2Metro figure92.78% below
Fair market rent, 2 bedrooms3County figure$1,24823% below
HUD area median income4County figure$103,0004% below
Property tax paid (median)1$8,284154% above
Median home value1$370,10016% above
Home prices, 1-year change5County figure5.7%77% above
Home prices, 5-year change5County figure55.8%8% above
Homeownership182.1%24% above
Renters paying 30%+117.4%66% below
Owner costs with a mortgage1$2,46932% above
Vacant homes1County figure8.5%21% above
Median year built119382% below
03

Work and pay

Commutes by transit is 0.0%, below the median place (median 0.8%).

Commutes by transit1
0.0%
below the median place (median 0.8%)
Poverty rate1
2.7%
75% below the median place
Median household income1
$156,667
95% above the median place

More on work and pay, against the typical place

Income per person$74,664 +86%
Mean commute21 min −14%
Works from home17.0% +37%
All 10 work and pay measures
MeasureOakwoodAmong 6,645 placesVs median
Median household income1$156,66795% above
Income per person1$74,66486% above
Unemployment1County figure5.7%17% above
Average annual pay6County figure$63,7883% below
Pay growth, 1 year6County figure3.8%3% above
Jobs6County figure251,92567% above
Poverty rate12.7%75% below
Mean commute121 min14% below
Works from home117.0%37% above
Commutes by transit10.0%below (median 0.8%)
04

Who lives here

Bachelor's or higher is 74.5%, 133% above the median place.

Bachelor's or higher1
74.5%
133% above the median place
No health insurance1
2.1%
67% below the median place
High school or higher1
98.3%
6% above the median place

More about who lives here, against the typical place

Homes with broadband98.0% +6%
Born abroad4.0% −54%
Household size2.7 +8%
Median age40.9 +5%
All 9 people measures
MeasureOakwoodAmong 6,645 placesVs median
Population19,4584324th largest
Population change since 20207-1.4%below (median 1.1%)
Median age140.95% above
Bachelor's or higher174.5%133% above
High school or higher198.3%6% above
Household size12.78% above
Born abroad14.0%54% below
No health insurance12.1%67% below
Homes with broadband198.0%6% above
05

Life in Oakwood

The nearest National Park Service site is Dayton Aviation Heritage National Historical Park, about 7 miles away.

164 sites are on the National Register of Historic Places, 7 of them National Historic Landmarks.

Out the door, against the typical place

Parks per 10k residents28.6 2.8×
Playgrounds per 10k25.4 2.7×
Grocery stores per 10k2.1 −0%
Restaurants, cafes and bars per 10k7.4 −34%
Libraries per 10k2.1 2.4×
Named paths and bike trails0 km −90%
Bus and rail stops per sq mi0.0 −100%

Mapped by volunteers in OpenStreetMap inside the city limits (Census boundaries), so coverage is fuller in some places than others. Map data © OpenStreetMap contributors, ODbL.

National Park Service sites nearby

  • Dayton Aviation Heritage National Historical Park 7 miles
  • Charles Young Buffalo Soldiers National Monument 15 miles
  • William Howard Taft National Historic Site 45 miles

Businesses per 10,000 residents (county figures)

Restaurants and bars20.0 −4%
Shops28.1 −7%
Arts, recreation and fitness3.0 −27%
Doctors' offices and clinics20.2 +0%
Child care centers2.9 +26%

Counts businesses with paid staff, so small owner-run shops are not included.

Nearest National Park Service site11
6.8
78% below the median place
Public schools13
157
above the median place (median 9)
Public school students13
73,817
above the median place (median 4,897)
All 18 schools and local life measures
MeasureOakwoodAmong 6,645 placesVs median
Public schools13County figure157above (median 9)
Public school students13County figure73,817above (median 4,897)
Students per teacher13County figure18.017% above
Restaurants and bars per 10k9County figure20.04% below
Shops per 10k9County figure28.17% below
Arts, recreation and fitness per 10k9County figure3.027% below
Doctors' offices and clinics per 10k9County figure20.20% above
Child care centers per 10k9County figure2.926% above
Parks per 10k1028.6181% above
Playgrounds per 10k1025.4170% above
Grocery stores per 10k102.10% below
Restaurants, cafes and bars per 10k107.434% below
Libraries per 10k102.1143% above
Named paths and bike trails100.290% below
Transit stops per sq mi100.0below (median 0.2)
Nearest National Park Service site116.878% below
National Park Service sites within 60 miles11350% above
National Register listings12County figure164above (median 13)
06

Safety, weather and risk

Tornado risk is 92.6, 14% above the median place.

No crime figure yet. Either the city police department did not report to the FBI for the latest year, or our monthly fetch has not reached Oakwood. Larger places are fetched first.

Tornado risk15
92.6
14% above the median place
January average low14
21°F
16% below the median place
Wildfire risk15
44.1
28% below the median place
All 11 weather and risk measures
MeasureOakwoodAmong 6,645 placesVs median
July average high14County figure85°F2% below
January average low14County figure21°F16% below
Average temperature14County figure53°F4% below
Annual precipitation14County figure41.6 in5% below
Natural hazard risk15County figure92.70% above
Hurricane risk15County figure49.230% below
Tornado risk15County figure92.614% above
Wildfire risk15County figure44.128% below
Heat wave risk15County figure88.72% below
Median air quality index16County figure467% above
Good air days16County figure60.3%12% below
08

Oakwood in 2030: where the trends point

If recent trends hold, the median rent will take about 11% of the median income in 2030, about the same as 11% now.

Citytistics projections to 2030: each figure's own trend, blended with the typical trend across the places we rate, eased toward long-run US growth and carried forward from the latest release. The range is where 80% of places landed when we tested the same method on past releases. On projected 2030 affordability, Oakwood does better than 95% of places. Its projected home value growth beats 54%.

MeasureLatest2030 projectionLikely rangeAvg. per year
Median rent$1,416/mo (2024)$1,790/mo$1,470 to $2,180/mo+4.0%
Median household income$156,667 (2024)$200,500$169,500 to $237,500+4.2%
Median home value$370,100 (2024)$532,000$386,000 to $733,000+6.2%
Population9,441 (2025)9,4509,060 to 9,850+0.0%

The median home would be worth 2.7 years of the median income in 2030, against 2.4 now.

A projection of recent trends, not a prediction of the economy or advice to buy or sell. How we project.

09

Places like Oakwood

The closest matches on income, rent, home value, education and age, and the places nearby.

PlaceRentIncome
Meadowbrook, AL$1,365$141,862Compare
Riverside, IL$1,484$153,686Compare
White Rock, NM$1,356$156,639Compare
Wyoming, OH$1,249$165,188Compare
Wyoming, OHWhite Rock, NMRiverside, ILMeadowbrook, ALOakwood, OHOakwoodMeadowbrookRiversideWhite RockWyomingOakwoodMeadowbrookRiversideWhite RockWyoming

Places built like Oakwood

Its statistical peers: the closest matches on size, age, education, homeownership, household size, housing age, origin and remote work, in the same part of the country. Cost and outcomes are left out of the match, so the table shows how Oakwood performs against places like it.

PlaceRent to incomeIncome growthPop. change
Oakwood, OH10.8%6.8%/yr-1.4%
Grosse Pointe Park, MI13.3%1.5%/yr-4.4%Compare
Grosse Pointe, MI13.0%8.2%/yr-3.2%Compare
Whitefish Bay, WI10.2%4.8%/yr-3.1%Compare
Bexley, OH9.6%7.7%/yr-10.6%Compare
Riverside, IL11.6%6.6%/yr-3.9%Compare
Wyoming, OH9.1%5.7%/yr0.4%Compare

Common questions

Is Oakwood a good place to live?

It depends on what you need, so here is what the numbers say. Its Citytistics Index is 98 out of 100, better than 98% of the places we rate and 19th of 290 in Ohio. Half the homes were built before 1938, older housing than in 98% of the 2,479 places under 10,000 people we track. It is the lowest of 290 Ohio places we track. Homeowners pay a median of about 2.2% of home value a year in property tax, more than in 94% of the 2,266 places under 10,000 people we track. On cost, space and class size it scores 100 out of 100 for families. See how it ranks with your own weights.

Is Oakwood expensive to live in?

The median rent takes 10.8% of the median household income, against 20.4% in the typical place we track. Housing is a lighter load here than usual. The median home is valued at $370,100.

What salary do you need to live in Oakwood?

To rent the median home without spending more than 30% of income on rent, a household needs about $56,640 a year. Work it out from your current city.

What places are similar to Oakwood?

On income, rent, home value, education and age, the closest matches are Meadowbrook, AL, Riverside, IL, White Rock, NM and Wyoming, OH.

Sources and methods

The small numbers beside each measure point here. Every dataset is public; links go to the publisher.

  1. American Community Survey 5-year estimates · US Census Bureau · 2020 to 2024 estimatesTables B01002, B01003, B05002, B07003, B08013, B08301, B15003, B17001, B19013, B19301, B23025, B25002, B25003, B25010, B25035, B25064, B25070, B25077, B25088, B25103, B28002, S2701
  2. Regional Price Parities · US Bureau of Economic Analysis · Latest release, retrieved 2026-11-14
  3. Fair Market Rents · US Department of Housing and Urban Development · Fiscal year 2027
  4. Income Limits · US Department of Housing and Urban Development · Fiscal year 2026
  5. House Price Index · Federal Housing Finance Agency · Latest release, retrieved 2026-11-14
  6. Quarterly Census of Employment and Wages · US Bureau of Labor Statistics · 2025 annual averages
  7. Population Estimates · US Census Bureau · Vintage 2025
  8. SOI Tax Stats, county-to-county migration · Internal Revenue Service · Tax years 2022 to 2023Counts tax returns and the people on them; flows under 20 returns are suppressed.
  9. County Business Patterns · US Census Bureau · 2023 data
  10. OpenStreetMap · © OpenStreetMap contributors, available under the Open Database License (ODbL) · Map data as of 2026-11
  11. National Park Service sites · Wikidata (CC0), units operated by the National Park Service · Retrieved 2026-11
  12. National Register of Historic Places · National Park Service · Listings through 2026-05-22
  13. Common Core of Data · National Center for Education Statistics · 2024 release
  14. 1991-2020 climate normals · NOAA National Centers for Environmental Information · Series updated 2026-11-05Averages for 1991 to 2020 computed from NOAA's county climate series (nClimDiv).nClimDiv county series
  15. National Risk Index · Federal Emergency Management Agency · Latest release, retrieved 2026-11-14NRI data and maps
  16. Air Quality System, annual AQI by county · US Environmental Protection Agency · 2025 dataAirData download files

Derived by Citytistics from the tables above: rent to income (B25064, B19013); property tax rate (B25103, B25077); home price to income (B25077, B19013).

What stands out compares Oakwood with places of a similar size, using only figures measured for Oakwood itself; county and metro figures never count. Survey figures are estimates with margins of error. Formulas and definitions: methodology. API: /api/v1/places/oakwood-montgomery-county-ohio

Citytistics. “Oakwood, Ohio.” Data as of 2026-11-14. https://www.citytistics.com/city/oakwood-montgomery-county-ohio/

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.