Oakwood is a village located in Vermilion County, Illinois. Oakwood has a 2026 population of 1,251. Oakwood is currently declining at a rate of -0.95% annually and its population has decreased by -5.44% since the most recent census, which recorded a population of 1,323 in 2020.
The median household income in Oakwood is $46,293 with a poverty rate of 24.82%. The median age in Oakwood is 42 years: 41.5 years for males, and 43.2 years for females. For every 100 females there are 84.0 males.
Data after 2023 is projected based on recent change
Overall: 42 years
Female: 43.2 years
Male: 41.5 years
There are 996 adults, (360 of whom are seniors) in Oakwood.
Female: 750 (54.3%)
Male: 630 (45.7%)
The racial composition of Oakwood includes 93.99% White, and smaller percentages for Black or African American, Native American and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 1,297 | 93.99% |
| Two or more races | 65 | 4.71% |
| Black or African American | 16 | 1.16% |
| Native American | 2 | 0.14% |
Oakwood 's average per capita income is $46,089. Household income levels show a median of $46,293. The poverty rate stands at 24.82%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $88,750 | - |
| Families | $57,875 | $74,812 |
| Households | $46,293 | $61,597 |
| Non Families | $36,406 | $37,967 |
Average Income
Median Household Income
Poverty Rate