Cost of Living in Oakwood, OH
Population 9,480 · Ohio · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Oakwood a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $350,000. The labor market has been unusually tight, with unemployment around 2.5% — below most comparable cities in the state.
Oakwood sits roughly 5 miles south of Dayton — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 276% higher than Dayton's $93,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Oakwood
The median home value in Oakwood is $350,100 — 15% above the national median of $305,000. Median rent runs $1,320/month, equal to than the national median of $1,314/month. The median household income of $158,968/year is 113% higher than the US median of $74,580. The local unemployment rate is 2.5%, below the national average of 4.8%. Ohio's top state income tax rate is 3.8% and the combined sales tax is 7.2%. The climate averages highs of 64.2°F and lows of 44.0°F. Overall, Oakwood has a cost of living index of 109 versus the US average of 100, meaning it is 9% more expensive.
Oakwood has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 39 | 43 | 53 | 65 | 75 | 83 | 86 | 85 | 79 | 67 | 54 | 43 |
| Low °F | 22 | 25 | 33 | 43 | 53 | 62 | 65 | 63 | 56 | 45 | 35 | 27 |
| Precip" | 2.91 | 2.33 | 3.48 | 4.37 | 4.21 | 4.90 | 3.63 | 2.81 | 2.97 | 3.02 | 3.13 | 3.21 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Oakwood, OH?
Oakwood has a cost index of 109 (100 = national average). It is 9% above the national average.
What is average rent in Oakwood, OH?
The median gross rent in Oakwood is $1,320 per month based on 2023 Census data.
What is the average home price in Oakwood?
The median home value in Oakwood is $350,100 according to Zillow and Census data.
What is the median income in Oakwood?
The median household income in Oakwood is $158,968 per year (2023 ACS 5-year estimates).
What is the sales tax in Oakwood, OH?
The combined state and local sales tax rate in Oakwood is 7.2%. The Ohio state income tax top rate is 3.8%.
Is Oakwood, OH affordable?
Oakwood is near the national average in terms of cost of living, with an index of 109 (100 = US average).
What is the weather like in Oakwood?
Oakwood has average high temperatures of 64.2°F and average lows of 44.0°F. Annual precipitation is 41". Data from NOAA 1991–2020 Climate Normals.
Oakwood at a Glance
- Population
- 9,480
- Median Income
- $158,968
- Home Value
- $350,100
- Median Rent
- $1,320/mo
- Unemployment
- 2.5%
- Avg High Temp
- 64.2°F
- Sales Tax
- 7.2%
Nearby Cities
Explore county-level cost of living data
Ohio Rankings
Similar Cost Cities
Cities in other states with comparable housing costs