Vital Details: Oakland
The average household size in Oakland, TN is 2.87 family members members, with 91.2% being the owner of their very own domiciles. The mean home valuation is $186712. For those paying rent, they pay out an average of $1502 monthly. 54.5% of homes have two incomes, and an average household income of $75316. Average income is $41263. 2.9% of inhabitants survive at or below the poverty line, and 12.2% are considered disabled. 8.7% of residents of the town are veterans regarding the armed forces.
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The labor force participation rate in Oakland is 66.1%, with an unemployment rate of 2.1%. For anyone in the labor pool, the average commute time is 36.6 minutes. 6.3% of Oakland’s population have a grad degree, and 16.6% have a bachelors degree. For everyone without a college degree, 47.1% have some college, 22.1% have a high school diploma, and only 7.8% have an education less than high school. 4.4% are not included in health insurance.
Oakland, TN is found in Fayette county, and includes a population of 8891, and rests within the greater Memphis-Forrest City, TN-MS-AR metropolitan area. The median age is 37.4, with 14.2% of this population under ten years old, 11.5% are between ten-19 years of age, 11.5% of residents in their 20’s, 15.3% in their 30's, 12.2% in their 40’s, 11.7% in their 50’s, 11.1% in their 60’s, 7.7% in their 70’s, and 4.8% age 80 or older. 46.4% of citizens are male, 53.6% women. 71.3% of inhabitants are recorded as married married, with 7.3% divorced and 16.9% never married. The percent of people confirmed as widowed is 4.5%.