Oaktown, IN Profile: Facts & Data

The Town of Oaktown had a population of 576 as of July 1, 2024. Oaktown ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Oaktown is located at latitude 38.8712 and longitude -87.4414 in Knox County. The formal boundaries for the Town of Oaktown encompass a land area of 0.27 sq. miles and a water area of 0 sq. miles. Knox County is in the Eastern time zone (GMT -5).

The Town of Oaktown 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.

Oaktown, IN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	576 (100%)
Population in Households	544 (94.4%)
Population in Families	435 (75.5%)
Population in Group Quarters¹	32 ( 5.6%)
Population Density	2,119
Diversity Index²	23


INCOME
Median Household Income	$40,093
Average Household Income	$58,717
% of Income for Mortgage⁴	24%
Per Capita Income	$22,130
Wealth Index⁵	39
Socioeconomic Status Index⁶	Moderate (56.8)

HOUSING
Total HU (Housing Units)	304 (100%)
Owner Occupied HU	163 (53.6%)
Renter Occupied HU	53 (17.4%)
Vacant Housing Units	88 (28.9%)
Median Home Value	$154,365
Average Home Value	$142,638
Housing Affordability Index³	104

HOUSEHOLDS
Total Households	216
Average Household Size	2.52
Family Households	130
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
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.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Oaktown, IN - Peer Comparisons by Rank and Percentile

The table below compares Oaktown to the other 976 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.20%	-0.31%
Households	-0.64%	-0.37%
Families		-0.31%
Median Household Income		3.47%
Per Capita Income		2.61%
Owner Occupied HU		-0.25%

Variable Description	Rank	Percentile
Total Population	# 457	53rd
Population Density	# 94	90th
Median Household Income	# 955	2nd
Housing Affordability Index	# 326	33rd
Per Capita Income	# 952	3rd
Diversity Index	# 321	68th

Oaktown, IN Profile: Facts & Data

Oaktown, Indiana - Basic Facts

Oaktown, IN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Oaktown, IN - Peer Comparisons by Rank and Percentile

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