Oakman, AL Profile: Facts & Data

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Oakman, Alabama - Basic Facts

The Town of Oakman had a population of 740 as of July 1, 2023. Oakman ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Alabama. See peer rankings below.

The primary coordinate point for Oakman is located at latitude 33.7134 and longitude -87.3886 in Walker County. The formal boundaries for the Town of Oakman encompass a land area of 3.08 sq. miles and a water area of 0.01 sq. miles. Walker County is in the Central time zone (GMT -6).

The Town of Oakman 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.

Alabama is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Oakman is located within Oakman Division of Walker County.


Jump to... (On This Page!)
  1. Oakman 2023 Demographic Data
  2. Growth Rates for Oakman (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Alabama Research Tools (Easy Tools & Current Data)
  3. Alabama Data Comparison Tool - 2023 Demographics
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Oakman, AL Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 740 (100%)
Population in Households 740 (100.0%)
Population in Families 606 (81.9%)
Population in Group Quarters1 0
Population Density 240
Diversity Index2 23
 
 

INCOME

Median Household Income $48,197
Average Household Income $73,547
% of Income for Mortgage4 16%
Per Capita Income $30,114
Wealth Index5 65
Socioeconomic Status Index6 Low (42.0)
 

HOUSING

Total HU (Housing Units) 340 (100%)
Owner Occupied HU 225 (66.2%)
Renter Occupied HU 78 (22.9%)
Vacant Housing Units 37 (10.9%)
Median Home Value $127,679
Average Home Value $130,889
Housing Affordability Index3 168
 

HOUSEHOLDS

Total Households 303
Average Household Size 2.44
Family Households 210
Average Family Size 3.00
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.
  6. 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.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -1.25% -0.71%
Households -0.70% -0.53%
Families   -0.68%
Median Household Income   2.47%
Per Capita Income   2.78%
Owner Occupied HU   -0.54%

Oakman, AL - Peer Comparisons by Rank and Percentile

The table below compares Oakman to the other 593 incorporated cities, towns and CDPs in Alabama by rank and percentile using July 1, 2023 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.

Variable Description Rank Percentile
Total Population # 354 40th
Population Density # 285 52nd
Median Household Income # 302 49th
Housing Affordability Index # 443 75th
Per Capita Income # 232 61st
Diversity Index # 491 17th

Additional comparisons and rankings can be made with a VERY EASY TO USE Alabama Census Data Comparison Tool.

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