Oakland is a somewhat small borough located in the state of New Jersey. With a population of 12,653 people and three associated neighborhoods, Oakland is the 151st largest community in New Jersey.
Housing costs in Oakland are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New Jersey.
Also of interest is that Oakland has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 16.78% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Oakland is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Oakland really has some of the features that families look for when choosing a good community to raise children. Is Oakland perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
One downside of living in Oakland is that it can take a long time to commute to work. In Oakland, the average commute to work is 30.99 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the borough, so leaving the car at home and taking transit is often a viable alternative.
Despite being a small borough, Oakland has a lot of people using the train to get to and from work every day. Most of these people on the train are using it to get to good jobs in other cities.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Oakland. 54.20% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Oakland in 2022 was $62,874, which is upper middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $251,496 for a family of four.
Oakland is a somewhat ethnically-diverse borough. The people who call Oakland home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Oakland residents report their race to be White, followed by Asian. Oakland also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 11.71% of the borough’s residents. Important ancestries of people in Oakland include Italian, Irish, German, Polish, and English.
Foreign born people are also an important part of Oakland's cultural character, accounting for 15.12% of the borough’s population.
The most common language spoken in Oakland is English. Other important languages spoken here include Spanish and Langs. of India.