Oak Island, NC

Census Place

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2023 Population
8,888
3.78% 1-year growth
US Senator
Thom Tillis
Republican Party
US Senator
Ted Budd
Republican Party
2023 Median Age
61.5
1.32% 1-year increase
2023 Poverty Rate
9.75%
7.03% 1-year increase
2023 Median Household Income
$83,483
2.37% 1-year decline
2023 Median Property Value
$407,400
16.9% 1-year growth
2023 Employed Population
3,768
3.57% 1-year growth

About

In 2023, Oak Island, NC had a population of 8.89k people with a median age of 61.5 and a median household income of $83,483. Between 2022 and 2023 the population of Oak Island, NC grew from 8,564 to 8,888, a 3.78% increase and its median household income declined from $85,513 to $83,483, a −2.37% decrease.

The 5 largest ethnic groups in Oak Island, NC are White (Non-Hispanic) (94%), Two Races Including Other (Non-Hispanic) (1.63%), Two Races Excluding Other, & Three or More Races (Non-Hispanic) (1.13%), Two Races Including Other (Hispanic) (0.833%), and Asian (Non-Hispanic) (0.72%).

None of the households in Oak Island, NC reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

99.7% of the residents in Oak Island, NC are U.S. citizens.

In 2023, the median property value in Oak Island, NC was $407,400, and the homeownership rate was 87.8%.

Most people in Oak Island, NC drove alone to work, and the average commute time was 22.8 minutes. The average car ownership in Oak Island, NC was 2 cars per household.

United StatesNorth CarolinaBrunswick County, NCMyrtle Beach-Conway-North Myrtle Beach, SC-NCBrunswick County PUMA, NC

Population & Diversity

Oak Island, NC is home to a population of 8.89k people, from which 99.7% are citizens. As of 2023, 1.9% of Oak Island, NC residents were born outside of the country (169 people).

In 2023, there were 57.6 times more White (Non-Hispanic) residents (8.36k people) in Oak Island, NC than any other race or ethnicity. There were 145 Two Races Including Other (Non-Hispanic) and 100 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99.7%
2023 Citizenship
99.6%
2022 Citizenship

As of 2023, 99.7% of Oak Island, NC residents were US citizens, which is higher than the national average of 93.4%. In 2022, the percentage of US citizens in Oak Island, NC was 99.6%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Oak Island, NC compared to that of it's neighboring and parent geographies.

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Diversity

Race and Ethnicity

The 3 largest ethnic groups in Oak Island, NC
  1. White (Non-Hispanic)
    8.36k ± 164
  2. Two Races Including Other (Non-Hispanic)
    145 ± 127
  3. Two Races Excluding Other, & Three or More Races (Non-Hispanic)
    100 ± 63
1.28%
Hispanic Population
114 people

In 2023, there were 57.6 times more White (Non-Hispanic) residents (8.36k people) in Oak Island, NC than any other race or ethnicity. There were 145 Two Races Including Other (Non-Hispanic) and 100 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

1.28% of the people in Oak Island, NC are hispanic (114 people).

The following chart shows the 8 races represented in Oak Island, NC as a share of the total population.

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Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for North Carolina.
Most Common Origin
  1. Mexico
    224,963 ± 11,520 people
  2. India
    83,219 ± 7,055 people
  3. Honduras
    48,247 ± 5,380 people

In 2023, the most common birthplace for the foreign-born residents of North Carolina was Mexico, the natal country of 224,963 North Carolina residents, followed by India with 83,219 and Honduras with 48,247.

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Foreign-Born Population

1.9%
2023 Foreign-Born Population
169 people
2.44%
2022 Foreign-Born Population
209 people

As of 2023, 1.9% of Oak Island, NC residents (169 people) were born outside of the United States, which is approximately the same as the national average of 13.8%. In 2022, the percentage of foreign-born citizens in Oak Island, NC was 2.44%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Oak Island, NC compared to that of it's neighboring and parent geographies.

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Military

Veterans

Most Common Service Period
  1. Vietnam
    304 ± 81
  2. Gulf War (2001-)
    231 ± 107
  3. Gulf War (1990s)
    175 ± 87

Oak Island, NC has a large population of military personnel who served in Vietnam, 1.32 times greater than any other conflict.

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Economy

The economy of Oak Island, NC employs 3.77k people. In 2023, the largest industries in Oak Island, NC were Construction (405 people), Public Administration (405 people), and Professional, Scientific, & Technical Services (394 people), and the highest paying industries were Information ($168,750), Utilities ($134,868), and Professional, Scientific, & Technical Services ($85,714).

Employment

Occupations

3.77k
2023 Value
± 420
3.57%
1 Year growth
± 15.2%

From 2022 to 2023, employment in Oak Island, NC grew at a rate of 3.57%, from 3.64k employees to 3.77k employees.

The most common job groups, by number of people living in Oak Island, NC, are Management Occupations (710 people), Sales & Related Occupations (533 people), and Office & Administrative Support Occupations (475 people). This chart illustrates the share breakdown of the primary jobs held by residents of Oak Island, NC.

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Unemployment Insurance Claims

Data is only available at the state level. Showing data for North Carolina.

This chart shows weekly unemployment insurance claims in North Carolina (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

3.77k
2023 Value
± 420
3.57%
1 Year growth
± 15.2%

From 2022 to 2023, employment in Oak Island, NC grew at a rate of 3.57%, from 3.64k employees to 3.77k employees.

The most common employment sectors for those who live in Oak Island, NC, are Construction (405 people), Public Administration (405 people), and Professional, Scientific, & Technical Services (394 people). This chart shows the share breakdown of the primary industries for residents of Oak Island, NC, though some of these residents may live in Oak Island, NC and work somewhere else. Census data is tagged to a residential address, not a work address.

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Median Earnings by Industry

$59,583
Median earning men ± $15,054
$52,047
Median earning women ± $8,276

The industries with the best median earnings for men in 2023 are Information ($250,001), Transportation & Warehousing, & Utilities ($101,442), and Finance & Insurance, & Real Estate & Rental & Leasing ($97,708).

The industries with the best median earnings for women in 2023 are Professional, Scientific, & Management, & Administrative & Waste Management Services ($71,739), Public Administration ($69,286), and Educational Services, & Health Care & Social Assistance ($64,219).

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Employment by Industry Sector

Data is only available at the state level. Showing data for North Carolina.
Y-Axis
3.04%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 4.86M people employed in North Carolina. This represents a 3.04% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 10.9%.

The following chart shows monthly employment numbers for each industry sector in North Carolina.

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Education

Completions

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

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Working Population

Educational Pyramid

Data is only available at the state level. Showing data for North Carolina.
Measure

In 2023, 0.995% of men over 25 years of age had not completed any academic degree (no schooling), while 0.855% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

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Educational Attainment

Data is only available at the state level. Showing data for North Carolina.
Race

The most common educational levels obtained by the working population in 2023 were High School or Equivalent (2.18M), Some college (1.81M), and Bachelors Degree (1.69M).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

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Housing & Living

The median property value in Oak Island, NC was $407,400 in 2023, which is 1.34 times larger than the national average of $303,400. Between 2022 and 2023 the median property value increased from $348,600 to $407,400, a 16.9% increase. The homeownership rate in Oak Island, NC is 87.8%, which is higher than the national average of 65%.

People in Oak Island, NC have an average commute time of 22.8 minutes, and they drove alone to work. Car ownership in Oak Island, NC is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$407,400
Median Property Value 2023
±$30,211
$3,779
Median Property Taxes
±$370

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Oak Island, NC the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Oak Island, NC compared to it's parent and neighbor geographies.

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Rent vs Own

87.8%
Homeownership
2023
64.2%
Homeowners with Mortgage
2023

In 2023, 87.8% of the housing units in Oak Island, NC were occupied by their owner. This percentage grew from the previous year's rate of 86.4%.

This chart shows the percentage of owner in Oak Island, NC compared it's parent and neighboring geographies.

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Equity

Income by Location

Use the dropdown to filter by race/ethnicity.
Race/Ethnicity

The following map shows all of the places in Oak Island, NC colored by their Median Household Income (Total).

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Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$83,483
Median Household Income
± $6,914
4.3k
Number of Households
± 398

In 2023, the median household income of the 4.3k households in Oak Island, NC declined from $83,483 from the previous year's value of $85,513.

The following chart displays the households in Oak Island, NC distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

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Wage Distribution

The closest comparable wage GINI for Oak Island, NC is from North Carolina.
0.467
2023 Wage GINI in North Carolina
0.47
2022 Wage GINI in North Carolina

In 2023, the income inequality in North Carolina was 0.467 according to the GINI calculation of the wage distribution. Income inequality had a 0.639% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for North Carolina was lower than than the national average of 0.476. In other words, wages are distributed more evenly in North Carolina in comparison to the national average.

This chart shows the number of workers in North Carolina across various wage buckets compared to the national average.

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Transportation

Commuter Transportation

Most Common Commute in 2023
  1. Drove Alone (71.3%)
  2. Worked At Home (21.4%)
  3. Carpooled (3.47%)

In 2023, 71.3% of workers in Oak Island, NC drove alone to work, followed by those who worked at home (21.4%) and those who carpooled to work (3.47%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

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Commute Time

22.8 minutes
Average Travel Time

Using averages, employees in Oak Island, NC have a shorter commute time (22.8 minutes) than the normal US worker (26.6 minutes). Additionally, 2.73% of the workforce in Oak Island, NC have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Oak Island, NC compares to that of it's neighboring and parent geographies.

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Car Ownership

2 cars
Average Number

The following chart displays the households in Oak Island, NC distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Oak Island, NC have 2 cars.

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Poverty

Poverty & Diversity

9.75% of the population for whom poverty status is determined in Oak Island, NC (864 out of 8.87k people) live below the poverty line, a number that is lower than the national average of 12.4%. The largest demographic living in poverty are Males 55 - 64, followed by Females 55 - 64 and then Females 65 - 74.

The most common racial or ethnic group living below the poverty line in Oak Island, NC is White, followed by Two Or More and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Health

95.6% of the population of Oak Island, NC has health coverage, with 31.6% on employee plans, 5.59% on Medicaid, 29.3% on Medicare, 27% on non-group plans, and 2.03% on military or VA plans.

Primary care physicians in North Carolina see 1,413 patients per year on average, which represents a 0% change from the previous year (1,413 patients). Compare this to dentists who see 1634 patients per year, and mental health providers who see 317 patients per year.

By gender, of the total number of insured persons, 48% were men and 52% were women.

Coverage

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 8.07% under 18 years, 5.95% between 18 and 34 years, 47.1% between 35 and 64 years, and 38.9% over 64 years.

By gender, of the total number of insured persons, 48% were men and 52% were women.

The following chart shows the number of people with health coverage by gender.

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Uninsured People

4.44%
Uninsured
31.6%
Employer Coverage
5.59%
Medicaid
29.3%
Medicare
27%
Non-Group
2.03%
Military or VA

Between 2022 and 2023, the percent of uninsured citizens in Oak Island, NC declined by 6.72% from 4.76% to 4.44%.

The following chart shows how the percent of uninsured individuals in Oak Island, NC changed over time compared with the percent of individuals enrolled in various types of health insurance.

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