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Oak Point, TX&

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Population
3,271
5.28% growth
Median Age
38.8
Median Household Income
$89,543
0.92% growth
Poverty Rate
6.76%
Number of Employees
1,966
5.76% growth
Median Property Value
$179,400
4.24% growth

Economy

The economy of Oak Point, TX employs 1,966 people. The economy of Oak Point, TX is specialized in Mining, Quarrying, Oil, Gas Extraction; Finance & Insurance; and Wholesale trade, which employ respectively 2.12; 1.77; and 1.64 times more people than what would be expected in a location of this size. The largest industries in Oak Point, TX are Retail trade (295), Healthcare & Social Assistance (269), and Manufacturing (188), and the highest paying industries are Professional, Scientific, Tech Services ($79,531), Transportation & Warehousing ($58,542), and Real Estate, Rental & Leasing ($52,614).

Median household income in Oak Point, TX is $89,543. Males in Oak Point, TX have an average income that is 1.28 times higher than the average income of females, which is $52,892. The income inequality of Oak Point, TX (measured using the Gini index) is 0.415 which is lower than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Oak Point, TX. In Denton County, TX the age groups most likely to have health care coverage are 6-17 and 6-17, men and women, respectively. The location has a 1 to 64 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $11,662. Newton County, TX has the highest prevalence of homicides of any county in Texas.

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Clinician to Patient Rates

The closest comparable data for the census place of Oak Point, TX is from the county of Denton County, TX.

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Diversity

Oak Point, TX is home to a population of 3,271 people, from which 95.9% are citizens. The ethnic composition of the population of Oak Point, TX is composed of 2,694 White residents (82.4%), 375 Hispanic residents (11.5%), 110 Black residents (3.36%), 49 Two+ residents (1.5%), and 39 Asian residents (1.19%). The most common foreign languages in Oak Point, TX are Spanish (261 speakers), Russian (25 speakers), and German (14 speakers), but compared to other places, Oak Point, TX has a relative high number of Russian (25 speakers), Gujarati (6 speakers), and German (14 speakers).

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Education

In 2015 universities in Dallas-Fort Worth-Arlington, TX Metro Area awarded 80,620 degrees. The student population of Dallas-Fort Worth-Arlington, TX Metro Area is skewed towards females, with 32,837 male students and 47,783 female students. Most students in Dallas-Fort Worth-Arlington, TX Metro Area are White (35,581 and 44.1%), followed by Hispanic or Latino (16,165 and 20.1%), Black or African American (12,617 and 15.6%), and Asian (5,693 and 7.06%). The largest universities in Dallas-Fort Worth-Arlington, TX Metro Area by number of graduates are The University of Texas at Arlington (10,472 and 13%), University of North Texas (8,598 and 10.7%), and Tarrant County College District (7,759 and 9.6%). The most popular majors in Dallas-Fort Worth-Arlington, TX Metro Area are Registered Nursing (3,515 and 4.36%), Other Multidisciplinary Studies (2,113 and 2.62%), and General Studies (1,272 and 1.58%). The median tuition costs in Dallas-Fort Worth-Arlington, TX Metro Area are $34,650 for private four year colleges, and $7,350 and $17,480 respectively, for public four year colleges for in-state students and out-of-state students.

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Housing & Living

The median property value in Oak Point, TX is $179,400, which is 0.88 times smaller than the national average of $205,000. Between 2015 and 2016 the median property value increased from $172,100 to $179,400, a 4.24% increase. The homeownership rate of Oak Point, TX is 92.4%, which is higher than the national average of 63.6%. People in Oak Point, TX have an average commute time of 35.5 minutes, and they commute by Drove Alone. Car ownership in Oak Point, TX is approximately the same as the national average, with an average of 2 cars per household.

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United States
nation
Texas
state
Denton County, TX
county
Dallas-Fort Worth-Arlington, TX Metro Area
metropolitan statistical area
Denton County (North & West)--Denton City (Outer) PUMA
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