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Oakland County, MI&

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Population
1.24M
0.13% growth
Median Age
41
Median Household Income
$71,920
2.75% growth
Poverty Rate
8.51%
Number of Employees
638,219
1.84% growth
Median Property Value
$224,400
3.22% growth

About the photo: Bloomfield Hills, MI

Economy

The economy of Oakland County, MI employs 638,219 people. The economy of Oakland County, MI is specialized in Manufacturing; Professional, Scientific, Tech Services; and Management of Companies & Enterprises, which employ respectively 2; 1.43; and 1.24 times more people than what would be expected in a location of this size. The largest industries in Oakland County, MI are Manufacturing (120,401), Healthcare & Social Assistance (91,326), and Professional, Scientific, Tech Services (69,433), and the highest paying industries are Management of Companies & Enterprises ($90,000), Utilities ($72,405), and Mining, Quarrying, Oil, Gas Extraction ($64,470).

Median household income in Oakland County, MI is $71,920. Males in Oakland County, MI have an average income that is 1.36 times higher than the average income of females, which is $46,636. The income inequality of Oakland County, MI (measured using the Gini index) is 0.485 which is approximately the same as the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Oakland County, MI. In Oakland County, MI the age groups most likely to have health care coverage are 6-17 and 45-54, men and women, respectively. The location has a 1 to 146 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $11,286. Wayne County, MI has the highest prevalence of homicides of any county in Michigan.

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Diversity

Oakland County, MI is home to a population of 1.24M people, from which 94.1% are citizens. The ethnic composition of the population of Oakland County, MI is composed of 902,122 White residents (72.5%), 165,937 Black residents (13.3%), 87,457 Asian residents (7.03%), 48,794 Hispanic residents (3.92%), and 34,749 Two+ residents (2.79%). The most common foreign languages in Oakland County, MI are Spanish (28,638 speakers), Arabic (18,582 speakers), and Other Asian (12,455 speakers), but compared to other places, Oakland County, MI has a relative high number of Other (10,963 speakers), Other Indo-European (9,926 speakers), and Arabic (18,582 speakers).

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Non-English Speakers

Military

Veterans

Education

In 2015 universities in Oakland County, MI awarded 12,610 degrees. The student population of Oakland County, MI is skewed towards females, with 4,990 male students and 7,620 female students. Most students in Oakland County, MI are White (7,498 and 59.5%), followed by Black or African American (2,371 and 18.8%), Unknown (1,261 and 10%), and Asian (416 and 3.3%). The largest universities in Oakland County, MI by number of graduates are Oakland University (3,826 and 30.3%), Oakland Community College (2,954 and 23.4%), and Walsh College of Accountancy and Business Administration (907 and 7.19%). The most popular majors in Oakland County, MI are Registered Nursing (452 and 3.58%), Other Health Professions & Related Clinical Sciences (259 and 2.05%), and General Business Administration & Management (220 and 1.74%). The median tuition costs in Oakland County, MI are $30,420 for private four year colleges, and $12,923 and $24,735 respectively, for public four year colleges for in-state students and out-of-state students.

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Universities

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Housing & Living

The median property value in Oakland County, MI is $224,400, which is 1.09 times larger than the national average of $205,000. Between 2015 and 2016 the median property value increased from $217,400 to $224,400, a 3.22% increase. The homeownership rate of Oakland County, MI is 69.9%, which is higher than the national average of 63.1%. People in Oakland County, MI have an average commute time of 25.6 minutes, and they commute by Drove Alone. Car ownership in Oakland County, MI is approximately the same as the national average, with an average of 2 cars per household.

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