Oakbrook, KY Profile: Facts & Data

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Oakbrook, Kentucky - Basic Facts

The Oakbrook Census Designated Place had a population of 9,971 as of July 1, 2020. Oakbrook ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Kentucky. See peer rankings below.

The primary coordinate point for Oakbrook is located at latitude 38.9998 and longitude -84.6852 in Boone County. The formal boundaries for the Oakbrook Census Designated Place encompass a land area of 3.18 sq. miles and a water area of 0 sq. miles. Boone County is in the Eastern time zone (GMT -5). The elevation is 869 feet.

The Oakbrook Census Designated Place (GNIS ID: 2403365) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Kentucky is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Oakbrook Census Designated Place is located within Florence Division of Boone County.


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Oakbrook, KY Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 9,971 (100%)
Population in Households 9,971 (100.0%)
Population in Families 8,394 (84.2%)
Population in Group Quarters1 0
Population Density 3,113
Diversity Index2 23
 
 

INCOME

Median Household Income $75,211
Average Household Income $93,125
% of Income for Mortgage4 10%
Per Capita Income $36,498
Wealth Index5 98
 

HOUSING

Total HU (Housing Units) 3,935 (100%)
Owner Occupied HU 3,009 (76.5%)
Renter Occupied HU 808 (20.5%)
Vacant Housing Units 118 ( 3.0%)
Median Home Value $178,412
Average Home Value $207,239
Housing Affordability Index3 242
 

HOUSEHOLDS

Total Households 3,817
Average Household Size 2.61
Family Households 2,678
Average Family Size 3
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.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.97% 1.02%
Households 0.98% 0.99%
Families 0.6% 0.92%
Median Household Income   1.69%
Per Capita Income   1.62%
Owner Occupied HU   0.87%

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Oakbrook, KY - Peer Comparisons by Rank and Percentile

The table below compares Oakbrook to the other 541 incorporated cities, towns and CDPs in Kentucky by rank and percentile using July 1, 2020 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 # 44 92nd
Population Density # 71 87th
Median Household Income # 91 83rd
Housing Affordability Index # 331 61st
Per Capita Income # 97 82nd
Diversity Index # 172 68th

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

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