Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Based on recent surveys and polls, locals gave high marks in the walkability to local amenities, safety, public transit, friendliness of neighbors and overall sense of community in the area.
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Located in the state of Missouri, Oakville is a medium-sized city with a population of 36,117 inhabitants. According to the most recent Census, 95% of Oakville residents are White, 2% Asian and 1% Black. In Oakville, there seems to be a shift in population towards an older age group. The average age of the population is now 48, which is significantly higher than the nation’s average. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Oakville is the right fit for you, your one way commute time will average 28 minutes, which is about average when compared to the national commute time of 26 minutes.
Whether you’re moving to a new area to be closer to family, friends or for a new job, living in Oakville could be a positive experience compared to other cities in Missouri if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. Finding the best places to live in Oakville and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes crime, cost of living, education, employment, housing and other important metrics.
Using data and statistics Oakville has received a livability score of 65/100. This score is ranked in the 61st percentile when compared to all other cities. For each of the livability categories, we see that Oakville ranks very well for cost of living (B+), employment (A+) and housing (A+). There is at least one category that did not score well in Oakville. The following was graded with a discouraging score: amenities (F).
The unemployment rate in Oakville has consistently declined over the years and currently stands well below the national average at 1.61%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Oakville excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Oakville. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Oakville are affordable. The median home price for Oakville homes is $241,600, which is 71.1% higher than the Missouri average. If we take a closer look at the affordability of homes in Oakville, we’ll see that the home price to income ratio is 2.8, which is 3.4% lower than the Missouri average.
Statistic | Oakville | Missouri | National |
Average one way commute | 28min | 23min | 26min |
Workers who drive to work | 84.2% | 81.6% | 76.4% |
Workers who carpool | 4.7% | 9.1% | 9.3% |
Workers who take public transit | 0.3% | 1.5% | 5.1% |
Workers who bicycle | 0.0% | 0.3% | 0.6% |
Workers who walk | 0.4% | 1.9% | 2.8% |
Working from home | 9.7% | 4.6% | 4.6% |