Oakwood is a city located in Vermilion County Illinois. With a 2020 population of 1,447, it is the 552nd largest city in Illinois and the 8849th largest city in the United States . Oakwood is currently declining at a rate of -1.30% annually and its population has decreased by -9.28% since the most recent census, which recorded a population of 1,595 in 2010. Oakwood reached it's highest population of in . Spanning over 1 miles, Oakwood has a population density of 1,559 people per square mile.
The average household income in Oakwood is $67,221 with a poverty rate of 13.82%. The median rental costs in recent years comes to $704 per month, and the median house value is $90,300. The median age in Oakwood is 33.8 years, 31.9 years for males, and 34.6 years for females.