Oakdale, Minnesota Income Statistics
Oakdale Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Oakdale Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Oakdale | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $93,714 | $89,852 | $80,455 |
| Median Personal Income | $62,511 | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.5% | 4.4% | 4.8% |
| Six-Figure Earners | 13.8% | 15.1% | 13.9% |
| $200k+ Households | 12.3% | 13.8% | 13.2% |
The median household income in Oakdale is about 4% higher than in Minnesota. Income has been growing faster in Oakdale (4.5%/yr) than in Minnesota (4.4%/yr).
About 14% of adults in Oakdale earn six figures ($100,000 or more) a year, lower than the Minnesota average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Oakdale, Minnesota grew by 45.1% from 2009 to 2024, reaching $93,714 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in Oakdale
| Metric | Oakdale | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.484 | 0.507 | 0.552 |
| Male Median Income | $71,597 | $74,898 | $69,667 |
| Female Median Income | $60,464 | $62,922 | $56,850 |
| Gender Pay Gap | 15.5% | 16.0% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Oakdale, it is 0.484, lower than Minnesota's 0.507, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 18% more than women's income in Oakdale, Minnesota. Over a 35-year career, a 18% wage gap accumulates to roughly $389,655 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Oakdale, Minnesota has narrowed from about 17% to 16% in 2024. Over that period the gap was widest at 19% in 2012, and was narrowest at 12% in 2017. In dollar terms, the gap has widened by $2,472 since 2009.
Employment
| Metric | Oakdale | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 4.1% | 5.2% |
| Working from Home | 19.1% | 17.6% | 15.0% |
| Commute time (minutes) | 21 | 20 | 22 |
Approximately 512 people are unemployed in Oakdale, Minnesota.
The average commute time in Oakdale is 21 minutes, longer than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oakdale, Minnesota has fallen from 8.0% to 3.3% in 2024.
Oakdale, MN Wealth Compared With Nearby Cities
How Oakdale, MN compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Oakdale, MN | 29,256 | $93,714 #2/2 | 4.5%/yr #2/2 | 3.3% #1/2 | 0.484 #1/2 |
| Maplewood, MN | 41,047 | $95,114 | 5.0%/yr | 3.8% | 0.503 |
Conclusion
Considering all these factors, Oakdale, Minnesota has an overall wealth index grade of B, making it somewhat better than Minnesota, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Oakdale, Minnesota.
How Wealthy Is Oakdale, Minnesota?
Oakdale has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $93,714, about 4% higher than the Minnesota average of $89,852.
How fast is household income rising in Oakdale, Minnesota?
Between 2009 and 2024, the median household income in Oakdale, Minnesota rose 45%, from $64,575 to $93,714. Over the same years, income here lagged behind Minnesota as a whole: +45% against +57%.
What was the median household income in Oakdale in 2023?
In 2023, the median household income in Oakdale, Minnesota was $89,935, up 5% from $85,349 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Oakdale in 2020?
In 2020, the median household income in Oakdale, Minnesota was $73,143. By 2024 it had risen 28% to $93,714.
What is the Gini coefficient in Oakdale, Minnesota?
The Gini coefficient in Oakdale is 0.484. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Oakdale, Minnesota?
Since 2009, the income gap between men and women in Oakdale, Minnesota has narrowed from about 17% to 16% in 2024. Over that period the gap was widest at 19% in 2012, and was narrowest at 12% in 2017. In dollar terms, the gap has widened by $2,472 since 2009.
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