Red Oak, OK Profile: Facts & Data

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Red Oak, Oklahoma - Basic Facts

The Town of Red Oak had a population of 510 as of July 1, 2023.

The primary coordinate point for Red Oak is located at latitude 34.9509 and longitude -95.0802 in Latimer County. The formal boundaries for the Town of Red Oak encompass a land area of 0.93 sq. miles and a water area of 0 sq. miles. Latimer County is in the Central time zone (GMT -6).

The Town of Red Oak has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Oklahoma is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Red Oak is located within Red Oak Division of Latimer County.


Jump to... (On This Page!)
  1. Red Oak 2023 Demographic Data
  2. Growth Rates for Red Oak (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Oklahoma Research Tools (Easy Tools & Current Data)
  3. Oklahoma Data Comparison Tool - 2023 Demographics
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Red Oak, OK Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 510 (100%)
Population in Households 510 (100.0%)
Population in Families 408 (80.0%)
Population in Group Quarters1 0
Population Density 436
Diversity Index2 54
 
 

INCOME

Median Household Income $34,824
Average Household Income $60,193
% of Income for Mortgage4 18%
Per Capita Income $26,083
Wealth Index5 45
Socioeconomic Status Index6 Low (43.7)
 

HOUSING

Total HU (Housing Units) 248 (100%)
Owner Occupied HU 173 (69.8%)
Renter Occupied HU 48 (19.4%)
Vacant Housing Units 27 (10.9%)
Median Home Value $104,605
Average Home Value $135,694
Housing Affordability Index3 145
 

HOUSEHOLDS

Total Households 221
Average Household Size 2.31
Family Households 142
Average Family Size 3.00
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.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -1.57% -1.29%
Households -1.48% -0.73%
Families   -1.60%
Median Household Income   2.77%
Per Capita Income   1.83%
Owner Occupied HU   -1.06%

Red Oak, OK - Peer Comparisons by Rank and Percentile

The table below compares Red Oak to the other 845 incorporated cities, towns and CDPs in Oklahoma by rank and percentile using July 1, 2023 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 # 339 60th
Population Density # 367 57th
Median Household Income # 780 8th
Housing Affordability Index # 484 57th
Per Capita Income # 520 39th
Diversity Index # 418 51st

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

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