Oakland is a city in New Jersey state in USA with a population of 12953 residents.. The poverty rate of Oakland is 3.2%, which is 77% lower than national average. The typical household in Oakland earns $140074 a year, compared to the national median of $67,500. Nearly 14% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Oakland, only 97% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Oakland remained 3.4%, which is 28% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Oakland, only 52% of adults have a bachelor's degree and 23% have some college but no degree.

Cost of living in Oakland is 138, which is 38% higher than national average. Median home value in Oakland is $472400 , which is 106% higher than national average. While median income in Oakland remained $140074, which is 108% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.