Oak Island, NC Profile: Facts & Data

The Town of Oak Island had a population of 9,278 as of July 1, 2024. Oak Island ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in North Carolina. See peer rankings below.

The primary coordinate point for Oak Island is located at latitude 33.9166 and longitude -78.1611 in Brunswick County. The formal boundaries for the Town of Oak Island encompass a land area of 18.65 sq. miles and a water area of 1.36 sq. miles. Brunswick County is in the Eastern time zone (GMT -5).

The Town of Oak Island 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.

Oak Island, NC Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	9,278 (100%)
Population in Households	9,278 (100.0%)
Population in Families	6,992 (75.4%)
Population in Group Quarters¹	0
Population Density	481
Diversity Index²	17


INCOME
Median Household Income	$87,951
Average Household Income	$132,516
% of Income for Mortgage⁴	31%
Per Capita Income	$67,286
Wealth Index⁵	166
Socioeconomic Status Index⁶	Moderate (57.9)

HOUSING
Total HU (Housing Units)	10,860 (100%)
Owner Occupied HU	3,957 (36.4%)
Renter Occupied HU	754 ( 6.9%)
Vacant Housing Units	6,149 (56.6%)
Median Home Value	$428,560
Average Home Value	$504,378
Housing Affordability Index³	84

HOUSEHOLDS
Total Households	4,711
Average Household Size	1.97
Family Households	2,946
Average Family Size	2.00

NOTES

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.
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.
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.
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).
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.
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.

Oak Island, NC - Peer Comparisons by Rank and Percentile

The table below compares Oak Island to the other 777 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	2.38%	1.86%
Households	2.53%	2.19%
Families		2.20%
Median Household Income		2.80%
Per Capita Income		3.09%
Owner Occupied HU		2.71%

Variable Description	Rank	Percentile
Total Population	# 104	87th
Population Density	# 469	40th
Median Household Income	# 115	85th
Housing Affordability Index	# 211	27th
Per Capita Income	# 31	96th
Diversity Index	# 756	3rd

Oak Island, NC Profile: Facts & Data

Oak Island, North Carolina - Basic Facts

Oak Island, NC Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Oak Island, NC - Peer Comparisons by Rank and Percentile

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