Oak Ridge, NC Profile: Facts & Data

Oak Ridge, North Carolina - Basic Facts

The Town of Oak Ridge had a population of 7,930 as of July 1, 2024.

The primary coordinate point for Oak Ridge is located at latitude 36.1735 and longitude -79.9889 in Guilford County. The formal boundaries for the Town of Oak Ridge encompass a land area of 16.18 sq. miles and a water area of 0.14 sq. miles. Guilford County is in the Eastern time zone (GMT -5).

The Town of Oak Ridge 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.

The Town of Oak Ridge is located within Township of Oak Ridge, a minor civil division (MCD) of Guilford County.

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

POPULATION
Total Population	7,930 (100%)
Population in Households	7,930 (100.0%)
Population in Families	7,457 (94.0%)
Population in Group Quarters¹	0
Population Density	474
Diversity Index²	47


INCOME
Median Household Income	$146,095
Average Household Income	$175,561
% of Income for Mortgage⁴	20%
Per Capita Income	$60,882
Wealth Index⁵	188
Socioeconomic Status Index⁶	High (65.4)

HOUSING
Total HU (Housing Units)	2,847 (100%)
Owner Occupied HU	2,480 (87.1%)
Renter Occupied HU	270 ( 9.5%)
Vacant Housing Units	97 ( 3.4%)
Median Home Value	$475,394
Average Home Value	$516,683
Housing Affordability Index³	120

HOUSEHOLDS
Total Households	2,750
Average Household Size	2.88
Family Households	2,350
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

2,847 (100%)

Owner Occupied HU

2,480 (87.1%)

Renter Occupied HU

270 ( 9.5%)

Vacant Housing Units

97 ( 3.4%)

Median Home Value

$475,394

Average Home Value

$516,683

Housing Affordability Index³

120

HOUSEHOLDS

Total Households

2,750

Average Household Size

2.88

Family Households

2,350

Average Family Size

3.00

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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.40%	0.91%
Households	1.85%	1.01%
Families		0.78%
Median Household Income		2.24%
Per Capita Income		3.01%
Owner Occupied HU		1.17%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

1.40%

0.91%

Households

1.85%

1.01%

Families

0.78%

Median Household Income

2.24%

Per Capita Income

3.01%

Owner Occupied HU

1.17%

Oak Ridge, NC - Peer Comparisons by Rank and Percentile

The table below compares Oak Ridge 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.

Variable Description	Rank	Percentile
Total Population	# 124	84th
Population Density	# 474	39th
Median Household Income	# 9	99th
Housing Affordability Index	# 542	70th
Per Capita Income	# 45	94th
Diversity Index	# 470	40th

Variable Description

Rank

Percentile

Total Population

# 124

84th

Population Density

# 474

39th

Median Household Income

# 9

99th

Housing Affordability Index

# 542

70th

Per Capita Income

# 45

94th

Diversity Index

# 470

40th

North Carolina Census Data Comparison Tool

Oak Ridge, NC Profile: Facts & Data

Oak Ridge, North Carolina - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Oak Ridge, NC - Peer Comparisons by Rank and Percentile

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