Oakland is located close to the center of Illinois. Oakland is between the Coles, Douglas, Edgar county. Oakland has 0.83 square miles of land area and 0.04 square miles of water area. As of 2010-2014, the total Oakland population is 751, which has shrunk 24.60% since 2000. The population growth rate is much lower than the state average rate of 3.62% and is much lower than the national average rate of 11.61%. Oakland median household income is $42,578 in 2010-2014 and has grown by 25.09% since 2000. The income growth rate is higher than the state average rate of 22.70% and is lower than the national average rate of 27.36%. Oakland median house value is $66,700 in 2010-2014 and has grown by 23.98% since 2000. The house value growth rate is lower than the state average rate of 34.33% and is much lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Oakland is close to the state average in quality. The Oakland area code is 217.