Oaktown is located in southwest Indiana. Oaktown is between the Knox, Sullivan county. Oaktown has 0.27 square miles of land area and has no water area. As of 2010-2014, the total Oaktown population is 637, which has grown 0.63% since 2000. The population growth rate is much lower than the state average rate of 7.60% and is much lower than the national average rate of 11.61%. Oaktown median household income is $40,114 in 2010-2014 and has grown by 31.60% since 2000. The income growth rate is much higher than the state average rate of 17.25% and is higher than the national average rate of 27.36%. Oaktown median house value is $67,300 in 2010-2014 and has grown by 33.80% since 2000. The house value growth rate is higher than the state average rate of 30.12% and is 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 Oaktown is close to the state average in quality. The Oaktown area code is 812.