Oak Ridge, TX Profile: Facts & Data

The Town of Oak Ridge had a population of 255 as of July 1, 2024. Oak Ridge ranks in the upper quartile for Population Density and the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Texas. See peer rankings below.

The primary coordinate point for Oak Ridge is located at latitude 33.6482 and longitude -97.0383 in Cooke County. The formal boundaries for the Town of Oak Ridge encompass a land area of 0.11 sq. miles and a water area of 0 sq. miles. Cooke County is in the Central time zone (GMT -6).

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.

Texas is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Oak Ridge is located within Callisburg Division of Cooke County.

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

POPULATION
Total Population	255 (100%)
Population in Households	255 (100.0%)
Population in Families	209 (82.0%)
Population in Group Quarters¹	0
Population Density	2,257
Diversity Index²	50


INCOME
Median Household Income	$72,647
Average Household Income	$89,711
% of Income for Mortgage⁴	13%
Per Capita Income	$34,829
Wealth Index⁵	73
Socioeconomic Status Index⁶	High (44.9)

HOUSING
Total HU (Housing Units)	101 (100%)
Owner Occupied HU	77 (76.2%)
Renter Occupied HU	22 (21.8%)
Vacant Housing Units	2 ( 2.0%)
Median Home Value	$145,313
Average Home Value	$167,857
Housing Affordability Index³	186

HOUSEHOLDS
Total Households	99
Average Household Size	2.58
Family Households	66
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.

Oak Ridge, TX - Peer Comparisons by Rank and Percentile

The table below compares Oak Ridge to the other 1,863 incorporated cities, towns and CDPs in Texas 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	1.24%	0.62%
Households	1.48%	0.99%
Families		0.89%
Median Household Income		2.27%
Per Capita Income		4.26%
Owner Occupied HU		1.02%

Variable Description	Rank	Percentile
Total Population	# 1488	20th
Population Density	# 260	86th
Median Household Income	# 704	62nd
Housing Affordability Index	# 1665	89th
Per Capita Income	# 771	59th
Diversity Index	# 1507	19th

Oak Ridge, TX Profile: Facts & Data

Oak Ridge, Texas - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Oak Ridge, TX - Peer Comparisons by Rank and Percentile

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