salaryRent is higher than in 54% of U.S. cities. A typical house costs about 4.2 years of household income. Most households rent (56%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $69,600 a year. That is $33 an hour at a full-time job.
Is rent cheaper than other Georgia cities?
No. Rent here is more expensive than in most of Georgia. It is number 96 of 168 cities from cheapest to most expensive.
How much do households earn in Oakwood?
Share of households by yearly income. 19.3% of households earn $100,000 or more.
Rent by apartment size in Oakwood
| Size | Oakwood | U.S. average |
|---|---|---|
| Studio | $1,738 | $1,338 |
| 1 bedroom | $1,826 | $1,324 |
| 2 bedrooms | $1,375 | $1,509 |
| 3 bedrooms | $2,074 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Oakwood overall?
Everyday prices in Georgia overall are 4% below the U.S. average (index 96.3, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Oakwood, so the Georgia figure is shown.
Taxes and bills in Oakwood
Life in Oakwood
Is it cheaper to rent or buy in Oakwood?
Renting is cheaper right now: about $388 a month less.
Owning assumes a typical $306,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $30,670 for the down payment.
Frequently asked questions
What is the average rent in Oakwood, GA?
Renting in Oakwood costs a median of about $1,740 a month in 2026, including utilities. The Georgia median is $1,667.
How much do I need to make to live in Oakwood?
To keep rent under 30% of income, you need about $69,600 a year, or $33 an hour at a full-time job.
Is Oakwood cheap or expensive?
Oakwood is rated OK: rent takes 28.5% of the typical household income of $73,248. It ranks 96th cheapest of 168 Georgia cities we track.
How much are property taxes in Oakwood?
The median homeowner in Oakwood pays $2,695 a year in property taxes, about 0.88% of the median home value.
Is Oakwood more expensive than the national average?
Overall prices in Georgia are 4% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Oakwood?
The median home value in Oakwood is $306,700, about 4.2 times the typical yearly household income.
5,862 people live in Oakwood. Numbers are typical (middle) values.