COUNTY DEMOGRAPHICS
Demographics
•
•
•
•
•
•
•
•
•
With more than 1.2 million residents, Oakland County is the 2nd most populous county in
Michigan and 31st most populous nationally
Oakland County is home to nearly 30% of the 6-county Metro Detroit region's population
Since 2010, Oakland County's population has grown by 3% - the fastest rate of growth in
Metro Detroit
Oakland County has nearly 500,000 households, the 29th most among all counties, and an
average household size of nearly 2.5 residents
70% of Oakland County's households are owner-occupied
Nearly 30% of all Oakland County households have children younger than 18 living at home
There are more than 208,000 school-aged children (children aged 6-17) living in Oakland
County, nearly 30% of the region's total school-aged population
21% of Oakland County's residents are age 65 or over
44% of Oakland County residents have at least a bachelor's degree, the second highest
percentage in Michigan
Source: U.S. Census Bureau
Economic Data
•
•
•
•
•
•
•
•
•
Oakland County is Michigan's employment hub with nearly 690,000 workers employed
here
More than 260,000 workers commute into Oakland County everyday
The County has seen the addition of more than 97,000 jobs since the low-point of the
recent recession in the first quarter of 2010
Oakland County is forecast to add another 49,032 jobs through 2017
Oakland County has a diverse economy with the top three employment sectors being
Professional and Business Services (26%); Trade, Transportation, and Utilities (18%), and
Private Education and Health Services (16%)
The County's unemployment rate has dropped to 4.9% since hitting a high of 15.0% in July
2009; the rate is forecast to drop even further, to 4.3%, by 2017
With a per capita income of $57,035, Oakland County has the highest per capita income in
the state and the 12thhighest nationally among all counties with at least a million residents
Oakland County is home to nearly 1,000 firms from 39 foreign countries
With nearly $54 billion in goods exported from the area, the Metro Detroit region ranks 4th
nationally for total exports
Sources: U.S. BLS, U.S. Census Bureau, U.S. ITA, Oakland County Economic Outlook