Facts & Stats
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Business Development Team 2100 Pontiac Lake Road Building 41W Waterford, MI 48328 (248) 858-0792 Monday - Friday 8:30 AM - 5:00 PM

Facts & Stats

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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 $63,454, Oakland County has the highest per capita income in the state and the 12th highest 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        

2016 Oakland County Economic Outlook Forecast
2016 Oakland County EDCA Annual Report
Top 25 Employers in Oakland County
Oakland County Local Area Unemployment Statistics
Oakland County Per Capita Income Comparison

Real Estate - Residential & Commercial,
  • The median sales price for a single-family home in Oakland County in 2014 was $184,142 – up nearly 70% from 2010
  • In 2014 there were a net total of 1,928 new residential building permits – up 230% from 2010
  • Single-family homes made up 85% of all residential building permits issued in the County in 2014
  • Oakland County has led all counties in Metro Detroit in new housing since 2012
  • In 2013 Oakland County led the region in nonresidential development with more than 3.2 million square feet completed or under construction
  • Commercial uses made up the bulk of the new space with more than 1.1 million square feet, followed by Medical (920,0002), Industrial (730,0002), and Institutional (480,0002)
  • Regionally, there was more than 5.1 million square feet of nonresidential floorspace completed in 2013 (up 31% from 2012) with a total value of nearly $211 million

Source: Realcomp II Ltd; SEMCOG

Workforce,
  • ​Oakland County has a labor force of nearly 630,000 participants – 31% of Metro Detroit's total labor force of more than 2 million
  • The Combined Statistical Area (CSA) which also includes nearby Ann Arbor and Flint adds another half million participants into the labor force
  • 44% of Oakland County residents have at least a bachelor's degree, the second highest percentage in Michigan
  • There are more than 300,000 residents in Metro Detroit with degrees in science and engineering fields
  • Metro Detroit has the highest concentration of mechanical engineers in the United States and the 10th highest concentration of industrial engineers
  • In 2013, Michigan became the 24th Right to Work state in the union
  • Union membership in the manufacturing sector in Michigan was 15.8% in 2014, down from 17.4% in 2010
  • The County's Workforce Development department, in conjunction with the state's local Michigan Works! offices offer a wide range of programs designed to help employers find the talent they need

Source: U.S. BLS, LAUS; U.S. Census Bureau, ACS 2013 1-year estimates; U.S. BLS


Employment Sector

Employment Share by Sector 

Employment Subsector

Employment Share by Subsector 

Commute Time

Commute Time 

Oakland County Local Area Unemployment Statistics