Oak Ridge is a somewhat small town located in the state of North Carolina. With a population of 7,776 people and two associated neighborhoods, Oak Ridge is the 124th largest community in North Carolina. Oak Ridge has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Oak Ridge, where the median household income is $146,131.00.
Oak Ridge home prices are not only among the most expensive in North Carolina, but Oak Ridge real estate also consistently ranks among the most expensive in America.
Also of interest is that Oak Ridge has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 24.10% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Oak Ridge is a great place for families with children to consider. First of all, many other families with children live here, making Oak Ridge a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Oak Ridge has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Oak Ridge’s overall crime rate is lower than average for the country.
Being a small town, Oak Ridge does not have a public transit system used by locals to get to and from work.
Oak Ridge is one of the most well-educated cities in the nation. 47.00% of adults in Oak Ridge have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.
The per capita income in Oak Ridge in 2022 was $60,198, which is wealthy relative to North Carolina and the nation. This equates to an annual income of $240,792 for a family of four.
Oak Ridge is a very ethnically-diverse town. The people who call Oak Ridge home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Oak Ridge residents report their race to be White, followed by Asian. Important ancestries of people in Oak Ridge include English, German, Irish, Italian, and Polish.
The most common language spoken in Oak Ridge is English. Other important languages spoken here include Chinese and Vietnamese.