Oak Island has a population of approximately 8,252 and experiences a population change rate of 25.58%. The population density is 442.5 / sq mi .
Oak Island has a population of approximately 8,252 and experiences a population change rate of 25.58%. The population density is 442.5 / sq mi .
The median household income for Oak Island is $85,802, with 3,778 households and an average household size of 2.18.
The median value of a home in Oak Island is $498,800 with an appreciation rate of 24.70%. 33.68% of housing in the state is owned while 5.14% is rented.
The cost of living in Oak Island is 108.6 %.
The unemployment rate in Oak Island is 3.70%, and recent job growth is at 4.09%. Future job growth is projected at 65.39%.
The sales tax rate in Oak Island is 6.75%, while the income tax rate is 4.99% .
School expenditures in Oak Island are $12,898, and the school ratio is 16.1:1.
The average high temperature in July is 90.3 degrees, with an average low temperature in January of 34.5 degrees. The average rainfall is approximately 55.9 inches per year, with 1.1 inches of snow per year.