North Oaks, MN Profile: Facts & Data

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North Oaks, Minnesota - Basic Facts

The City of North Oaks had a population of 5,362 as of July 1, 2023.

The primary coordinate point for North Oaks is located at latitude 45.1027 and longitude -93.0791 in Ramsey County. The formal boundaries for the City of North Oaks encompass a land area of 6.92 sq. miles and a water area of 1.71 sq. miles. Ramsey County is in the Central time zone (GMT -6).

The City of North Oaks has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.


Jump to... (On This Page!)
  1. North Oaks 2023 Demographic Data
  2. Growth Rates for North Oaks (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2023 Demographics
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North Oaks, MN Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 5,362 (100%)
Population in Households 5,315 (99.1%)
Population in Families 4,769 (88.9%)
Population in Group Quarters1 47 ( 0.9%)
Population Density 776
Diversity Index2 31
 
 

INCOME

Median Household Income $200,001
Average Household Income $282,573
% of Income for Mortgage4 20%
Per Capita Income $105,361
Wealth Index5 383
Socioeconomic Status Index6 High (75.9)
 

HOUSING

Total HU (Housing Units) 2,133 (100%)
Owner Occupied HU 1,571 (73.7%)
Renter Occupied HU 428 (20.1%)
Vacant Housing Units 134 ( 6.3%)
Median Home Value $661,326
Average Home Value $739,004
Housing Affordability Index3 120
 

HOUSEHOLDS

Total Households 1,999
Average Household Size 2.66
Family Households 1,567
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.52% 0.16%
Households 0.42% 0.24%
Families   0.20%
Median Household Income   0.00%
Per Capita Income   1.80%
Owner Occupied HU   0.55%

North Oaks, MN - Peer Comparisons by Rank and Percentile

The table below compares North Oaks to the other 914 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 145 84th
Population Density # 365 60th
Median Household Income # 1 100th
Housing Affordability Index # 551 60th
Per Capita Income # 3 100th
Diversity Index # 244 74th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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