The Town of Oak City, formerly known as Goose Nest, is located in Martin County, North Carolina. Its population was 317 at the 2010 census. In 1888, the town was founded as a farming community and established a post office. During the early twentieth century, the town expanded its educational and religious offerings. Businesses began to pop up, including general stores, boarding houses, and a grist mill.
The wealthiest households in Oak City, NC have the most net worth. A high net worth indicates that Oak City is wealthy compared to other places. The wealth of people living in Oak City is measured by a wealth index. It shows how rich a community is compared to its neighboring and parent cities. A value above 100 means that the community is richer than the average U.S. city, while a value below 100 is poor. The table below compares the wealth and income of Oak City, NC to 739 other incorporated cities in the state. The values are logarithmic, which makes them easier to understand. The highest wealth index is ranked #1, while the lowest is ranked 75th.
The population of Oak City was fairly even. Only ten percent of the county's residents were foreign-born. Its median house value was $26,458, and its percentage of foreign-born residents was 15.3% lower than the state average. The median age of the population was 45, and the percentage of individuals with a bachelor's degree was 32.7%. The number of households was below the state average in 2015, and the proportion of senior citizens living alone was much lower.