The town of Oakey, with approximately 3,901 residents, is located on the Warrego highway just 29kms north-west of Toowoomba. Local industries are rural based, with the emphasis on beef. A meatworks is located near the town. There are also coal mining operations in the surrounding districts. Just outside town, the Australian Army Aviation Centre provides a training facility and also hosts a Singapore Armed Forces Helicopter Squadron.
The town has a local hospital providing emergency services and inpatient care as well as a large co-located nursing home facility. There are two private general practices in the town. Oakey has a junior state school and state high school, as well as day-care and pre-school centres. The University of Queensland also has a campus for equine studies in the town.