Oak Island, NC Median Household Income By Race

In Oak Island, there are just two different racial groups among households. Among these, White households report a median household income of $94,277, while Two or More Races households have a median household income of $92,244.
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Updated Jan 4, 2024

Median Household Income by Racial Categories in Oak Island, NC (2021, in 2022 inflation-adjusted dollars)

This table presents the median household income across different racial categories in Oak Island, based on the latest 5-Year estimates from the American Community Survey, when adjusted for the inflation.

Race Of The Head Of Household Median Household Income
White $94,277
Two or More Races $92,244
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Avg Income Age group Avg Income Diversity Index Population Gender ratio (M:F) Homeownership % Avg commute time Custom Dataset: Oak Island Self-employed, multilingual, car-commuting, insured individuals 15 to 24 years $27,865 75 27,354 0.75 0.5% 55 min 25 to 44 years $44,231 90 37,459 0.86 19% 43 min 45 to 64 years $53,865 95 42,167 0.77 35% 15 min 65 to 74 years $51,800 74 32,972 0.91 45% 13 min 75 to 84 years $41,234 66 26,758 0.87 66% 42 min 85 years and over $36,093 56 18,857 0.89 76% 45 min

Oak Island, NC median household income diversity

Based on our analysis of the distribution of Oak Island population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 94.86% of the total residents in Oak Island. Notably, the median household income for White households is $94,277.

Interestingly, White is both the largest group and the one with the highest median household income, which stands at $94,277.

For a better visual representation of these income disparities, take a look at the bar chart below. It illustrates the varying median household incomes across races, providing a clear comparison for each of the racial categories defined by the U.S. Census Bureau. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).

The bar chart shows Oak Island, NC median household income across all racial categories identified by the U.S. Census Bureau. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
Oak Island, NC median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

As we explore median household incomes in Oak Island, we observe that White households report a median income of about $94,277, while Two or More Races households earn around $92,244. These differences shed light on the income distribution within the town of Oak Island.

Oak Island, NC median household income trends across races

A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Oak Island, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the town of Oak Island.

Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:

  • White: In Oak Island, the median household income for the households where the householder is White increased by $30,602(48.06%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $63,675 in 2011 and $94,277 in 2021.
  • Black or African American: In Oak Island, the median household income for Black or African American households was $31,667 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
  • American Indian and Alaska Native: Even though there is a population where the householder is American Indian and Alaska Native, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
  • Asian: In Oak Island, the median household income for Asian households was $3,268 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
  • Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Oak Island, there are no households with Native Hawaiian and Other Pacific Islander householders. Consequently, the median household income for the Native Hawaiian and Other Pacific Islander population is not available.
  • Some other race: According to U.S. Census Bureau population data for Oak Island, Some other race-led households are absent, rendering the median household income for the Some other race population inconclusive.
  • Two or more races (multiracial): In Oak Island, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $92,244(2022 inflation-adjusted dollars), marking a significant change.
  • Above analysis reconfirms that there are 2 race households in Oak Island. Households are categorized based on the self-identified race of the head of household.
Line chart showing Oak Island, NC median household income trends for all racial categories identified by the U.S. Census Bureau. The chart illustrates income trends between 2011 and 2021, with incomes values adjusted for inflation using 2022 Consumer Price Index retroactive series using current methods. It provides insights into income disparities and variations across racial categories, aiding in data analysis and decision-making.
Oak Island, NC median household income trends across races (2011-2021, in 2022 inflation-adjusted dollars). Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $92,244. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $31,667 in median income. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Oak Island median household income by race betwen 2011 and 2021

Explore the evolution of median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau. This table showcases the annual income trends, from 2011 to 2021, providing insights into the economic shifts within diverse racial communities.

Race Of The Head Of Household 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
White $65,174 $63,675 $64,127 $61,856 $62,125 $64,456 $65,142 $70,336 $76,679 $83,327 $81,874 $94,277 N/A
Black or African American $27,245 $31,667 $30,607 $30,464 $30,518 N/A N/A N/A N/A N/A N/A N/A N/A
Asian $3,372 $3,268 $3,201 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Some Other Race N/A N/A N/A N/A N/A N/A $53,698 $55,527 $54,398 N/A N/A N/A N/A
Two or More Races $36,985 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A $92,244 N/A
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Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $92,244. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $31,667 in median income.

Things to know

Which racial group has the highest median household income according to the Census Bureau in Oak Island, NC?

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2017-2021 5-Year Estimates, households with White householders in Oak Island have the highest median household income at $94,277.

How does the median household income vary by race in Oak Island, NC?

In Oak Island, the median household income As we explore median household incomes in Oak Island, we observe that White households report a median income of about $94,277, while Two or More Races households earn around $92,244. These differences shed light on the income distribution within the town of Oak Island..

Which racial group has the lowest median household income according to the Census Bureau in Oak Island, NC?

Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2017-2021 5-Year Estimates, households headed by individuals identifying as Two or More Races in Oak Island exhibit the lowest median household income at $92,244 among the identified racial categories.

What is the median household income for White households in Oak Island, NC?

In Oak Island, the median household income for the households where the householder is White increased by $30,602(48.06%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $63,675 in 2011 and $94,277 in 2021.

What is the median household income for Black or African American households in Oak Island, NC?

In Oak Island, the median household income for Black or African American households was $31,667 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.

References

Datasets

Explore datasets by year of publication.
2023
Median Household Income by Racial Categories in Oak Island, NC (2021, in 2022 inflation-adjusted dollars)
Last updated January 3, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset

Context

The dataset presents the median household income across different racial categories in Oak Island. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. The dataset can be utilized to gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories.

Key observations

Based on our analysis of the distribution of Oak Island population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 94.86% of the total residents in Oak Island. Notably, the median household income for White households is $94,277. Interestingly, White is both the largest group and the one with the highest median household income, which stands at $94,277.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Racial categories include:

  • White
  • Black or African American
  • American Indian and Alaska Native
  • Asian
  • Native Hawaiian and Other Pacific Islander
  • Some other race
  • Two or more races (multiracial)

Variables / Data Columns

  • Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Oak Island.
  • Median household income: Median household income, adjusting for inflation, presented in 2022-inflation-adjusted dollars

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Oak Island median household income by race. You can refer the same here

Oak Island, NC median household income breakdown by race betwen 2011 and 2021
Last updated January 3, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset

Context

The dataset presents the median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau in Oak Island. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. It also showcases the annual income trends, between 2011 and 2021, providing insights into the economic shifts within diverse racial communities.The dataset can be utilized to gain insights into income disparities and variations across racial categories, aiding in data analysis and decision-making..

Key observations

  • White: In Oak Island, the median household income for the households where the householder is White increased by $30,602(48.06%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $63,675 in 2011 and $94,277 in 2021.
  • Black or African American: In Oak Island, the median household income for Black or African American households was $31,667 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
  • Refer to the research insights for more key observations on American Indian and Alaska Native, Asian, Native Hawaiian and Other Pacific Islander, Some other race and Two or more races (multiracial) households
Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Racial categories include:

  • White
  • Black or African American
  • American Indian and Alaska Native
  • Asian
  • Native Hawaiian and Other Pacific Islander
  • Some other race
  • Two or more races (multiracial)

Variables / Data Columns

  • Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Oak Island.
  • 2010: 2010 median household income
  • 2011: 2011 median household income
  • 2012: 2012 median household income
  • 2013: 2013 median household income
  • 2014: 2014 median household income
  • 2015: 2015 median household income
  • 2016: 2016 median household income
  • 2017: 2017 median household income
  • 2018: 2018 median household income
  • 2019: 2019 median household income
  • 2020: 2020 median household income
  • 2021: 2021 median household income
  • 2022: 2022 median household income
  • Please note: 2020 1-Year ACS estimates data was not reported by Census Bureau due to impact on survey collection and analysis during COVID-19, thus for large cities (population 65,000 and above) median household income data is not available.
  • Please note: All incomes have been adjusted for inflation and are presented in 2022-inflation-adjusted dollars.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Oak Island median household income by race. You can refer the same here

If you're looking for datasets from another year, please feel free to contact us at research@neilsberg.com and we'll be happy to assist you further.

Explore more

Median household income of places that contain Oak Island (in 2022 dollars)

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Neilsberg Research
Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

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