Oldsmar, FL median household income diversity
Based on our analysis of the distribution of Oldsmar population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 80.38% of the total residents in Oldsmar. Notably, the median household income for White households is $74,769.
Interestingly, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $117,356. This reveals that, while Whites may be the most numerous in Oldsmar, Asian households experience greater economic prosperity in terms of median household income.
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).
In Oldsmar, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $117,356. Some Other Race households have a median income of approximately $109,105. White households have a median income of approximately $74,769. Conversely, Black or African American households reveal the lowest median income at $50,654. These disparities underscore the varied income distribution within the city of Oldsmar.
Oldsmar, FL median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Oldsmar, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Oldsmar.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Oldsmar, the median household income for the households where the householder is White increased by $37(0.05%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $74,732 in 2011 and $74,769 in 2021.
- Black or African American: In Oldsmar, the median household income for the households where the householder is Black or African American increased by $15,908(45.78%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $34,746 in 2011 and $50,654 in 2021.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Oldsmar, indicates a lack of households led by American Indian and Alaska Native individuals. As a result, the median household income for the American Indian and Alaska Native population is not available.
- Asian: In Oldsmar, the median household income for the households where the householder is Asian decreased by $63,123(34.98%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $180,479 in 2011 and $117,356 in 2021.
- Native Hawaiian and Other Pacific Islander: Even though there is a population where the householder is Native Hawaiian and Other Pacific Islander, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- Some other race: In Oldsmar, the median household income for the households where the householder is Some other race increased by $73,542(206.79%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $35,563 in 2011 and $109,105 in 2021.
- Two or more races (multiracial): Even though there is a population where the householder is multiracial, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- Above analysis reconfirms that there are 4 race households in Oldsmar. Households are categorized based on the self-identified race of the head of household.
Oldsmar 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 | $81,066 | $74,732 | $70,578 | $69,677 | $68,613 | $67,262 | $66,687 | $69,786 | $67,032 | $69,872 | $72,821 | $74,769 | N/A |
| Black or African American | $29,892 | $34,746 | $33,221 | $32,016 | $47,397 | $49,014 | N/A | $65,828 | $90,749 | $50,319 | $59,619 | $50,654 | N/A |
| American Indian and Alaska Native | N/A | N/A | N/A | N/A | N/A | $59,068 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asian | $139,339 | $180,479 | $86,075 | $103,301 | $82,627 | $81,958 | $67,021 | N/A | $71,942 | $57,112 | $61,615 | $117,356 | N/A |
| Some Other Race | $36,534 | $35,563 | $40,772 | N/A | N/A | N/A | N/A | N/A | $109,437 | $110,277 | $109,380 | $109,105 | N/A |
| Two or More Races | $58,265 | N/A | $59,616 | $62,843 | $60,499 | N/A | $151,003 | N/A | $150,750 | N/A | N/A | N/A | N/A |
Key observations: Households with Some other race householders witnessed significant growth in median household income, marking an impressive increase of $73,542. On the other hand, households where householder is Asian experienced a notable decline, with a decrease of $63,123 in median income.