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Otter Creek, FL Median Household Income: Trends, Analysis, and Key Findings

The median household income in Otter Creek was $60,307 in 2021, which marked an an increase of 3,367(5.91%) from $56,940 in 2020. This income is 80.83% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
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By Neilsberg Research
Updated Jan 11, 2024

Median Household Income in Otter Creek, FL (2010-2021, in 2022 inflation-adjusted dollars)

Below, you will find a table illustrating the median household income in Otter Creek, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars.

Year Median Household Income YOY Change($) YOY Change(%)
2010 30,218 - -
2011 28,195 -2,023 -6.69%
2012 28,017 -178 -0.63%
2013 30,623 2,606 9.30%
2014 30,508 -115 -0.38%
2015 29,645 -863 -2.83%
2016 29,400 -245 -0.83%
2017 30,539 1,139 3.87%
2018 25,573 -4,966 -16.26%
2019 25,835 262 1.02%
2020 56,940 31,105 120.40%
2021 60,307 3,367 5.91%
Need Income insights or broader demographics data for Otter Creek?
We can help you with custom data for Otter Creek, other cities in Levy County, any place in Florida, or across the USA!
Avg Income Age group Avg Income Diversity Index Population Gender ratio (M:F) Homeownership % Avg commute time ✎ Custom Dataset: Otter Creek 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

TABLE OF CONTENTS

Otter Creek, FL median household income trends: 2010 to 2021

From 2010 to 2021, the median household income for Otter Creek increased by $30,089 (99.57%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.

Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 5 years and declined for 6 years.

The line chart shows Otter Creek, FL median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Otter Creek, FL median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. We observed that the median household income experienced growth year by year for 5 years and declined for 6 years. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 31,105 (from $25,835 to $56,940). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 4,966 (from $30,539 to $25,573).

In Florida, among cities with populations of fewer than 5,000 residents, Otter Creek ranks 82nd out of 176 for median household income. This rank indicates that it falls within the middle-income range of small cities within the state of Florida.

Things to know

What is the Gini index for Otter Creek, FL?

As per the Census Bureau, the Gini coefficient for Otter Creek is 0.2242. With this value of Gini coefficient, it is evident that income distribution in Otter Creek exihibits characterstics of moderate equality .

This also implies that the majority of households in Otter Creek enjoy fairly equitable access to income resources, contributing to a reasonably fair and even economic landscape.

What is the median household income in Otter Creek, FL?

As per the latest data available from American Community Survey, the median household income for Otter Creek is $60,307 (in 2022 inflation-adjusted dollars). The next release from the Census is scheduled for Dec 7, 2023. This income is 80.83% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).

How does Otter Creek, FL median household income compare to the rest of the United States?

In Florida, among cities with populations of fewer than 5,000 residents, Otter Creek ranks 82nd out of 176 for median household income. This rank indicates that it falls within the middle-income range of small cities within the state of Florida.

References

Datasets

Explore datasets by year of publication.
2023
Otter Creek, FL Median Household Income Trends (2010-2021, in 2022 inflation-adjusted dollars)
Last updated January 11, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset

Context

The dataset illustrates the median household income in Otter Creek, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars. Based on the latest 2017-2021 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2021, the median household income for Otter Creek increased by $30,089 (99.57%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.

Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 5 years and declined for 6 years.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

  • 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021

Variables / Data Columns

  • Year: This column presents the data year from 2010 to 2021
  • Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific year
  • YOY Change($): Change in median household income between the current and the previous year, in 2022 inflation-adjusted dollars
  • YOY Change(%): Percent change in median household income between current and the previous year

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 Otter Creek median household income. 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.

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Otter Creek, FL Income Otter Creek, FL Demographics

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About the author

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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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Collection 4 Resources