Age of householder
Per the latest American Community Survey by the Census Bureau, Fair Oaks sees its highest median household income among householders in the age group of 65 years and over old, at $58,099. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Fair Oaks only reports a median household income of $58,099 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $24,404(72.43%), escalating from a median of $33,695 in 2011 to $58,099 in 2021.
- 0 households where the householder is under 25 years old.
- 1(2.50%) households with a householder aged between 25 and 44 years.
- 5(12.50%) households with a householder aged between 45 and 64 years.
- 34(85%) households where the householder is over 65 years old.
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Gender
In Fair Oaks, the population consists of 43 males (72.88%) and 16 females (27.12%). Here are the primary highlights from the gender-based income distribution analysis:
- In Fair Oaks, while the Census reported a median income of $57,527 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $57,721 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Fair Oaks, while the Census reported a median income of $57,527 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Fair Oaks, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $57,721 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Year by year
Fair Oaks, OK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Fair Oaks decreased by $10,667 (15.49%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2012 to 2013, when the median household income increased by 103,871 (from $98,461 to $202,332). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 150,623 (from $202,332 to $51,709).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.2358, it is evident that income distribution in Fair Oaks, OK exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $74,012.
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