Age of householder
Per the latest American Community Survey by the Census Bureau, Live Oak sees its highest median household income among householders in the age group of 25 to 44 years old, at $58,558. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Live Oak, the median household income stands at $58,558 for householders within the 25 to 44 years age group, followed by $39,676 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $37,084.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $23,145(65.36%), escalating from a median of $35,413 in 2011 to $58,558 in 2021.
- 213(8.69%) households where the householder is under 25 years old.
- 846(34.50%) households with a householder aged between 25 and 44 years.
- 704(28.71%) households with a householder aged between 45 and 64 years.
- 689(28.10%) households where the householder is over 65 years old.
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Gender
In Live Oak, the population consists of 3,415 males (50.44%) and 3,356 females (49.56%). Here are the primary highlights from the gender-based income distribution analysis:
- In Live Oak, the median income for all workers aged 15 years and older, regardless of work hours, was $27,655 for males and $21,159 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,238 for males and $36,502 for females.
- In Live Oak, the median income for all workers aged 15 years and older, regardless of work hours, was $27,655 for males and $21,159 for females.
- In Live Oak, among full-time, year-round workers aged 15 years and older, males earned a median income of $46,238, while females earned $36,502, leading to a 21% gender pay gap among full-time workers. This illustrates that women earn 79 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Live Oak, the population is predominantly Black or African American, constituting 42.17% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $36,993.
- In Live Oak, despite the Black or African American population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $57,743. This reveals that, while Black or African Americans may be the most numerous in Live Oak, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Live Oak, the median household income for the households where the householder is White increased by $5,213(10.08%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $51,696 in 2011 and $56,909 in 2021.
- In Live Oak, the median household income for the households where the householder is Black or African American increased by $10,737(40.89%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $26,256 in 2011 and $36,993 in 2021.
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Year by year
Live Oak, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Live Oak increased by $12,437 (33.93%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 9,198 (from $36,766 to $45,964). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 8,897 (from $39,290 to $30,393).
- It then further increased to $55,667 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4485, it is evident that income distribution in Live Oak, FL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $57,074. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,224.
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