Age of householder
Per the latest American Community Survey by the Census Bureau, Oak Grove sees its highest median household income among householders in the age group of 45 to 64 years old, at $46,614. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Oak Grove, where there exist only two delineated age groups, the median household income is $46,614 for householders within the 45 to 64 years age group, compared to $18,845 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $12,290(35.81%), escalating from a median of $34,324 in 2011 to $46,614 in 2021.
- 38(6.06%) households where the householder is under 25 years old.
- 155(24.72%) households with a householder aged between 25 and 44 years.
- 313(49.92%) households with a householder aged between 45 and 64 years.
- 121(19.30%) households where the householder is over 65 years old.
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Gender
In Oak Grove, the population consists of 831 males (52.17%) and 762 females (47.83%). Here are the primary highlights from the gender-based income distribution analysis:
- In Oak Grove, the median income for all workers aged 15 years and older, regardless of work hours, was $17,248 for males and $16,249 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $42,165 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Oak Grove, the median income for all workers aged 15 years and older, regardless of work hours, was $17,248 for males and $16,249 for females.
- In Oak Grove, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $42,165 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Oak Grove, the population is predominantly White, constituting 60.89% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $40,027.
- In Oak Grove, White is both the largest group and the one with the highest median household income, which stands at $40,027.
- In Oak Grove, the median household income for the households where the householder is White increased by $9,269(30.14%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $30,758 in 2011 and $40,027 in 2021.
- In Oak Grove, the median household income for the households where the householder is Black or African American decreased by $5,105(22.07%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $23,134 in 2011 and $18,029 in 2021.
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Year by year
Oak Grove, LA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Oak Grove increased by $429 (1.49%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2014 to 2015, when the median household income increased by 2,189 (from $33,662 to $35,851). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 6,756 (from $33,889 to $27,133).
- It then further increased to $39,129 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5515, it is evident that income distribution in Oak Grove, LA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $47,535. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $13,938.
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