Age of householder
Per the latest American Community Survey by the Census Bureau, Oak Grove Village sees its highest median household income among householders in the age group of 45 to 64 years old, at $79,717. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Oak Grove Village, the median household income stands at $79,717 for householders within the 45 to 64 years age group, followed by $48,979 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $47,797.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $36,608(84.92%), escalating from a median of $43,109 in 2011 to $79,717 in 2021.
- 2(1.49%) households where the householder is under 25 years old.
- 53(39.55%) households with a householder aged between 25 and 44 years.
- 33(24.63%) households with a householder aged between 45 and 64 years.
- 46(34.33%) households where the householder is over 65 years old.
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Gender
In Oak Grove Village, the population consists of 222 males (55.50%) and 178 females (44.50%). Here are the primary highlights from the gender-based income distribution analysis:
- In Oak Grove Village, the median income for all workers aged 15 years and older, regardless of work hours, was $25,048 for males and $20,568 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $39,183 for males and $34,995 for females.
- In Oak Grove Village, the median income for all workers aged 15 years and older, regardless of work hours, was $25,048 for males and $20,568 for females.
- In Oak Grove Village, among full-time, year-round workers aged 15 years and older, males earned a median income of $39,183, while females earned $34,995, resulting in a 11% gender pay gap among full-time workers. This illustrates that women earn 89 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the village of Oak Grove Village.
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Race
In Oak Grove Village, the population is predominantly White, constituting 74.75% 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 $46,614.
- In Oak Grove Village, despite the White 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 $50,331. This reveals that, while Whites may be the most numerous in Oak Grove Village, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Oak Grove Village, the median household income for the households where the householder is White increased by $14,066(43.22%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $32,548 in 2011 and $46,614 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Oak Grove Village, MO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Oak Grove Village increased by $15,415 (46.87%), 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 2018 to 2019, when the median household income increased by 12,178 (from $39,822 to $52,000). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 6,369 (from $33,733 to $27,364).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.4092, it is evident that income distribution in Oak Grove Village, MO exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $93,843.
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