Gender
In Oldham County, the population consists of 35,588 males (52.66%) and 31,998 females (47.34%). Here are the primary highlights from the gender-based income distribution analysis:
- In Oldham County, the median income for all workers aged 15 years and older, regardless of work hours, was $62,445 for males and $36,352 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $88,683 for males and $60,892 for females.
- In Oldham County, the median income for all workers aged 15 years and older, regardless of work hours, was $62,445 for males and $36,352 for females.
- In Oldham County, among full-time, year-round workers aged 15 years and older, males earned a median income of $88,683, while females earned $60,892, leading to a 31% gender pay gap among full-time workers. This illustrates that women earn 69 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Oldham County, the population is predominantly White, constituting 89.48% 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 $117,329.
- In Oldham County, White is both the largest group and the one with the highest median household income, which stands at $117,329.
- In Oldham County, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $117,329, marking a significant change.
- In Oldham County, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $90,981, marking a significant change.
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Year by year
Oldham County, KY median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Oldham County increased by $11,544 (10.77%), 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 4,883 (from $105,581 to $110,464). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 1,461 (from $107,977 to $106,516).
- It then further increased to $216,351 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4328, it is evident that income distribution in Oldham County, KY exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $126,654. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $37,242.
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