Age of householder
Per the latest American Community Survey by the Census Bureau, Opa-Locka sees its highest median household income among householders in the age group of under 25 years old, at $79,430. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Opa-Locka, householders within the under 25 years age group have the highest median household income at $79,430, followed by those in the 45 to 64 years age group with an income of $39,119. Meanwhile householders within the 25 to 44 years age group report the second lowest median household income of $30,478. Notably, householders within the 65 years and over age group, had the lowest median household income at $15,734.
- Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $64,310(425.33%), escalating from a median of $15,120 in 2011 to $79,430 in 2021.
- 74(1.21%) households where the householder is under 25 years old.
- 1,808(29.68%) households with a householder aged between 25 and 44 years.
- 2,840(46.62%) households with a householder aged between 45 and 64 years.
- 1,370(22.49%) households where the householder is over 65 years old.
Read more about Opa-Locka, FL median household income by age ➔
Gender
In Opa-Locka, the population consists of 8,162 males (50.04%) and 8,148 females (49.96%). Here are the primary highlights from the gender-based income distribution analysis:
- In Opa-Locka, the median income for all workers aged 15 years and older, regardless of work hours, was $25,727 for males and $19,547 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $40,928 for males and $33,506 for females.
- In Opa-Locka, the median income for all workers aged 15 years and older, regardless of work hours, was $25,727 for males and $19,547 for females.
- In Opa-Locka, among full-time, year-round workers aged 15 years and older, males earned a median income of $40,928, while females earned $33,506, leading to a 18% gender pay gap among full-time workers. This illustrates that women earn 82 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.
Read more about Opa-Locka, FL income by gender ➔
Race
In Opa-Locka, the population is predominantly Black or African American, constituting 57.53% 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 $30,772.
- In Opa-Locka, 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 $51,090. This reveals that, while Black or African Americans may be the most numerous in Opa-Locka, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Opa-Locka, the median household income for the households where the householder is White decreased by $11,304(38.20%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $29,594 in 2011 and $18,290 in 2021.
- In Opa-Locka, the median household income for the households where the householder is Black or African American increased by $2,339(8.23%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $28,433 in 2011 and $30,772 in 2021.
Read more about Opa-Locka, FL median household income by race ➔
Year by year
Opa-Locka, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Opa-Locka increased by $2,481 (9.02%), 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 2020 to 2021, when the median household income increased by 4,489 (from $25,489 to $29,978). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 2,461 (from $29,046 to $26,585).
- It then further increased to $89,551 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4958, it is evident that income distribution in Opa-Locka, FL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $38,720. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $18,627.
Read more about Opa-Locka, FL median household income ➔