Age of householder
Per the latest American Community Survey by the Census Bureau, Oxford town sees its highest median household income among householders in the age group of 45 to 64 years old, at $138,323. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Oxford town, householders within the 45 to 64 years age group have the highest median household income at $138,323, followed by those in the 25 to 44 years age group with an income of $120,376. Meanwhile householders within the under 25 years age group report the second lowest median household income of $57,859. Notably, householders within the 65 years and over age group, had the lowest median household income at $47,016.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $30,183(33.46%), escalating from a median of $90,193 in 2011 to $120,376 in 2021.
- 111(2.31%) households where the householder is under 25 years old.
- 1,537(32.02%) households with a householder aged between 25 and 44 years.
- 2,079(43.31%) households with a householder aged between 45 and 64 years.
- 1,073(22.35%) households where the householder is over 65 years old.
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Gender
In Oxford town, the population consists of 6,403 males (47.79%) and 6,996 females (52.21%). Here are the primary highlights from the gender-based income distribution analysis:
- In Oxford town, the median income for all workers aged 15 years and older, regardless of work hours, was $54,676 for males and $39,280 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $73,701 for males and $67,388 for females.
- In Oxford town, the median income for all workers aged 15 years and older, regardless of work hours, was $54,676 for males and $39,280 for females.
- In Oxford town, among full-time, year-round workers aged 15 years and older, males earned a median income of $73,701, while females earned $67,388, resulting in a 9% gender pay gap among full-time workers. This illustrates that women earn 91 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 town of Oxford town.
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Race
In Oxford town, the population is predominantly White, constituting 91.23% 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 $108,218.
- In Oxford town, White is both the largest group and the one with the highest median household income, which stands at $108,218.
- In Oxford town, the median household income for the households where the householder is White increased by $18,569(20.71%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $89,649 in 2011 and $108,218 in 2021.
- In Oxford town, the median household income for Black or African American households was $112,623 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Oxford, Massachusetts median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Oxford town increased by $13,085 (14.73%), 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 2020 to 2021, when the median household income increased by 8,444 (from $93,484 to $101,928). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 4,242 (from $86,891 to $82,649).
- It then further increased to $183,056 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.365, it is evident that income distribution in Oxford, Massachusetts exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $136,009. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $53,595.
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