Age of householder
Per the latest American Community Survey by the Census Bureau, Seven Oaks sees its highest median household income among householders in the age group of 45 to 64 years old, at $55,116. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Seven Oaks only reports a median household income of $55,116 among householders in the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $11,489(17.25%), declining from a median of $66,605 in 2011 to $55,116 in 2021.
- 0 households where the householder is under 25 years old.
- 0 households with a householder aged between 25 and 44 years.
- 31(83.78%) households with a householder aged between 45 and 64 years.
- 6(16.22%) households where the householder is over 65 years old.
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Gender
In Seven Oaks, the population consists of 61 males (49.19%) and 63 females (50.81%). Here are the primary highlights from the gender-based income distribution analysis:
- In Seven Oaks, the median income for all workers aged 15 years and older, regardless of work hours, was $28,073 for males and $27,079 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census Bureau did not report the median income for both males and females due to an insufficient number of sample observations.
- In Seven Oaks, the median income for all workers aged 15 years and older, regardless of work hours, was $28,073 for males and $27,079 for females.
- In Seven Oaks, for full-time, year-round workers aged 15 years and older, the Census Bureau did not report the median income for both males and females due to an insufficient number of sample observations.
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Race
In Seven Oaks, the population is predominantly Black or African American, constituting 33.06% 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 $41,210.
- In Seven Oaks, despite the Black or African American population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $270,229. This reveals that, while Black or African Americans may be the most numerous in Seven Oaks, White households experience greater economic prosperity in terms of median household income.
- In Seven Oaks, the median household income for the households where the householder is White increased by $236,232(694.86%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $33,997 in 2011 and $270,229 in 2021.
- In Seven Oaks, the median household income for the households where the householder is Black or African American decreased by $24,823(37.59%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $66,033 in 2011 and $41,210 in 2021.
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Year by year
Seven Oaks, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Seven Oaks increased by $14,005 (34.07%), 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 2010 to 2011, when the median household income increased by 24,431 (from $41,111 to $65,542). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 31,655 (from $65,542 to $33,887).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.4446, it is evident that income distribution in Seven Oaks, TX exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $51,551.
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