Oak Ridge, Florida Income Statistics
Oak Ridge Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Oak Ridge Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Oak Ridge | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $54,303 | $74,580 | $80,455 |
| Median Personal Income | $34,394 | $52,322 | $60,758 |
| Average Yearly Income Growth | 7.2% | 5.4% | 4.8% |
| Six-Figure Earners | 1.0% | 11.6% | 13.9% |
| $200k+ Households | 0.6% | 11.0% | 13.2% |
The median household income in Oak Ridge is about 27% lower than in Florida. Income has been growing faster in Oak Ridge (7.2%/yr) than in Florida (5.4%/yr).
About 1% of adults in Oak Ridge earn six figures ($100,000 or more) a year, lower than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Oak Ridge, Florida grew by 50.8% from 2009 to 2024, reaching $54,303 in 2024. That's an average of about 7.2% per year.
Income Inequality and the Gender Pay Gap in Oak Ridge
| Metric | Oak Ridge | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.476 | 0.551 | 0.552 |
| Male Median Income | $37,440 | $60,595 | $69,667 |
| Female Median Income | $34,639 | $50,762 | $56,850 |
| Gender Pay Gap | 7.5% | 16.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Oak Ridge, it is 0.476, lower than Florida's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 8% more than women's income in Oak Ridge, Florida. Over a 35-year career, a 8% wage gap accumulates to roughly $98,035 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Oak Ridge, Florida has narrowed from about 17% to 7% in 2024. Over that period the gap in 2014 women out-earned men by 18%. In dollar terms, the gap has narrowed by $2,007 since 2009.
Employment
| Metric | Oak Ridge | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.5% | 4.8% | 5.2% |
| Working from Home | 4.6% | 15.7% | 15.0% |
| Commute time (minutes) | 25 | 23 | 22 |
Approximately 882 people are unemployed in Oak Ridge, Florida.
The average commute time in Oak Ridge is 25 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oak Ridge, Florida has fallen from 11.5% to 7.5% in 2024. Over that period the rate peaked at 13.2% in 2012 and fell as low as 5.1% in 2018.
Conclusion
Considering all these factors, Oak Ridge, Florida has an overall wealth index grade of D, making it somewhat worse than Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Oak Ridge, Florida.
How Wealthy Is Oak Ridge, Florida?
Oak Ridge has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $54,303, about 27% lower than the Florida average of $74,580.
Are incomes growing in Oak Ridge, Florida?
Between 2009 and 2024, the median household income in Oak Ridge, Florida rose 51%, from $36,016 to $54,303. Over the same years, income here lagged behind Florida as a whole: +51% against +57%.
What was the median household income in Oak Ridge in 2023?
In 2023, the median household income in Oak Ridge, Florida was $54,691, up 9% from $50,214 in 2022. The Florida median that year was $71,864.
What was the median household income in Oak Ridge in 2020?
In 2020, the median household income in Oak Ridge, Florida was $40,413. By 2024 it had risen 34% to $54,303.
How strong is the job market in Oak Ridge, Florida?
Unemployment in Oak Ridge, Florida is 7.5%, well above the Florida rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Oak Ridge, Florida?
The Gini coefficient in Oak Ridge is 0.476. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Oak Ridge, Florida?
Since 2009, the income gap between men and women in Oak Ridge, Florida has narrowed from about 17% to 7% in 2024. Over that period the gap in 2014 women out-earned men by 18%. In dollar terms, the gap has narrowed by $2,007 since 2009.
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