Oakland Park, Florida Income Statistics
Oakland Park 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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C
Oakland Park Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Oakland Park | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,846 | $74,580 | $80,455 |
| Median Personal Income | $46,675 | $52,322 | $60,758 |
| Average Yearly Income Growth | 6.4% | 5.4% | 4.8% |
| Six-Figure Earners | 9.4% | 11.6% | 13.9% |
| $200k+ Households | 8.2% | 11.0% | 13.2% |
The median household income in Oakland Park is about 1% lower than in Florida. Income has been growing faster in Oakland Park (6.4%/yr) than in Florida (5.4%/yr).
About 9% of adults in Oakland Park 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 Oakland Park, Florida grew by 67.1% from 2009 to 2024, reaching $73,846 in 2024. That's an average of about 6.4% per year.
Income Inequality and the Gender Pay Gap in Oakland Park
| Metric | Oakland Park | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.521 | 0.551 | 0.552 |
| Male Median Income | $52,305 | $60,595 | $69,667 |
| Female Median Income | $47,282 | $50,762 | $56,850 |
| Gender Pay Gap | 9.6% | 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 Oakland Park, it is 0.521, 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 11% more than women's income in Oakland Park, Florida. Over a 35-year career, a 11% wage gap accumulates to roughly $175,805 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Oakland Park, Florida has narrowed from about 11% to 10% in 2024. Over that period the gap was widest at 19% in 2015, and was narrowest at 6% in 2018. In dollar terms, the gap has widened by $510 since 2009.
Employment
| Metric | Oakland Park | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 4.8% | 5.2% |
| Working from Home | 11.8% | 15.7% | 15.0% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 1,594 people are unemployed in Oakland Park, Florida.
The average commute time in Oakland Park is 22 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oakland Park, Florida has fallen from 13.2% to 5.8% in 2024. Over that period the rate peaked at 14.3% in 2013.
Oakland Park, FL Wealth Compared With Nearby Cities
How Oakland Park, FL compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Oakland Park, FL | 45,203 | $73,846 #2/3 | 6.4%/yr #1/3 | 5.8% #2/3 | 0.521 #1/3 |
| Fort Lauderdale, FL | 179,641 | $83,310 | 6.3%/yr | 5.3% | 0.548 |
| Lauderdale Lakes, FL | 35,781 | $50,621 | 4.7%/yr | 8.5% | 0.541 |
Conclusion
Considering all these factors, Oakland Park, Florida has an overall wealth index grade of C, making it about on par with Florida, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Oakland Park, Florida.
How Wealthy Is Oakland Park, Florida?
Oakland Park has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $73,846, about 1% lower than the Florida average of $74,580.
Are incomes growing in Oakland Park, Florida?
Between 2009 and 2024, the median household income in Oakland Park, Florida rose 67%, from $44,191 to $73,846. Over the same years, income here outpaced Florida as a whole: +67% against +57%.
What was the median household income in Oakland Park in 2023?
In 2023, the median household income in Oakland Park, Florida was $68,928, up 6% from $64,777 in 2022. The Florida median that year was $71,864.
What was the median household income in Oakland Park in 2020?
In 2020, the median household income in Oakland Park, Florida was $54,702. By 2024 it had risen 35% to $73,846.
What is the Gini coefficient in Oakland Park, Florida?
The Gini coefficient in Oakland Park is 0.521. 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 Oakland Park, Florida?
Since 2009, the income gap between men and women in Oakland Park, Florida has narrowed from about 11% to 10% in 2024. Over that period the gap was widest at 19% in 2015, and was narrowest at 6% in 2018. In dollar terms, the gap has widened by $510 since 2009.
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