Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Oakleaf Plantation | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $108,568 | $71,865 | $78,145 |
| Median Personal Income | $65,159 | $53,537 | $61,726 |
| Average income growth | 4.0% | 5.7% | 5.1% |
| Six-Figure Earners | 12.0% | 10.9% | 13.2% |
The median household income in Oakleaf Plantation is about 51% higher than in Florida. Income has been growing slower in Oakleaf Plantation (4.0%/yr) than in Florida (5.7%/yr).
About 12% of adults in Oakleaf Plantation earn six figures ($100,000 or more) a year, higher than the Florida average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Oakleaf Plantation, Florida grew by 66.6% from 2009 to 2023, reaching $108,568 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Oakleaf Plantation | Gender Pay Gap | Gini Coefficient
| Metric | Oakleaf Plantation | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.553 | 0.566 | 0.570 |
| Male Median Income | $77,692 | $58,426 | $67,746 |
| Female Median Income | $52,529 | $48,893 | $54,793 |
| Gender Pay Gap | 32.4% | 16.3% | 19.1% |
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 Oakleaf Plantation, it is 0.553, lower than Florida's 0.566, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 48% more than women's income in Oakleaf Plantation, Florida. Over a 35-year career, a 48% wage gap accumulates to roughly $880,705 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Oakleaf Plantation, Florida has widened from about 25% to 32% in 2023. In dollar terms, the gap has widened by $12,442 since 2009.
Employment
| Metric | Oakleaf Plantation | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 4.8% | 5.2% |
| Working from Home | 19.4% | 13.9% | 13.4% |
| Commute time (minutes) | 32 | 23 | 22 |
Approximately 433 people are unemployed in Oakleaf Plantation, Florida.
The average commute time in Oakleaf Plantation is 32 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oakleaf Plantation, Florida has fallen from 7.1% to 3.2% in 2023.
Conclusion
Considering all these factors, Oakleaf Plantation, Florida has an overall wealth index grade of B, making it somewhat better than Florida, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Oakleaf Plantation, Florida.
How Wealthy Is Oakleaf Plantation, Florida?
Oakleaf Plantation has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $108,568, about 51% higher than the Florida average of $71,865.
What is the current median household income in Oakleaf Plantation, Florida?
As of 2023, the median household income in Oakleaf Plantation, Florida is $108,568.
What was the median household income in Oakleaf Plantation in 2023?
In 2023, the median household income in Oakleaf Plantation, Florida was $108,568.
What was the median household income in Oakleaf Plantation in 2020?
In 2020, the median household income in Oakleaf Plantation, Florida was $87,265.
What is the Gini coefficient in Oakleaf Plantation, Florida?
The Gini coefficient in Oakleaf Plantation is 0.553. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Oakleaf Plantation, Florida?
Since 2009, the income gap between men and women in Oakleaf Plantation, Florida has widened from about 25% to 32% in 2023. In dollar terms, the gap has widened by $12,442 since 2009.