Wealth Index
Wealthiest county in Louisiana
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 | Ascension Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $92,528 | $60,029 | $78,145 |
| Median Personal Income | $66,164 | $54,233 | $61,726 |
| Average income growth | 3.7% | 4.0% | 5.1% |
| Six-Figure Earners | 15.2% | 9.4% | 13.2% |
The median household income in Ascension Parish is about 54% higher than in Louisiana. Income has been growing slower in Ascension Parish (3.7%/yr) than in Louisiana (4.0%/yr).
About 15% of adults in Ascension Parish earn six figures ($100,000 or more) a year, higher than the Louisiana average of 9%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Ascension Parish, Louisiana grew by 51.8% from 2009 to 2023, reaching $92,528 in 2023. That's an average of about 3.7% per year.
Economic Inequality in Ascension Parish | Gender Pay Gap | Gini Coefficient
| Metric | Ascension Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.562 | 0.586 | 0.570 |
| Male Median Income | $84,624 | $63,825 | $67,746 |
| Female Median Income | $51,186 | $46,053 | $54,793 |
| Gender Pay Gap | 39.5% | 27.8% | 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 Ascension Parish, it is 0.562, lower than Louisiana's 0.586, 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 65% more than women's income in Ascension Parish, Louisiana. Over a 35-year career, a 65% wage gap accumulates to roughly $1,170,330 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Ascension Parish, Louisiana has widened from about 36% to 40% in 2023. In dollar terms, the gap has widened by $14,393 since 2009.
Employment
| Metric | Ascension Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 6.3% | 5.2% |
| Working from Home | 7.7% | 7.2% | 13.4% |
| Commute time (minutes) | 27 | 21 | 22 |
Approximately 3,009 people are unemployed in Ascension Parish, Louisiana.
The average commute time in Ascension Parish is 27 minutes, longer than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Ascension Parish, Louisiana has fallen from 6.2% to 4.5% in 2023.
Conclusion
Considering all these factors, Ascension Parish, Louisiana has an overall wealth index grade of B, making it notably better than Louisiana, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Ascension Parish, Louisiana.
How Wealthy Is Ascension Parish, Louisiana?
Ascension Parish 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 $92,528, about 54% higher than the Louisiana average of $60,029.
What is the current median household income in Ascension Parish, Louisiana?
As of 2023, the median household income in Ascension Parish, Louisiana is $92,528.
What was the median household income in Ascension Parish in 2023?
In 2023, the median household income in Ascension Parish, Louisiana was $92,528.
What was the median household income in Ascension Parish in 2020?
In 2020, the median household income in Ascension Parish, Louisiana was $83,844.
What is the Gini coefficient in Ascension Parish, Louisiana?
The Gini coefficient in Ascension Parish is 0.562. 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 Ascension Parish, Louisiana?
Since 2009, the income gap between men and women in Ascension Parish, Louisiana has widened from about 36% to 40% in 2023. In dollar terms, the gap has widened by $14,393 since 2009.