Wealth Index
Wealthier than 71% of counties 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 | Assumption Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $52,756 | $60,029 | $78,145 |
| Median Personal Income | $52,285 | $54,233 | $61,726 |
| Average income growth | 1.7% | 4.0% | 5.1% |
| Six-Figure Earners | 7.4% | 9.4% | 13.2% |
The median household income in Assumption Parish is about 12% lower than in Louisiana. Income has been growing slower in Assumption Parish (1.7%/yr) than in Louisiana (4.0%/yr).
About 7% of adults in Assumption Parish earn six figures ($100,000 or more) a year, lower than the Louisiana average of 9%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Assumption Parish, Louisiana grew by 24.3% from 2009 to 2023, reaching $52,756 in 2023. That's an average of about 1.7% per year.
Economic Inequality in Assumption Parish | Gender Pay Gap | Gini Coefficient
| Metric | Assumption Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.603 | 0.586 | 0.570 |
| Male Median Income | $63,757 | $63,825 | $67,746 |
| Female Median Income | $37,195 | $46,053 | $54,793 |
| Gender Pay Gap | 41.7% | 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 Assumption Parish, it is 0.603, higher than Louisiana's 0.586, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 71% more than women's income in Assumption Parish, Louisiana. Over a 35-year career, a 71% wage gap accumulates to roughly $929,670 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Assumption Parish, Louisiana has narrowed from about 46% to 42% in 2023. In dollar terms, the gap has widened by $2,958 since 2009.
Employment
| Metric | Assumption Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 6.3% | 5.2% |
| Working from Home | 2.9% | 7.2% | 13.4% |
| Commute time (minutes) | 28 | 21 | 22 |
Approximately 462 people are unemployed in Assumption Parish, Louisiana.
The average commute time in Assumption Parish is 28 minutes, longer than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Assumption Parish, Louisiana has fallen from 9.1% to 4.9% in 2023.
Conclusion
Considering all these factors, Assumption Parish, Louisiana has an overall wealth index grade of C, making it about on par with Louisiana, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Assumption Parish, Louisiana.
How Wealthy Is Assumption Parish, Louisiana?
Assumption Parish 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 $52,756, about 12% lower than the Louisiana average of $60,029.
What is the current median household income in Assumption Parish, Louisiana?
As of 2023, the median household income in Assumption Parish, Louisiana is $52,756.
What was the median household income in Assumption Parish in 2023?
In 2023, the median household income in Assumption Parish, Louisiana was $52,756.
What was the median household income in Assumption Parish in 2020?
In 2020, the median household income in Assumption Parish, Louisiana was $44,792.
What is the Gini coefficient in Assumption Parish, Louisiana?
The Gini coefficient in Assumption Parish is 0.603. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Assumption Parish, Louisiana?
Since 2009, the income gap between men and women in Assumption Parish, Louisiana has narrowed from about 46% to 42% in 2023. In dollar terms, the gap has widened by $2,958 since 2009.