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 | Avoyelles Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $39,715 | $60,029 | $78,145 |
| Median Personal Income | $42,517 | $54,233 | $61,726 |
| Average income growth | 1.9% | 4.0% | 5.1% |
| Six-Figure Earners | 4.1% | 9.4% | 13.2% |
The median household income in Avoyelles Parish is about 34% lower than in Louisiana. Income has been growing slower in Avoyelles Parish (1.9%/yr) than in Louisiana (4.0%/yr).
About 4% of adults in Avoyelles 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 Avoyelles Parish, Louisiana grew by 26.8% from 2009 to 2023, reaching $39,715 in 2023. That's an average of about 1.9% per year.
Economic Inequality in Avoyelles Parish | Gender Pay Gap | Gini Coefficient
| Metric | Avoyelles Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.609 | 0.586 | 0.570 |
| Male Median Income | $46,690 | $63,825 | $67,746 |
| Female Median Income | $37,655 | $46,053 | $54,793 |
| Gender Pay Gap | 19.4% | 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 Avoyelles Parish, it is 0.609, 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 24% more than women's income in Avoyelles Parish, Louisiana. Over a 35-year career, a 24% wage gap accumulates to roughly $316,225 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Avoyelles Parish, Louisiana has narrowed from about 31% to 19% in 2023. In dollar terms, the gap has narrowed by $2,956 since 2009.
Employment
| Metric | Avoyelles Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.7% | 6.3% | 5.2% |
| Working from Home | 3.4% | 7.2% | 13.4% |
| Commute time (minutes) | 23 | 21 | 22 |
Approximately 1,027 people are unemployed in Avoyelles Parish, Louisiana.
The average commute time in Avoyelles Parish is 23 minutes, longer than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Avoyelles Parish, Louisiana has fallen from 9.5% to 6.7% in 2023.
Conclusion
Considering all these factors, Avoyelles Parish, Louisiana has an overall wealth index grade of D, making it somewhat worse than Louisiana, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Avoyelles Parish, Louisiana.
How Wealthy Is Avoyelles Parish, Louisiana?
Avoyelles Parish 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 $39,715, about 34% lower than the Louisiana average of $60,029.
What is the current median household income in Avoyelles Parish, Louisiana?
As of 2023, the median household income in Avoyelles Parish, Louisiana is $39,715.
What was the median household income in Avoyelles Parish in 2023?
In 2023, the median household income in Avoyelles Parish, Louisiana was $39,715.
What was the median household income in Avoyelles Parish in 2020?
In 2020, the median household income in Avoyelles Parish, Louisiana was $35,382.
What is the Gini coefficient in Avoyelles Parish, Louisiana?
The Gini coefficient in Avoyelles Parish is 0.609. 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 Avoyelles Parish, Louisiana?
Since 2009, the income gap between men and women in Avoyelles Parish, Louisiana has narrowed from about 31% to 19% in 2023. In dollar terms, the gap has narrowed by $2,956 since 2009.