Wealth Index
Wealthier than 83% 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 | Calcasieu Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,475 | $60,029 | $78,145 |
| Median Personal Income | $56,448 | $54,233 | $61,726 |
| Average income growth | 5.5% | 4.0% | 5.1% |
| Six-Figure Earners | 11.1% | 9.4% | 13.2% |
The median household income in Calcasieu Parish is about 12% higher than in Louisiana. Income has been growing faster in Calcasieu Parish (5.5%/yr) than in Louisiana (4.0%/yr).
About 11% of adults in Calcasieu 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 Calcasieu Parish, Louisiana grew by 57.6% from 2009 to 2023, reaching $67,475 in 2023. That's an average of about 5.5% per year.
Economic Inequality in Calcasieu Parish | Gender Pay Gap | Gini Coefficient
| Metric | Calcasieu Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.574 | 0.586 | 0.570 |
| Male Median Income | $71,926 | $63,825 | $67,746 |
| Female Median Income | $43,650 | $46,053 | $54,793 |
| Gender Pay Gap | 39.3% | 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 Calcasieu Parish, it is 0.574, lower than Louisiana's 0.586, so income is more evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 65% more than women's income in Calcasieu Parish, Louisiana. Over a 35-year career, a 65% wage gap accumulates to roughly $989,660 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Calcasieu Parish, Louisiana has narrowed from about 41% to 39% in 2023. In dollar terms, the gap has widened by $8,452 since 2009.
Employment
| Metric | Calcasieu Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 6.3% | 5.2% |
| Working from Home | 5.1% | 7.2% | 13.4% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 5,373 people are unemployed in Calcasieu Parish, Louisiana.
The average commute time in Calcasieu Parish is 17 minutes, shorter than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Calcasieu Parish, Louisiana has fallen from 8.0% to 5.5% in 2023.
Conclusion
Considering all these factors, Calcasieu Parish, Louisiana has an overall wealth index grade of C, making it somewhat better than Louisiana, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Calcasieu Parish, Louisiana.
How Rich Is Calcasieu Parish, Louisiana?
Calcasieu 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 $67,475, about 12% higher than the Louisiana average of $60,029.
What is the current median household income in Calcasieu Parish, Louisiana?
As of 2023, the median household income in Calcasieu Parish, Louisiana is $67,475.
What was the median household income in Calcasieu Parish in 2023?
In 2023, the median household income in Calcasieu Parish, Louisiana was $67,475.
What was the median household income in Calcasieu Parish in 2020?
In 2020, the median household income in Calcasieu Parish, Louisiana was $53,637.
What is the Gini coefficient in Calcasieu Parish, Louisiana?
The Gini coefficient in Calcasieu Parish is 0.574. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Calcasieu Parish, Louisiana?
Since 2009, the income gap between men and women in Calcasieu Parish, Louisiana has narrowed from about 41% to 39% in 2023. In dollar terms, the gap has widened by $8,452 since 2009.