Wealth Index
Wealthier than 87% 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 | Cameron Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,996 | $60,029 | $78,145 |
| Median Personal Income | $68,167 | $54,233 | $61,726 |
| Average income growth | 1.6% | 4.0% | 5.1% |
| Six-Figure Earners | 10.9% | 9.4% | 13.2% |
The median household income in Cameron Parish is about 23% higher than in Louisiana. Income has been growing slower in Cameron Parish (1.6%/yr) than in Louisiana (4.0%/yr).
About 11% of adults in Cameron 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 Cameron Parish, Louisiana grew by 31.9% from 2009 to 2023, reaching $73,996 in 2023. That's an average of about 1.6% per year.
Economic Inequality in Cameron Parish | Gender Pay Gap | Gini Coefficient
| Metric | Cameron Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.595 | 0.586 | 0.570 |
| Male Median Income | $78,494 | $63,825 | $67,746 |
| Female Median Income | $49,090 | $46,053 | $54,793 |
| Gender Pay Gap | 37.5% | 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 Cameron Parish, it is 0.595, 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 60% more than women's income in Cameron Parish, Louisiana. Over a 35-year career, a 60% wage gap accumulates to roughly $1,029,140 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cameron Parish, Louisiana has narrowed from about 53% to 37% in 2023. In dollar terms, the gap has widened by $2,787 since 2009.
Employment
| Metric | Cameron Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.0% | 6.3% | 5.2% |
| Working from Home | 1.2% | 7.2% | 13.4% |
| Commute time (minutes) | 26 | 21 | 22 |
Approximately 21 people are unemployed in Cameron Parish, Louisiana.
The average commute time in Cameron Parish is 26 minutes, longer than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cameron Parish, Louisiana has fallen from 4.8% to 1.0% in 2023.
Conclusion
Considering all these factors, Cameron 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 Cameron Parish, Louisiana.
How Rich Is Cameron Parish, Louisiana?
Cameron 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 $73,996, about 23% higher than the Louisiana average of $60,029.
What is the current median household income in Cameron Parish, Louisiana?
As of 2023, the median household income in Cameron Parish, Louisiana is $73,996.
What was the median household income in Cameron Parish in 2023?
In 2023, the median household income in Cameron Parish, Louisiana was $73,996.
What was the median household income in Cameron Parish in 2020?
In 2020, the median household income in Cameron Parish, Louisiana was $59,051.
What is the Gini coefficient in Cameron Parish, Louisiana?
The Gini coefficient in Cameron Parish is 0.595. 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 Cameron Parish, Louisiana?
Since 2009, the income gap between men and women in Cameron Parish, Louisiana has narrowed from about 53% to 37% in 2023. In dollar terms, the gap has widened by $2,787 since 2009.