Wealth Index
Least wealthy 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 | East Carroll Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $28,575 | $60,029 | $78,145 |
| Median Personal Income | $33,674 | $54,233 | $61,726 |
| Average income growth | 4.0% | 4.0% | 5.1% |
| Six-Figure Earners | 3.1% | 9.4% | 13.2% |
The median household income in East Carroll Parish is about 52% lower than in Louisiana. Income has been growing faster in East Carroll Parish (4.0%/yr) than in Louisiana (4.0%/yr).
About 3% of adults in East Carroll 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 East Carroll Parish, Louisiana grew by 31.5% from 2009 to 2023, reaching $28,575 in 2023. That's an average of about 4.0% per year.
Economic Inequality in East Carroll Parish | Gender Pay Gap | Gini Coefficient
| Metric | East Carroll Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.686 | 0.586 | 0.570 |
| Male Median Income | $40,110 | $63,825 | $67,746 |
| Female Median Income | $29,820 | $46,053 | $54,793 |
| Gender Pay Gap | 25.7% | 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 East Carroll Parish, it is 0.686, 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 35% more than women's income in East Carroll Parish, Louisiana. Over a 35-year career, a 35% wage gap accumulates to roughly $360,150 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in East Carroll Parish, Louisiana has narrowed from about 45% to 26% in 2023. In dollar terms, the gap has narrowed by $5,240 since 2009.
Employment
| Metric | East Carroll Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 12.6% | 6.3% | 5.2% |
| Working from Home | 1.5% | 7.2% | 13.4% |
| Commute time (minutes) | 13 | 21 | 22 |
Approximately 275 people are unemployed in East Carroll Parish, Louisiana.
The average commute time in East Carroll Parish is 13 minutes, shorter than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in East Carroll Parish, Louisiana has fallen from 16.8% to 12.6% in 2023.
Conclusion
Considering all these factors, East Carroll Parish, Louisiana has an overall wealth index grade of F, making it worse than Louisiana, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in East Carroll Parish, Louisiana.
How Wealthy Is East Carroll Parish, Louisiana?
East Carroll Parish has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $28,575, about 52% lower than the Louisiana average of $60,029.
What is the current median household income in East Carroll Parish, Louisiana?
As of 2023, the median household income in East Carroll Parish, Louisiana is $28,575.
What was the median household income in East Carroll Parish in 2023?
In 2023, the median household income in East Carroll Parish, Louisiana was $28,575.
What was the median household income in East Carroll Parish in 2020?
In 2020, the median household income in East Carroll Parish, Louisiana was $24,374.
What is the Gini coefficient in East Carroll Parish, Louisiana?
The Gini coefficient in East Carroll Parish is 0.686. 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 East Carroll Parish, Louisiana?
Since 2009, the income gap between men and women in East Carroll Parish, Louisiana has narrowed from about 45% to 26% in 2023. In dollar terms, the gap has narrowed by $5,240 since 2009.