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 | East Feliciana Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,085 | $60,029 | $78,145 |
| Median Personal Income | $64,076 | $54,233 | $61,726 |
| Average income growth | 5.6% | 4.0% | 5.1% |
| Six-Figure Earners | 9.4% | 9.4% | 13.2% |
The median household income in East Feliciana Parish is about 18% higher than in Louisiana. Income has been growing faster in East Feliciana Parish (5.6%/yr) than in Louisiana (4.0%/yr).
About 9% of adults in East Feliciana Parish earn six figures ($100,000 or more) a year, about the same as the Louisiana average of 9%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in East Feliciana Parish, Louisiana grew by 92.0% from 2009 to 2023, reaching $71,085 in 2023. That's an average of about 5.6% per year.
Economic Inequality in East Feliciana Parish | Gender Pay Gap | Gini Coefficient
| Metric | East Feliciana Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.664 | 0.586 | 0.570 |
| Male Median Income | $70,966 | $63,825 | $67,746 |
| Female Median Income | $58,097 | $46,053 | $54,793 |
| Gender Pay Gap | 18.1% | 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 Feliciana Parish, it is 0.664, 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 22% more than women's income in East Feliciana Parish, Louisiana. Over a 35-year career, a 22% wage gap accumulates to roughly $450,415 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 Feliciana Parish, Louisiana has narrowed from about 39% to 18% in 2023. In dollar terms, the gap has narrowed by $4,106 since 2009.
Employment
| Metric | East Feliciana Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.0% | 6.3% | 5.2% |
| Working from Home | 7.3% | 7.2% | 13.4% |
| Commute time (minutes) | 33 | 21 | 22 |
Approximately 441 people are unemployed in East Feliciana Parish, Louisiana.
The average commute time in East Feliciana Parish is 33 minutes, longer than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in East Feliciana Parish, Louisiana has fallen from 9.8% to 6.0% in 2023.
Conclusion
Considering all these factors, East Feliciana 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 East Feliciana Parish, Louisiana.
How Wealthy Is East Feliciana Parish, Louisiana?
East Feliciana 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 $71,085, about 18% higher than the Louisiana average of $60,029.
What is the current median household income in East Feliciana Parish, Louisiana?
As of 2023, the median household income in East Feliciana Parish, Louisiana is $71,085.
What was the median household income in East Feliciana Parish in 2023?
In 2023, the median household income in East Feliciana Parish, Louisiana was $71,085.
What was the median household income in East Feliciana Parish in 2020?
In 2020, the median household income in East Feliciana Parish, Louisiana was $56,706.
What is the Gini coefficient in East Feliciana Parish, Louisiana?
The Gini coefficient in East Feliciana Parish is 0.664. 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 Feliciana Parish, Louisiana?
Since 2009, the income gap between men and women in East Feliciana Parish, Louisiana has narrowed from about 39% to 18% in 2023. In dollar terms, the gap has narrowed by $4,106 since 2009.