Franklin Parish, Louisiana Income Statistics
Franklin Parish Wealth Score
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.
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D
Franklin Parish Well below averageLess wealthy than 84% of counties in Louisiana
Source: Map AI Methodology
Income Statistics Overview
| Metric | Franklin Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $46,861 | $60,934 | $80,455 |
| Median Personal Income | $43,541 | $53,184 | $60,758 |
| Average Yearly Income Growth | 5.2% | 3.7% | 4.8% |
| Six-Figure Earners | 6.5% | 9.7% | 13.9% |
| $200k+ Households | 4.9% | 7.8% | 13.2% |
The median household income in Franklin Parish is about 23% lower than in Louisiana. Income has been growing faster in Franklin Parish (5.2%/yr) than in Louisiana (3.7%/yr).
About 7% of adults in Franklin Parish earn six figures ($100,000 or more) a year, lower than the Louisiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Franklin Parish, Louisiana grew by 49.3% from 2009 to 2024, reaching $46,861 in 2024. That's an average of about 5.2% per year.
Income Inequality and the Gender Pay Gap in Franklin Parish
| Metric | Franklin Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.605 | 0.574 | 0.552 |
| Male Median Income | $54,711 | $65,171 | $69,667 |
| Female Median Income | $38,964 | $47,031 | $56,850 |
| Gender Pay Gap | 28.8% | 27.8% | 18.4% |
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 Franklin Parish, it is 0.605, higher than Louisiana's 0.574, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 40% more than women's income in Franklin Parish, Louisiana. Over a 35-year career, a 40% wage gap accumulates to roughly $551,145 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Franklin Parish, Louisiana has narrowed from about 31% to 29% in 2024. Over that period the gap was widest at 44% in 2016, and was narrowest at 24% in 2019. In dollar terms, the gap has widened by $3,888 since 2009.
Employment
| Metric | Franklin Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.2% | 6.2% | 5.2% |
| Working from Home | 6.5% | 8.1% | 15.0% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 619 people are unemployed in Franklin Parish, Louisiana.
The average commute time in Franklin Parish is 20 minutes, shorter than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Franklin Parish, Louisiana has fallen from 12.4% to 8.2% in 2024. Over that period the rate peaked at 13.2% in 2012.
Franklin Parish, LA Wealth Compared With Nearby Counties
Franklin Parish, LA is the 2nd largest of the 6 counties compared here, 19,403 residents against a local median of 9,498. Nothing separates Franklin Parish, LA sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is unemployment, 8% below the local median at 8.2% against 8.9%. Franklin Parish, LA has the 2nd lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Franklin Parish, LA | 19,403 | $46,861 #4/6 | 5.2%/yr #4/6 | 8.2% #2/6 | 0.605 #5/6 |
| Richland Parish, LA | 19,819 | $53,307 | 5.4%/yr | 8.9% | 0.600 |
| Tensas Parish, LA | 3,935 | $37,110 | 6.2%/yr | 11.4% | 0.543 |
| Caldwell Parish, LA | 9,498 | $47,006 | 6.0%/yr | 10.1% | 0.582 |
| Madison Parish, LA | 9,514 | $35,793 | 4.6%/yr | 5.5% | 0.635 |
| Catahoula Parish, LA | 8,580 | $50,537 | 5.0%/yr | 8.9% | 0.594 |
Conclusion
Considering all these factors, Franklin 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 Franklin Parish, Louisiana.
How Rich Is Franklin Parish, Louisiana?
Franklin 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 $46,861, about 23% lower than the Louisiana average of $60,934.
How fast is household income rising in Franklin Parish, Louisiana?
Between 2009 and 2024, the median household income in Franklin Parish, Louisiana rose 49%, from $31,377 to $46,861. Over the same years, income here outpaced Louisiana as a whole: +49% against +44%.
What was the median household income in Franklin Parish in 2023?
In 2023, the median household income in Franklin Parish, Louisiana was $44,317, up 7% from $41,429 in 2022. The Louisiana median that year was $60,038.
What was the median household income in Franklin Parish in 2020?
In 2020, the median household income in Franklin Parish, Louisiana was $35,937. By 2024 it had risen 30% to $46,861.
Is unemployment high in Franklin Parish, Louisiana?
Unemployment in Franklin Parish, Louisiana is 8.2%, well above the Louisiana rate of 6.2%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Franklin Parish, Louisiana?
The Gini coefficient in Franklin Parish is 0.605. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Franklin Parish, Louisiana?
Since 2009, the income gap between men and women in Franklin Parish, Louisiana has narrowed from about 31% to 29% in 2024. Over that period the gap was widest at 44% in 2016, and was narrowest at 24% in 2019. In dollar terms, the gap has widened by $3,888 since 2009.
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