Iberia Parish, Louisiana Income Statistics
Iberia 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
Iberia Parish Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Iberia Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,492 | $60,934 | $80,455 |
| Median Personal Income | $47,775 | $53,184 | $60,758 |
| Average Yearly Income Growth | 3.0% | 3.7% | 4.8% |
| Six-Figure Earners | 7.6% | 9.7% | 13.9% |
| $200k+ Households | 5.0% | 7.8% | 13.2% |
The median household income in Iberia Parish is about 7% lower than in Louisiana. Income has been growing slower in Iberia Parish (3.0%/yr) than in Louisiana (3.7%/yr).
About 8% of adults in Iberia 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 Iberia Parish, Louisiana grew by 37.7% from 2009 to 2024, reaching $56,492 in 2024. That's an average of about 3.0% per year.
Income Inequality and the Gender Pay Gap in Iberia Parish
| Metric | Iberia Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.579 | 0.574 | 0.552 |
| Male Median Income | $64,361 | $65,171 | $69,667 |
| Female Median Income | $40,069 | $47,031 | $56,850 |
| Gender Pay Gap | 37.7% | 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 Iberia Parish, it is 0.579, about the same as Louisiana's 0.574, so income here is about as evenly distributed as there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 61% more than women's income in Iberia Parish, Louisiana. Over a 35-year career, a 61% wage gap accumulates to roughly $850,220 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Iberia Parish, Louisiana has narrowed from about 47% to 38% in 2024. Over that period the gap was narrowest at 34% in 2021. In dollar terms, the gap has widened by $2,413 since 2009.
Employment
| Metric | Iberia Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.3% | 6.2% | 5.2% |
| Working from Home | 6.3% | 8.1% | 15.0% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 2,184 people are unemployed in Iberia Parish, Louisiana.
The average commute time in Iberia Parish is 20 minutes, shorter than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Iberia Parish, Louisiana has fallen from 7.8% to 7.3% in 2024. Over that period the rate peaked at 11.1% in 2016 and fell as low as 6.1% in 2023.
Iberia Parish, LA Wealth Compared With Nearby Counties
Iberia Parish, LA is the 2nd largest of the 6 counties compared here, 68,630 residents against a local median of 51,353. Iberia Parish, LA's unemployment, at 7.3%, runs 41% above the 5.1% typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves spread 2.1% on unemployment, so Iberia Parish, LA sits at one end of an already wide local range rather than apart from it. Iberia Parish, LA has the 6th 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. |
|---|---|---|---|---|---|
| Iberia Parish, LA | 68,630 | $56,492 #3/6 | 3.0%/yr #2/6 | 7.3% #6/6 | 0.579 #5/6 |
| St. Mary Parish, LA | 47,828 | $53,303 | 3.4%/yr | 5.4% | 0.565 |
| St. Martin Parish, LA | 51,353 | $56,973 | 2.8%/yr | 4.0% | 0.547 |
| Lafayette Parish, LA | 247,982 | $67,829 | 3.0%/yr | 5.1% | 0.559 |
| Vermilion Parish, LA | 57,123 | $56,434 | 2.3%/yr | 5.1% | 0.572 |
| Iberville Parish, LA | 29,819 | $55,441 | 2.3%/yr | 6.1% | 0.604 |
Conclusion
Considering all these factors, Iberia Parish, Louisiana has an overall wealth index grade of D, making it about on par with Louisiana, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Iberia Parish, Louisiana.
How Wealthy Is Iberia Parish, Louisiana?
Iberia 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 $56,492, about 7% lower than the Louisiana average of $60,934.
How fast is household income rising in Iberia Parish, Louisiana?
Between 2009 and 2024, the median household income in Iberia Parish, Louisiana rose 38%, from $41,019 to $56,492. Over the same years, income here lagged behind Louisiana as a whole: +38% against +44%.
What was the median household income in Iberia Parish in 2023?
In 2023, the median household income in Iberia Parish, Louisiana was $56,219, up 4% from $54,216 in 2022. The Louisiana median that year was $60,038.
What was the median household income in Iberia Parish in 2020?
In 2020, the median household income in Iberia Parish, Louisiana was $50,717. By 2024 it had risen 11% to $56,492.
What is the Gini coefficient in Iberia Parish, Louisiana?
The Gini coefficient in Iberia Parish is 0.579. 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 Iberia Parish, Louisiana?
Since 2009, the income gap between men and women in Iberia Parish, Louisiana has narrowed from about 47% to 38% in 2024. Over that period the gap was narrowest at 34% in 2021. In dollar terms, the gap has widened by $2,413 since 2009.
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