Wealth Index
Wealthier than 81% 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 | Jefferson Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,454 | $60,029 | $78,145 |
| Median Personal Income | $54,290 | $54,233 | $61,726 |
| Average income growth | 4.1% | 4.0% | 5.1% |
| Six-Figure Earners | 9.9% | 9.4% | 13.2% |
The median household income in Jefferson Parish is about 9% higher than in Louisiana. Income has been growing faster in Jefferson Parish (4.1%/yr) than in Louisiana (4.0%/yr).
About 10% of adults in Jefferson 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 Jefferson Parish, Louisiana grew by 33.6% from 2009 to 2023, reaching $65,454 in 2023. That's an average of about 4.1% per year.
Economic Inequality in Jefferson Parish | Gender Pay Gap | Gini Coefficient
| Metric | Jefferson Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.551 | 0.586 | 0.570 |
| Male Median Income | $58,877 | $63,825 | $67,746 |
| Female Median Income | $50,584 | $46,053 | $54,793 |
| Gender Pay Gap | 14.1% | 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 Jefferson Parish, it is 0.551, lower than Louisiana's 0.586, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 16% more than women's income in Jefferson Parish, Louisiana. Over a 35-year career, a 16% wage gap accumulates to roughly $290,255 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Jefferson Parish, Louisiana has narrowed from about 25% to 14% in 2023. In dollar terms, the gap has narrowed by $2,609 since 2009.
Employment
| Metric | Jefferson Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 6.3% | 5.2% |
| Working from Home | 7.4% | 7.2% | 13.4% |
| Commute time (minutes) | 21 | 21 | 22 |
Approximately 12,834 people are unemployed in Jefferson Parish, Louisiana.
The average commute time in Jefferson Parish is 21 minutes, about the same as in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Jefferson Parish, Louisiana has fallen from 6.7% to 5.8% in 2023.
Conclusion
Considering all these factors, Jefferson 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 Jefferson Parish, Louisiana.
How Rich Is Jefferson Parish, Louisiana?
Jefferson 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 $65,454, about 9% higher than the Louisiana average of $60,029.
What is the current median household income in Jefferson Parish, Louisiana?
As of 2023, the median household income in Jefferson Parish, Louisiana is $65,454.
What was the median household income in Jefferson Parish in 2023?
In 2023, the median household income in Jefferson Parish, Louisiana was $65,454.
What was the median household income in Jefferson Parish in 2020?
In 2020, the median household income in Jefferson Parish, Louisiana was $55,845.
What is the Gini coefficient in Jefferson Parish, Louisiana?
The Gini coefficient in Jefferson Parish is 0.551. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Jefferson Parish, Louisiana?
Since 2009, the income gap between men and women in Jefferson Parish, Louisiana has narrowed from about 25% to 14% in 2023. In dollar terms, the gap has narrowed by $2,609 since 2009.