Wealth Index
Less wealthy than 70% 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 | LaSalle Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,510 | $60,029 | $78,145 |
| Median Personal Income | $62,772 | $54,233 | $61,726 |
| Average income growth | 9.7% | 4.0% | 5.1% |
| Six-Figure Earners | 9.1% | 9.4% | 13.2% |
The median household income in LaSalle Parish is about 11% higher than in Louisiana. Income has been growing faster in LaSalle Parish (9.7%/yr) than in Louisiana (4.0%/yr).
About 9% of adults in LaSalle 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 LaSalle Parish, Louisiana grew by 97.5% from 2009 to 2023, reaching $66,510 in 2023. That's an average of about 9.7% per year.
Economic Inequality in LaSalle Parish | Gender Pay Gap | Gini Coefficient
| Metric | LaSalle Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.637 | 0.586 | 0.570 |
| Male Median Income | $76,888 | $63,825 | $67,746 |
| Female Median Income | $43,173 | $46,053 | $54,793 |
| Gender Pay Gap | 43.8% | 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 LaSalle Parish, it is 0.637, 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 78% more than women's income in LaSalle Parish, Louisiana. Over a 35-year career, a 78% wage gap accumulates to roughly $1,180,025 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in LaSalle Parish, Louisiana has widened from about 32% to 44% in 2023. In dollar terms, the gap has widened by $20,763 since 2009.
Employment
| Metric | LaSalle Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.6% | 6.3% | 5.2% |
| Working from Home | 2.3% | 7.2% | 13.4% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 508 people are unemployed in LaSalle Parish, Louisiana.
The average commute time in LaSalle Parish is 20 minutes, shorter than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in LaSalle Parish, Louisiana has risen from 5.5% to 7.6% in 2023.
Conclusion
Considering all these factors, LaSalle 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 LaSalle Parish, Louisiana.
How Rich Is LaSalle Parish, Louisiana?
LaSalle 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 $66,510, about 11% higher than the Louisiana average of $60,029.
What is the current median household income in LaSalle Parish, Louisiana?
As of 2023, the median household income in LaSalle Parish, Louisiana is $66,510.
What was the median household income in LaSalle Parish in 2023?
In 2023, the median household income in LaSalle Parish, Louisiana was $66,510.
What was the median household income in LaSalle Parish in 2020?
In 2020, the median household income in LaSalle Parish, Louisiana was $52,328.
What is the Gini coefficient in LaSalle Parish, Louisiana?
The Gini coefficient in LaSalle Parish is 0.637. 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 LaSalle Parish, Louisiana?
Since 2009, the income gap between men and women in LaSalle Parish, Louisiana has widened from about 32% to 44% in 2023. In dollar terms, the gap has widened by $20,763 since 2009.