Wealth Index
Less wealthy 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 | Lincoln Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $38,966 | $60,029 | $78,145 |
| Median Personal Income | $47,597 | $54,233 | $61,726 |
| Average income growth | 1.7% | 4.0% | 5.1% |
| Six-Figure Earners | 6.0% | 9.4% | 13.2% |
The median household income in Lincoln Parish is about 35% lower than in Louisiana. Income has been growing slower in Lincoln Parish (1.7%/yr) than in Louisiana (4.0%/yr).
About 6% of adults in Lincoln Parish earn six figures ($100,000 or more) a year, lower than the Louisiana average of 9%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Lincoln Parish, Louisiana grew by 21.3% from 2009 to 2023, reaching $38,966 in 2023. That's an average of about 1.7% per year.
Economic Inequality in Lincoln Parish | Gender Pay Gap | Gini Coefficient
| Metric | Lincoln Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.621 | 0.586 | 0.570 |
| Male Median Income | $54,806 | $63,825 | $67,746 |
| Female Median Income | $36,580 | $46,053 | $54,793 |
| Gender Pay Gap | 33.3% | 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 Lincoln Parish, it is 0.621, 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 50% more than women's income in Lincoln Parish, Louisiana. Over a 35-year career, a 50% wage gap accumulates to roughly $637,910 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lincoln Parish, Louisiana has widened from about 26% to 33% in 2023. In dollar terms, the gap has widened by $7,162 since 2009.
Employment
| Metric | Lincoln Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 6.3% | 5.2% |
| Working from Home | 10.4% | 7.2% | 13.4% |
| Commute time (minutes) | 15 | 21 | 22 |
Approximately 891 people are unemployed in Lincoln Parish, Louisiana.
The average commute time in Lincoln Parish is 15 minutes, shorter than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lincoln Parish, Louisiana has fallen from 10.8% to 4.1% in 2023.
Conclusion
Considering all these factors, Lincoln 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 Lincoln Parish, Louisiana.
How Rich Is Lincoln Parish, Louisiana?
Lincoln 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 $38,966, about 35% lower than the Louisiana average of $60,029.
What is the current median household income in Lincoln Parish, Louisiana?
As of 2023, the median household income in Lincoln Parish, Louisiana is $38,966.
What was the median household income in Lincoln Parish in 2023?
In 2023, the median household income in Lincoln Parish, Louisiana was $38,966.
What was the median household income in Lincoln Parish in 2020?
In 2020, the median household income in Lincoln Parish, Louisiana was $36,364.
What is the Gini coefficient in Lincoln Parish, Louisiana?
The Gini coefficient in Lincoln Parish is 0.621. 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 Lincoln Parish, Louisiana?
Since 2009, the income gap between men and women in Lincoln Parish, Louisiana has widened from about 26% to 33% in 2023. In dollar terms, the gap has widened by $7,162 since 2009.