Wealth Index
Among the top 5 wealthiest 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 | Livingston Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $78,903 | $60,029 | $78,145 |
| Median Personal Income | $59,597 | $54,233 | $61,726 |
| Average income growth | 4.5% | 4.0% | 5.1% |
| Six-Figure Earners | 10.5% | 9.4% | 13.2% |
The median household income in Livingston Parish is about 31% higher than in Louisiana. Income has been growing faster in Livingston Parish (4.5%/yr) than in Louisiana (4.0%/yr).
About 10% of adults in Livingston 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 Livingston Parish, Louisiana grew by 48.8% from 2009 to 2023, reaching $78,903 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Livingston Parish | Gender Pay Gap | Gini Coefficient
| Metric | Livingston Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.564 | 0.586 | 0.570 |
| Male Median Income | $71,566 | $63,825 | $67,746 |
| Female Median Income | $47,600 | $46,053 | $54,793 |
| Gender Pay Gap | 33.5% | 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 Livingston Parish, it is 0.564, 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 50% more than women's income in Livingston Parish, Louisiana. Over a 35-year career, a 50% wage gap accumulates to roughly $838,810 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Livingston Parish, Louisiana has narrowed from about 35% to 33% in 2023. In dollar terms, the gap has widened by $6,648 since 2009.
Employment
| Metric | Livingston Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 6.3% | 5.2% |
| Working from Home | 6.3% | 7.2% | 13.4% |
| Commute time (minutes) | 31 | 21 | 22 |
Approximately 2,810 people are unemployed in Livingston Parish, Louisiana.
The average commute time in Livingston Parish is 31 minutes, longer than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Livingston Parish, Louisiana has fallen from 6.0% to 4.1% in 2023.
Conclusion
Considering all these factors, Livingston Parish, Louisiana has an overall wealth index grade of B, making it somewhat better than Louisiana, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Livingston Parish, Louisiana.
How Rich Is Livingston Parish, Louisiana?
Livingston Parish has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $78,903, about 31% higher than the Louisiana average of $60,029.
What is the current median household income in Livingston Parish, Louisiana?
As of 2023, the median household income in Livingston Parish, Louisiana is $78,903.
What was the median household income in Livingston Parish in 2023?
In 2023, the median household income in Livingston Parish, Louisiana was $78,903.
What was the median household income in Livingston Parish in 2020?
In 2020, the median household income in Livingston Parish, Louisiana was $67,962.
What is the Gini coefficient in Livingston Parish, Louisiana?
The Gini coefficient in Livingston Parish is 0.564. 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 Livingston Parish, Louisiana?
Since 2009, the income gap between men and women in Livingston Parish, Louisiana has narrowed from about 35% to 33% in 2023. In dollar terms, the gap has widened by $6,648 since 2009.