Wealth Index
Less wealthy than 86% 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 | Morehouse Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $37,096 | $60,029 | $78,145 |
| Median Personal Income | $39,696 | $54,233 | $61,726 |
| Average income growth | 3.0% | 4.0% | 5.1% |
| Six-Figure Earners | 4.0% | 9.4% | 13.2% |
The median household income in Morehouse Parish is about 38% lower than in Louisiana. Income has been growing slower in Morehouse Parish (3.0%/yr) than in Louisiana (4.0%/yr).
About 4% of adults in Morehouse 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 Morehouse Parish, Louisiana grew by 18.1% from 2009 to 2023, reaching $37,096 in 2023. That's an average of about 3.0% per year.
Economic Inequality in Morehouse Parish | Gender Pay Gap | Gini Coefficient
| Metric | Morehouse Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.582 | 0.586 | 0.570 |
| Male Median Income | $47,593 | $63,825 | $67,746 |
| Female Median Income | $32,335 | $46,053 | $54,793 |
| Gender Pay Gap | 32.1% | 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 Morehouse Parish, it is 0.582, about the same as Louisiana's 0.586, so income here is about as evenly distributed as there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 47% more than women's income in Morehouse Parish, Louisiana. Over a 35-year career, a 47% wage gap accumulates to roughly $534,030 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Morehouse Parish, Louisiana has narrowed from about 34% to 32% in 2023. In dollar terms, the gap has widened by $2,828 since 2009.
Employment
| Metric | Morehouse Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.9% | 6.3% | 5.2% |
| Working from Home | 3.6% | 7.2% | 13.4% |
| Commute time (minutes) | 21 | 21 | 22 |
Approximately 1,008 people are unemployed in Morehouse Parish, Louisiana.
The average commute time in Morehouse Parish is 21 minutes, about the same as in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Morehouse Parish, Louisiana has fallen from 11.5% to 9.9% in 2023.
Conclusion
Considering all these factors, Morehouse 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 Morehouse Parish, Louisiana.
How Rich Is Morehouse Parish, Louisiana?
Morehouse 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 $37,096, about 38% lower than the Louisiana average of $60,029.
What is the current median household income in Morehouse Parish, Louisiana?
As of 2023, the median household income in Morehouse Parish, Louisiana is $37,096.
What was the median household income in Morehouse Parish in 2023?
In 2023, the median household income in Morehouse Parish, Louisiana was $37,096.
What was the median household income in Morehouse Parish in 2020?
In 2020, the median household income in Morehouse Parish, Louisiana was $33,664.
What is the Gini coefficient in Morehouse Parish, Louisiana?
The Gini coefficient in Morehouse Parish is 0.582. 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 Morehouse Parish, Louisiana?
Since 2009, the income gap between men and women in Morehouse Parish, Louisiana has narrowed from about 34% to 32% in 2023. In dollar terms, the gap has widened by $2,828 since 2009.