New Iberia, Louisiana Income Statistics
New Iberia Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
New Iberia Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | New Iberia | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $46,442 | $60,934 | $80,455 |
| Median Personal Income | $42,840 | $53,184 | $60,758 |
| Average Yearly Income Growth | 3.4% | 3.7% | 4.8% |
| Six-Figure Earners | 6.6% | 9.7% | 13.9% |
| $200k+ Households | 3.4% | 7.8% | 13.2% |
The median household income in New Iberia is about 24% lower than in Louisiana. Income has been growing slower in New Iberia (3.4%/yr) than in Louisiana (3.7%/yr).
About 7% of adults in New Iberia earn six figures ($100,000 or more) a year, lower than the Louisiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in New Iberia, Louisiana grew by 50.7% from 2009 to 2024, reaching $46,442 in 2024. That's an average of about 3.4% per year.
Income Inequality and the Gender Pay Gap in New Iberia
| Metric | New Iberia | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.574 | 0.574 | 0.552 |
| Male Median Income | $59,043 | $65,171 | $69,667 |
| Female Median Income | $38,779 | $47,031 | $56,850 |
| Gender Pay Gap | 34.3% | 27.8% | 18.4% |
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 New Iberia, it is 0.574, about the same as Louisiana's 0.574, so income here is about as evenly distributed as there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 52% more than women's income in New Iberia, Louisiana. Over a 35-year career, a 52% wage gap accumulates to roughly $709,240 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in New Iberia, Louisiana has narrowed from about 45% to 34% in 2024. Over that period the gap was narrowest at 19% in 2021. In dollar terms, the gap has widened by $540 since 2009.
Employment
| Metric | New Iberia | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 10.8% | 6.2% | 5.2% |
| Working from Home | 3.9% | 8.1% | 15.0% |
| Commute time (minutes) | 15 | 21 | 22 |
Approximately 1,026 people are unemployed in New Iberia, Louisiana.
The average commute time in New Iberia is 15 minutes, shorter than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in New Iberia, Louisiana has risen from 9.8% to 10.8% in 2024. Over that period the rate peaked at 12.1% in 2015 and fell as low as 8.0% in 2021.
Conclusion
Considering all these factors, New Iberia, 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 New Iberia, Louisiana.
How Rich Is New Iberia, Louisiana?
New Iberia 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 $46,442, about 24% lower than the Louisiana average of $60,934.
How fast is household income rising in New Iberia, Louisiana?
Between 2009 and 2024, the median household income in New Iberia, Louisiana rose 51%, from $30,820 to $46,442. Over the same years, income here outpaced Louisiana as a whole: +51% against +44%.
What was the median household income in New Iberia in 2023?
In 2023, the median household income in New Iberia, Louisiana was $49,187, up 10% from $44,704 in 2022. The Louisiana median that year was $60,038.
What was the median household income in New Iberia in 2020?
In 2020, the median household income in New Iberia, Louisiana was $40,805. By 2024 it had risen 14% to $46,442.
Is it hard to find a job in New Iberia, Louisiana?
Unemployment in New Iberia, Louisiana is 10.8%, well above the Louisiana rate of 6.2%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in New Iberia, Louisiana?
The Gini coefficient in New Iberia is 0.574. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in New Iberia, Louisiana?
Since 2009, the income gap between men and women in New Iberia, Louisiana has narrowed from about 45% to 34% in 2024. Over that period the gap was narrowest at 19% in 2021. In dollar terms, the gap has widened by $540 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →