Wealth Index
Wealthier than 89% 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 | Plaquemines Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $84,493 | $60,029 | $78,145 |
| Median Personal Income | $56,174 | $54,233 | $61,726 |
| Average income growth | 7.9% | 4.0% | 5.1% |
| Six-Figure Earners | 12.5% | 9.4% | 13.2% |
The median household income in Plaquemines Parish is about 41% higher than in Louisiana. Income has been growing faster in Plaquemines Parish (7.9%/yr) than in Louisiana (4.0%/yr).
About 13% of adults in Plaquemines 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 Plaquemines Parish, Louisiana grew by 65.0% from 2009 to 2023, reaching $84,493 in 2023. That's an average of about 7.9% per year.
Economic Inequality in Plaquemines Parish | Gender Pay Gap | Gini Coefficient
| Metric | Plaquemines Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.577 | 0.586 | 0.570 |
| Male Median Income | $67,799 | $63,825 | $67,746 |
| Female Median Income | $44,393 | $46,053 | $54,793 |
| Gender Pay Gap | 34.5% | 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 Plaquemines Parish, it is 0.577, lower than Louisiana's 0.586, so income is more 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 53% more than women's income in Plaquemines Parish, Louisiana. Over a 35-year career, a 53% wage gap accumulates to roughly $819,210 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Plaquemines Parish, Louisiana has widened from about 19% to 35% in 2023. In dollar terms, the gap has widened by $14,308 since 2009.
Employment
| Metric | Plaquemines Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 6.3% | 5.2% |
| Working from Home | 3.1% | 7.2% | 13.4% |
| Commute time (minutes) | 25 | 21 | 22 |
Approximately 481 people are unemployed in Plaquemines Parish, Louisiana.
The average commute time in Plaquemines Parish is 25 minutes, longer than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Plaquemines Parish, Louisiana has fallen from 6.7% to 4.2% in 2023.
Conclusion
Considering all these factors, Plaquemines Parish, Louisiana has an overall wealth index grade of C, making it somewhat better than Louisiana, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Plaquemines Parish, Louisiana.
How Rich Is Plaquemines Parish, Louisiana?
Plaquemines Parish has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $84,493, about 41% higher than the Louisiana average of $60,029.
What is the current median household income in Plaquemines Parish, Louisiana?
As of 2023, the median household income in Plaquemines Parish, Louisiana is $84,493.
What was the median household income in Plaquemines Parish in 2023?
In 2023, the median household income in Plaquemines Parish, Louisiana was $84,493.
What was the median household income in Plaquemines Parish in 2020?
In 2020, the median household income in Plaquemines Parish, Louisiana was $65,287.
What is the Gini coefficient in Plaquemines Parish, Louisiana?
The Gini coefficient in Plaquemines Parish is 0.577. 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 Plaquemines Parish, Louisiana?
Since 2009, the income gap between men and women in Plaquemines Parish, Louisiana has widened from about 19% to 35% in 2023. In dollar terms, the gap has widened by $14,308 since 2009.