Wealth Index
Among the top 3 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 | St. Charles Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $82,863 | $60,029 | $78,145 |
| Median Personal Income | $58,720 | $54,233 | $61,726 |
| Average income growth | 4.0% | 4.0% | 5.1% |
| Six-Figure Earners | 11.7% | 9.4% | 13.2% |
The median household income in St. Charles Parish is about 38% higher than in Louisiana. Income has been growing faster in St. Charles Parish (4.0%/yr) than in Louisiana (4.0%/yr).
About 12% of adults in St. Charles 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 St. Charles Parish, Louisiana grew by 38.4% from 2009 to 2023, reaching $82,863 in 2023. That's an average of about 4.0% per year.
Economic Inequality in St. Charles Parish | Gender Pay Gap | Gini Coefficient
| Metric | St. Charles Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.558 | 0.586 | 0.570 |
| Male Median Income | $68,465 | $63,825 | $67,746 |
| Female Median Income | $48,677 | $46,053 | $54,793 |
| Gender Pay Gap | 28.9% | 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 St. Charles Parish, it is 0.558, 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 41% more than women's income in St. Charles Parish, Louisiana. Over a 35-year career, a 41% wage gap accumulates to roughly $692,580 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in St. Charles Parish, Louisiana has narrowed from about 37% to 29% in 2023. In dollar terms, the gap has narrowed by $646 since 2009.
Employment
| Metric | St. Charles Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.2% | 6.3% | 5.2% |
| Working from Home | 7.7% | 7.2% | 13.4% |
| Commute time (minutes) | 23 | 21 | 22 |
Approximately 1,646 people are unemployed in St. Charles Parish, Louisiana.
The average commute time in St. Charles Parish is 23 minutes, longer than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in St. Charles Parish, Louisiana has fallen from 6.9% to 6.2% in 2023.
Conclusion
Considering all these factors, St. Charles 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 St. Charles Parish, Louisiana.
How Rich Is St. Charles Parish, Louisiana?
St. Charles 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 $82,863, about 38% higher than the Louisiana average of $60,029.
What is the current median household income in St. Charles Parish, Louisiana?
As of 2023, the median household income in St. Charles Parish, Louisiana is $82,863.
What was the median household income in St. Charles Parish in 2023?
In 2023, the median household income in St. Charles Parish, Louisiana was $82,863.
What was the median household income in St. Charles Parish in 2020?
In 2020, the median household income in St. Charles Parish, Louisiana was $67,493.
What is the Gini coefficient in St. Charles Parish, Louisiana?
The Gini coefficient in St. Charles Parish is 0.558. 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 St. Charles Parish, Louisiana?
Since 2009, the income gap between men and women in St. Charles Parish, Louisiana has narrowed from about 37% to 29% in 2023. In dollar terms, the gap has narrowed by $646 since 2009.