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. Tammany Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,900 | $60,029 | $78,145 |
| Median Personal Income | $63,392 | $54,233 | $61,726 |
| Average income growth | 3.3% | 4.0% | 5.1% |
| Six-Figure Earners | 13.2% | 9.4% | 13.2% |
The median household income in St. Tammany Parish is about 33% higher than in Louisiana. Income has been growing slower in St. Tammany Parish (3.3%/yr) than in Louisiana (4.0%/yr).
About 13% of adults in St. Tammany 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. Tammany Parish, Louisiana grew by 34.0% from 2009 to 2023, reaching $79,900 in 2023. That's an average of about 3.3% per year.
Economic Inequality in St. Tammany Parish | Gender Pay Gap | Gini Coefficient
| Metric | St. Tammany Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.574 | 0.586 | 0.570 |
| Male Median Income | $76,432 | $63,825 | $67,746 |
| Female Median Income | $53,068 | $46,053 | $54,793 |
| Gender Pay Gap | 30.6% | 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. Tammany Parish, it is 0.574, lower than Louisiana's 0.586, so income is more evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 44% more than women's income in St. Tammany Parish, Louisiana. Over a 35-year career, a 44% wage gap accumulates to roughly $817,740 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. Tammany Parish, Louisiana has narrowed from about 35% to 31% in 2023. In dollar terms, the gap has widened by $3,607 since 2009.
Employment
| Metric | St. Tammany Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 6.3% | 5.2% |
| Working from Home | 12.4% | 7.2% | 13.4% |
| Commute time (minutes) | 26 | 21 | 22 |
Approximately 6,352 people are unemployed in St. Tammany Parish, Louisiana.
The average commute time in St. Tammany Parish is 26 minutes, longer than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in St. Tammany Parish, Louisiana has fallen from 6.1% to 4.8% in 2023.
Conclusion
Considering all these factors, St. Tammany 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. Tammany Parish, Louisiana.
How Rich Is St. Tammany Parish, Louisiana?
St. Tammany 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 $79,900, about 33% higher than the Louisiana average of $60,029.
What is the current median household income in St. Tammany Parish, Louisiana?
As of 2023, the median household income in St. Tammany Parish, Louisiana is $79,900.
What was the median household income in St. Tammany Parish in 2023?
In 2023, the median household income in St. Tammany Parish, Louisiana was $79,900.
What was the median household income in St. Tammany Parish in 2020?
In 2020, the median household income in St. Tammany Parish, Louisiana was $69,848.
What is the Gini coefficient in St. Tammany Parish, Louisiana?
The Gini coefficient in St. Tammany Parish is 0.574. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in St. Tammany Parish, Louisiana?
Since 2009, the income gap between men and women in St. Tammany Parish, Louisiana has narrowed from about 35% to 31% in 2023. In dollar terms, the gap has widened by $3,607 since 2009.