Wealth Index
Wealthier than 73% 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 | Tangipahoa Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $57,645 | $60,029 | $78,145 |
| Median Personal Income | $51,008 | $54,233 | $61,726 |
| Average income growth | 4.1% | 4.0% | 5.1% |
| Six-Figure Earners | 8.3% | 9.4% | 13.2% |
The median household income in Tangipahoa Parish is about 4% lower than in Louisiana. Income has been growing faster in Tangipahoa Parish (4.1%/yr) than in Louisiana (4.0%/yr).
About 8% of adults in Tangipahoa 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 Tangipahoa Parish, Louisiana grew by 50.9% from 2009 to 2023, reaching $57,645 in 2023. That's an average of about 4.1% per year.
Economic Inequality in Tangipahoa Parish | Gender Pay Gap | Gini Coefficient
| Metric | Tangipahoa Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.586 | 0.586 | 0.570 |
| Male Median Income | $59,717 | $63,825 | $67,746 |
| Female Median Income | $42,993 | $46,053 | $54,793 |
| Gender Pay Gap | 28.0% | 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 Tangipahoa Parish, it is 0.586, 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 39% more than women's income in Tangipahoa Parish, Louisiana. Over a 35-year career, a 39% wage gap accumulates to roughly $585,340 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Tangipahoa Parish, Louisiana has narrowed from about 30% to 28% in 2023. In dollar terms, the gap has widened by $4,227 since 2009.
Employment
| Metric | Tangipahoa Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 6.3% | 5.2% |
| Working from Home | 6.3% | 7.2% | 13.4% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 3,279 people are unemployed in Tangipahoa Parish, Louisiana.
The average commute time in Tangipahoa Parish is 22 minutes, longer than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Tangipahoa Parish, Louisiana has fallen from 10.6% to 5.3% in 2023.
Conclusion
Considering all these factors, Tangipahoa Parish, Louisiana has an overall wealth index grade of C, making it about on par with Louisiana, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Tangipahoa Parish, Louisiana.
How Rich Is Tangipahoa Parish, Louisiana?
Tangipahoa 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 $57,645, about 4% lower than the Louisiana average of $60,029.
What is the current median household income in Tangipahoa Parish, Louisiana?
As of 2023, the median household income in Tangipahoa Parish, Louisiana is $57,645.
What was the median household income in Tangipahoa Parish in 2023?
In 2023, the median household income in Tangipahoa Parish, Louisiana was $57,645.
What was the median household income in Tangipahoa Parish in 2020?
In 2020, the median household income in Tangipahoa Parish, Louisiana was $48,839.
What is the Gini coefficient in Tangipahoa Parish, Louisiana?
The Gini coefficient in Tangipahoa Parish is 0.586. 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 Tangipahoa Parish, Louisiana?
Since 2009, the income gap between men and women in Tangipahoa Parish, Louisiana has narrowed from about 30% to 28% in 2023. In dollar terms, the gap has widened by $4,227 since 2009.