Wealth Index
Among the 5 least wealthy 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 | Tensas Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $36,373 | $60,029 | $78,145 |
| Median Personal Income | $37,202 | $54,233 | $61,726 |
| Average income growth | 6.8% | 4.0% | 5.1% |
| Six-Figure Earners | 2.0% | 9.4% | 13.2% |
The median household income in Tensas Parish is about 39% lower than in Louisiana. Income has been growing faster in Tensas Parish (6.8%/yr) than in Louisiana (4.0%/yr).
About 2% of adults in Tensas 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 Tensas Parish, Louisiana grew by 19.5% from 2009 to 2023, reaching $36,373 in 2023. That's an average of about 6.8% per year.
Economic Inequality in Tensas Parish | Gender Pay Gap | Gini Coefficient
| Metric | Tensas Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.608 | 0.586 | 0.570 |
| Male Median Income | $39,684 | $63,825 | $67,746 |
| Female Median Income | $29,967 | $46,053 | $54,793 |
| Gender Pay Gap | 24.5% | 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 Tensas Parish, it is 0.608, higher than Louisiana's 0.586, so income is less 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 32% more than women's income in Tensas Parish, Louisiana. Over a 35-year career, a 32% wage gap accumulates to roughly $340,095 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Tensas Parish, Louisiana has narrowed from about 37% to 24% in 2023. In dollar terms, the gap has narrowed by $2,910 since 2009.
Employment
| Metric | Tensas Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 13.3% | 6.3% | 5.2% |
| Working from Home | 2.1% | 7.2% | 13.4% |
| Commute time (minutes) | 18 | 21 | 22 |
Approximately 184 people are unemployed in Tensas Parish, Louisiana.
The average commute time in Tensas Parish is 18 minutes, shorter than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Tensas Parish, Louisiana has risen from 6.7% to 13.3% in 2023.
Conclusion
Considering all these factors, Tensas Parish, Louisiana has an overall wealth index grade of F, making it somewhat worse than Louisiana, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Tensas Parish, Louisiana.
How Rich Is Tensas Parish, Louisiana?
Tensas Parish has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $36,373, about 39% lower than the Louisiana average of $60,029.
What is the current median household income in Tensas Parish, Louisiana?
As of 2023, the median household income in Tensas Parish, Louisiana is $36,373.
What was the median household income in Tensas Parish in 2023?
In 2023, the median household income in Tensas Parish, Louisiana was $36,373.
What was the median household income in Tensas Parish in 2020?
In 2020, the median household income in Tensas Parish, Louisiana was $29,798.
What is the Gini coefficient in Tensas Parish, Louisiana?
The Gini coefficient in Tensas Parish is 0.608. 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 Tensas Parish, Louisiana?
Since 2009, the income gap between men and women in Tensas Parish, Louisiana has narrowed from about 37% to 24% in 2023. In dollar terms, the gap has narrowed by $2,910 since 2009.