Wealth Index
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 | West Feliciana Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,207 | $60,029 | $78,145 |
| Median Personal Income | $56,846 | $54,233 | $61,726 |
| Average income growth | 4.6% | 4.0% | 5.1% |
| Six-Figure Earners | 7.2% | 9.4% | 13.2% |
The median household income in West Feliciana Parish is about 24% higher than in Louisiana. Income has been growing faster in West Feliciana Parish (4.6%/yr) than in Louisiana (4.0%/yr).
About 7% of adults in West Feliciana 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 West Feliciana Parish, Louisiana grew by 71.3% from 2009 to 2023, reaching $74,207 in 2023. That's an average of about 4.6% per year.
Economic Inequality in West Feliciana Parish | Gender Pay Gap | Gini Coefficient
| Metric | West Feliciana Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.667 | 0.586 | 0.570 |
| Male Median Income | $65,349 | $63,825 | $67,746 |
| Female Median Income | $48,725 | $46,053 | $54,793 |
| Gender Pay Gap | 25.4% | 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 West Feliciana Parish, it is 0.667, 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 34% more than women's income in West Feliciana Parish, Louisiana. Over a 35-year career, a 34% wage gap accumulates to roughly $581,840 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in West Feliciana Parish, Louisiana has widened from about -12% to 25% in 2023. In dollar terms, the gap has widened by $20,293 since 2009.
Employment
| Metric | West Feliciana Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 6.3% | 5.2% |
| Working from Home | 7.1% | 7.2% | 13.4% |
| Commute time (minutes) | 30 | 21 | 22 |
Approximately 351 people are unemployed in West Feliciana Parish, Louisiana.
The average commute time in West Feliciana Parish is 30 minutes, longer than the 21 minutes in Louisiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in West Feliciana Parish, Louisiana has fallen from 6.8% to 5.9% in 2023.
Conclusion
Considering all these factors, West Feliciana Parish, Louisiana has an overall wealth index grade of D, making it about on par with Louisiana, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in West Feliciana Parish, Louisiana.
How Rich Is West Feliciana Parish, Louisiana?
West Feliciana Parish has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $74,207, about 24% higher than the Louisiana average of $60,029.
What is the current median household income in West Feliciana Parish, Louisiana?
As of 2023, the median household income in West Feliciana Parish, Louisiana is $74,207.
What was the median household income in West Feliciana Parish in 2023?
In 2023, the median household income in West Feliciana Parish, Louisiana was $74,207.
What was the median household income in West Feliciana Parish in 2020?
In 2020, the median household income in West Feliciana Parish, Louisiana was $59,648.
What is the Gini coefficient in West Feliciana Parish, Louisiana?
The Gini coefficient in West Feliciana Parish is 0.667. 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 West Feliciana Parish, Louisiana?
Since 2009, the income gap between men and women in West Feliciana Parish, Louisiana has widened from about -12% to 25% in 2023. In dollar terms, the gap has widened by $20,293 since 2009.