What Is The Average Household Income In Louisiana?

Table

Population
Transportation
Mean travel time to work (minutes), workers age 16 years+, 2016-2020 25.8
Income & Poverty
Median household income (in 2020 dollars), 2016-2020 $50,800

What is considered wealthy in Louisiana?

BATON ROUGE – Bring in at least $423,138 in yearly income, and you’ll be among the top 1 percent of earners in Louisiana, according to a 24/7 Wall St. analysis of the ultra wealthy in every state.

What is considered moderate income in Louisiana?

Historical Nominal Median Household Income for Louisiana

Date US Louisiana
2019 $65,712 $51,073
2018 $61,937 $47,905
2017 $60,336 $46,145
2016 $57,617 $45,146

What is Louisiana middle class?

As of Jul 22, 2022, the average annual pay for the Lower Middle Class jobs category in Louisiana is $47,527 a year.

What is the average monthly income in Louisiana?

$4,135/month
As of Jul 30, 2022, the average annual pay for the Average jobs category in Louisiana is $49,626 a year. Just in case you need a simple salary calculator, that works out to be approximately $23.86 an hour. This is the equivalent of $954/week or $4,135/month.

What is the richest town in Louisiana?

With a median household income of $89,038 and around 6% off all households making over $200,000, Youngsville, near Lafayette, was chosen the wealthiest area of Louisiana. Here are some other statistics that combined to make Youngsville Number 1.

What’s the poorest city in Louisiana?

Monroe was ranked the poorest city in Louisiana in a 24/7 Wall St.
The Center Square.

Poorest City Monroe
Median Household Income $30,438
Poverty Rate 36.8%
Median Home Value $139,600
Population 48,241
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What is upper class in Louisiana?

While ZipRecruiter is seeing salaries as high as $79,877 and as low as $15,586, the majority of salaries within the Upper Class jobs category currently range between $30,002 (25th percentile) to $52,211 (75th percentile) with top earners (90th percentile) making $64,680 annually in Louisiana.

What is low income Louisiana?

For a family of one in Louisiana the low-income limit for an annual income is $32,700. A household of four cannot exceed $46,700.

What’s the cost of living in Louisiana?

The cost of living in Louisiana is 7% lower than the national average. Housing is 12% lower than the national average, while utilities are 14% lower. When it comes to basic necessities such as food and clothing, groceries are around 2% lower than in the rest of the country, while clothing costs 2% lower.

Is Louisiana the poorest state?

Louisiana. Lousiana is the second-poorest state in the country, with 17.4% of its population at or below the poverty line.

What is the poorest parish in Louisiana?

The poorest parish in Louisiana is Madison, with a median household income of $23,854. Louisiana is a relatively poor state with a median household income of $45,047 a year, about $8,800 below the national median. Madison is extremely poor, even by state standards.

What salary is upper class?

A family earning between $32,048 and $53,413 was considered lower-middle class. For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.

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What is the best paying job in Louisiana?

The highest salary in Louisiana tops the $287,000 dollar mark.
Here Are the 20 Highest Paying Jobs in Louisiana

  1. 18 Wheeler Drivers.
  2. Surgeons.
  3. Anesthesiologists.
  4. Obstetricians and Gynecologists.
  5. Dentist (all other specialties)
  6. Internal Medicine Physicians.
  7. Physicians All Others Except Pediatricians.
  8. Chief Executives.

Can a single person live on $25000 a year?

To live on $25,000 year, really means $25,000 after taxes. Given this, you would have about $2,100 a month for food, rent and other necessities. This could possibly be enough if you don’t own a car because if you did, there would be additional expenses for gas, repairs and insurance.

What is the best part of Louisiana to live in?

Best Places to Live in Louisiana in 2022-2023

  • Baton Rouge, LA.
  • Lafayette, LA.
  • New Orleans, LA.
  • Shreveport, LA.

Where do rich people stay in Louisiana?

  • 70130: Garden District/French Quarter/CBD, New Orleans (Orleans Parish)
  • 70112: French Quarter/CBD, New Orleans (Orleans Parish)
  • 70124: Lakeview/City Park, New Orleans (Orleans Parish)
  • 70810: South Baton Rouge (East Baton Rouge Parish)
  • 70005: Bonnabel Place, Metairie (Jefferson Parish)

How many millionaires live in Louisiana?

90,000 millionaires
Louisiana’s 90,000 millionaires, whose income depends on the state’s economic staples, are likely to be feeling a pinch.

Is Louisiana a black state?

According to the 2020 U.S. census, 57.1% of the total population were White Americans; 31.4% were Black or African American, 0.7% American Indian and Alaska Native, 1.9% Asian, <0.0% Native Hawaiian or other Pacific Islander, 3.1% some other race, and 5.9% two or more races.

Which is the poorest US state?

Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).

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Is Louisiana a good place to live?

Is Louisiana a Good State to Live In? Louisiana is a great place to live because of its vibrant culture, low cost of living, and comfortable weather all year long. With winter temperatures hovering in the 70s and 80s you can keep your shorts on and not worry about shoveling snow in the morning.