Age of householder
Per the latest American Community Survey by the Census Bureau, Madison Parish sees its highest median household income among householders in the age group of 45 to 64 years old, at $45,149. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Madison Parish, the median household income stands at $45,149 for householders within the 45 to 64 years age group, followed by $37,104 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $35,055.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $5,308(17.84%), escalating from a median of $29,747 in 2011 to $35,055 in 2021.
- 59(1.92%) households where the householder is under 25 years old.
- 803(26.11%) households with a householder aged between 25 and 44 years.
- 1,285(41.78%) households with a householder aged between 45 and 64 years.
- 929(30.20%) households where the householder is over 65 years old.
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Gender
In Madison Parish, the population consists of 5,072 males (49.26%) and 5,225 females (50.74%). Here are the primary highlights from the gender-based income distribution analysis:
- In Madison Parish, the median income for all workers aged 15 years and older, regardless of work hours, was $23,636 for males and $17,874 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $38,507 for males and $43,295 for females.
- In Madison Parish, the median income for all workers aged 15 years and older, regardless of work hours, was $23,636 for males and $17,874 for females.
- In Madison Parish, among full-time, year-round workers aged 15 years and older, males earned a median income of $38,507, while females earned $43,295
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Race
In Madison Parish, the population is predominantly Black or African American, constituting 63.52% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $31,117.
- In Madison Parish, despite the Black or African American population being the most populous, it is worth noting that American Indian and Alaska Native households actually reports the highest median household income, with a median income of $270,229. This reveals that, while Black or African Americans may be the most numerous in Madison Parish, American Indian and Alaska Native households experience greater economic prosperity in terms of median household income.
- In Madison Parish, the median household income for the households where the householder is White increased by $8,902(18.97%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $46,917 in 2011 and $55,819 in 2021.
- In Madison Parish, the median household income for the households where the householder is Black or African American increased by $1,485(5.01%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $29,632 in 2011 and $31,117 in 2021.
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Year by year
Madison Parish, LA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Madison Parish increased by $4,183 (11.72%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 4,168 (from $31,071 to $35,239). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 2,727 (from $35,239 to $32,512).
- It then further increased to $43,436 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.503, it is evident that income distribution in Madison Parish, LA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $45,480. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $24,113.
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