(Stacker) – Americans on the whole were doing well financially heading into 2020, with major markers like unemployment reaching 50-year lows. The pandemic changed all that: During the second quarter of the 2020 fiscal year , our nation’s real GDP fell by a whopping 31.4%, a number that hasn’t been seen since the Great Depression. As the economy makes its comeback, things are still a far cry from the way they were in 2019.
One marker that has sped far past its 2019 position is that of income inequality in the United States . Low-wage industries were decimated by the pandemic, leaving millions without work or in positions they were overqualified for. Meanwhile, nearly one in five households across the United States earn less than $25,000 a year, while more than 6% have an annual income that falls below $10,000.
Where you live can make a big impact on your financial situation. Stacker compiled a list of the lowest-earning parishes in Louisiana using data from the U.S. Census Bureau. Of the 64 parishes in the state Jackson Parish ranks #43 in regard to median income with an average of $39,139.00 per household. This is 20.9% below the state median and 37.7% below the national median.
Additional income data shows that 15.5% of the households in Jackson Parish earns more than $100,000.00 per year, which ranks as #2,232 among all parishes/counties in the nation. Conversely, 19.5% of the households in Jackson Parish earns less than $15,000.00 which is the 292nd highest percentage among Parishes/Counties in the nation.
East Carroll Parish has the lowest household income average in the state (HIA) at $22,346.00, with 37.6% making less than $15,000.00. This is the third highest percentage in the nation. In regard to neighboring parishes, Claiborne Parish has the second lowest HIA, Nathchitoches Parish – 4th, Bienville Parish – 6th, Lincoln Parish – 14th, Caldwell Parish – 17th, Winn Parish – 18th.
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