Youngsville, Zachary, Central: These cities aren’t just some of the best places to live in Louisiana. They are also home to some of the richest people in the Pelican State.
Youngsville in particular houses the richest residents in the state thanks, in part, to a median household income of $94,564 and a ridiculously low poverty rate of 5.5%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Louisiana share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 63 places in Louisiana with more than 5,000 people.
At the end of the day, here’s the set of the 10 richest places in Louisiana for 2018:
- Youngsville (Photos | Homes For Sale)
- Zachary (Photos | Homes For Sale)
- Central (Photos | Homes For Sale)
- Harahan (Photos | Homes For Sale)
- Mandeville (Photos | Homes For Sale)
- Broussard (Photos | Homes For Sale)
- Scott (Photos | Homes For Sale)
- Covington (Photos | Homes For Sale)
- Gonzales (Photos | Homes For Sale)
- Lafayette (Photos | Homes For Sale)
For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Louisiana.
How We Determined The Richest Places In Louisiana For 2018
The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don’t believe that one statistic wholly encompasses what it means to be one of the “richest places”. So we looked at this set of criteria from the newly released 2012-2016 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 63 places with more than 5,000 people in Louisiana, we ranked each place from 1 to 63 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a “Rich Score” with the place having the lowest overall Rich Score, Youngsville, crowned the “Richest Place In Louisiana For 2018”.
You can learn more about the top ten below or skip to the end to see the rankings for all 63 places.
Population: 16,154Median Income: $75,472
Unemployment Rate: 3.2%
Poverty Rate: 8.8%
More on Zachary: Homes For Sale | Data
Zachary is a city in the East Baton Rouge parish of Louisiana in the United States. It lies 16 miles (26 km) north of the city of Baton Rouge, and had a population of 14,960 at the 2010 census, up from 11,275 in 2000.
Population: 28,017Median Income: $70,618
Unemployment Rate: 3.7%
Poverty Rate: 6.0%
More on Central: Homes For Sale | Data
Central is the thirteenth-largest city in the U.S. state of Louisiana. It is the second largest city in East Baton Rouge Parish. Central became the state’s newest city in April 2005. It is part of the Baton Rouge Metropolitan Statistical Area. The population of Central was 26,864 as of the 2010 census.
Population: 9,321Median Income: $59,397
Unemployment Rate: 2.1%
Poverty Rate: 8.9%
More on Harahan: Homes For Sale | Data
Harahan is a city in Jefferson Parish, Louisiana, United States, and a suburb of New Orleans. The population was 9,277 at the 2010 census.
Population: 12,244Median Income: $71,996
Unemployment Rate: 6.0%
Poverty Rate: 5.2%
More on Mandeville: Homes For Sale | Data
Mandeville is a small city in St. Tammany Parish, Louisiana, United States. The population was 11,560 at the 2010 census. Mandeville is located on the North Shore of Lake Pontchartrain, south of Interstate 12. It is across the lake from the city of New Orleans and its southshore suburbs. It is part of the New Orleans–Metairie–Kenner metropolitan area.
Population: 10,221Median Income: $71,250
Unemployment Rate: 4.2%
Poverty Rate: 10.4%
More on Broussard: Homes For Sale | Data
Broussard is a small city in Lafayette parish in the U.S. state of Louisiana. The population was 6,754 from the 2005 Census Est.
Population: 8,687Median Income: $45,883
Unemployment Rate: 4.3%
Poverty Rate: 6.0%
More on Scott: Homes For Sale | Data
Scott is the fourth largest municipality in Lafayette Parish, Louisiana, United States. The population rose to over 8,000 according to the 2010 census results. Scott is a suburb of Lafayette and is part of the Lafayette Metropolitan Statistical Area.
Population: 9,725Median Income: $55,721
Unemployment Rate: 4.7%
Poverty Rate: 16.0%
More on Covington: Homes For Sale | Data
Covington is a city in, and the parish seat of, St. Tammany Parish, Louisiana, United States. The population was 8,765 at the 2010 census. It is located at a fork of the Bogue Falaya and the Tchefuncte River.
Population: 10,492Median Income: $57,045
Unemployment Rate: 6.7%
Poverty Rate: 15.5%
More on Gonzales: Homes For Sale | Data
Gonzales is a small city in Ascension Parish, Louisiana, United States. As of the 2010 census, it had a population of 9,781. Known as the “Jambalaya Capital of the World”, it is famous for its annual Jambalaya Festival, which was first held in 1968. Stephen “Steve” F. Juneau came up with the idea for the Jambalaya Festival and served as the first president of the Jambalaya Festival Association President.
Population: 125,808Median Income: $47,940
Unemployment Rate: 5.2%
Poverty Rate: 19.0%
More on Lafayette: Homes For Sale | Data
Lafayette (/læfijt/; French: [lafajt]) is a city located along the Vermilion River in southwestern Louisiana. The city of Lafayette is the fourth-largest in the state, with a population of 127,657 according to 2015 U.S. Census estimates. It is the principal city of the Lafayette, Louisiana Metropolitan Statistical Area, with a 2015 estimated population of 490,488. The larger trade area or Combined Statistical Area of Lafayette-Opelousas-Morgan City CSA was 627,146 in 2015. Lafayette is the parish seat of Lafayette Parish, Louisiana. Its nickname is The Hub City.
There You Have It – The Wealthiest Places In Louisiana For 2018
Like we said earlier, when we set out to identify the richest places in Louisiana, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Louisiana.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in Louisiana, according to data:
Poorest: Ville Platte
2nd Poorest: Grambling
3rd Poorest: Natchitoches
For more Louisiana reading, check out:
Detailed List Of The Richest Cities In Louisiana