Village of Folsom Draft

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Village of Folsom Draft

C. Income, Employment and EconomyTable 9: Median and Per Capita Income*Village of St TammanyFolsomParishState ofLouisianaMedian HH Income 2000 $33,942 $47,940 $32,809Projected Median HHIncome 2015 $46,486 $59,716 $40,711% Change in Median HHIncome +37.0% +24.6% +24.1%Average HH Income 2000 $42,162 $61,565 $44,833Projected Average HHIncome 2015 $56,051 $72,267 $50,819% Change in Average HHIncome +32.9% +17.4% +13.4%Per Capita Income 2000 $14,982 $22,514 $16,912Projected Per CapitaIncome 2015 $21,141 $27,512 $19,654% Change in Per CapitaIncome +41.1% +22.2% +16.2%Data Sources: U.S. Census Bureau (1990, 2000), ESRI Forecasts (2010, 2015)Prepared by Villavaso & Associates, LLA (August 2010)* Income expressed in current dollarsIn 2000, the Village of Folsom more closely resembles incometrends in the State of Louisiana, both of which were significantlybelow the averages for St. Tammany Parish. In 2000, the medianhousehold income for the Village of Folsom was $33,942, roughly$1,000 more than the median for the State of Louisiana, butsignificantly lower than the $47,940 of St. Tammany Parish.Similarly, average household income for 2000 in the Village and theState are on a par, while both are below the Parish. In 2000 the percapita income for the Village is roughly $2,000 less than the State,and both are significantly lower than St. Tammany Parish.more with the Parish. The projected percentage increase inhousehold income for the Village of Folsom is 37%, or an increase ofmore than $12,500 annually. For this same timeframe, the State ofLouisiana and the Parish are both expected to increase byapproximately 24%. Per capita income in the Village of Folsom isexpected to increase by roughly 41% or $6,159, while the Parish isexpected to increase by more than 22% and the State by more than16%. Similarly, the Village of Folsom is expected to increase theaverage household income by almost 33% or $13,889, while theParish is expected to increase by more than 17% and the State by13.4%. Table xxx and xxx provide a more detailed breakdown of theincome distributions in the Village of Folsom and the Parish as awhole.Table 10: Village of Folsom Households by Income*Households by Income2000 2010 2015Number Percent Number Percent Number Percent

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