Ranked # 4 nationally in economic development by Site Selection magazine, Ouachita Parish acts as a population center and economic hub for northeast Louisiana. Recently, Ouachita Parish has seen a flurry of locations and expansions. CenturyLink, the third largest telecommunications company in the U.S., expanded its national headquarters in Ouachita Parish. The telecom giant will add another 800 new jobs, increasing the number of employees at its Louisiana headquarters to nearly 1,200. JP Morgan Chase, Gardner Denver Thomas and other companies have all announced expansions in Monroe, the parish seat for Ouachita Parish- a testament to the competitive advantages businesses will find here. Ouachita offers a diverse and thriving economy with:
a multimodal transportation system of interstate, Class 1 rail, air, and port service
a civilian labor force of 72,158
five nearby universities, colleges and vocational schools
a population base of 153,720 residents, earning average household income of $49,177
unemployment rate at 8.0%
a stable and thriving housing market
numerous industrial parks and certified sites
Ouachtia Parish Communities Ouachita Parish Demographics Ouachita Parish Workplace Statistics Ouachita Parish Transportation Infrastructure Ouachita Parish Major Employers Tax Structure: Cost of Business
(2010 U.S. Census)
Demographics
Population
153,720
Households
56,995
Median Age
34.4
Male Population
73,530 (47.8%)
Median Male Age
32.8
Female Population
80,190 (52.2%)
Median Female Age
35.5
5 Year Population Projection
153,278 to 177,467
Race
White
92,884 (60.4%)
African American
56,216 (36.6%)
American Indian or Alaska Native
381 (.2%)
Asian
1,455 (.9)
Other
2,733 (1.7)
Hispanic Ethnicity
2,760 (1.8%)
Income
Median Household Income
$36,373
Average Household Income
$49,177
Per Capita Income
$18,858
Workforce
Civilian Labor
72,158
Employed
66,586
Unemployed
5,572
Unemployment rate
7.7%
White Collar Jobs
59.9%
Service Jobs
19.1%
Blue Collar Jobs
21%
Educational Attainment Diploma or Higher (Age 25+)
61.5%
High School Graduate
31.8%
Associate Degree
4.5%
Bachelor’s Degree
17.3%
Master’s or Doctorate
7.9%
Weekly Wages- 3Q 2010
Average Weekly Wage
$665
Private Employers
2,262
2,100
1,360
1,167
950
499
470
460
212
207
Public Employers
3,025
1,387
1,206
1,150
State Corporate Income Tax
State Corporate Franchise Tax
Unemployment Insurance Tax
Parish Property
75.09 - 133.79 Mills*
Total Sales Taxes in Ouachita Parish**
East Ouachita Parish - 8.6%
West Ouachita Parish - 9.6%
Total Sales Taxes in City of Monroe
9.99%
Total Sales Taxes in Town of Richwood
9.50%
Total Sales Taxes in Town of Sterlington
Total Sales Taxes in City of West Monroe
* To calculate property tax, multiply the assessed value of the property by the appropriate millage rate. The assessed value is the fair market value of the property times 10% for real property or 15% for personal property. ** Sales taxes include a 4% state tax along with a local portion