Lake Providence, LA Profile: Facts & Data

The primary coordinate point for Lake Providence is located at latitude 32.8043 and longitude -91.1701 in East Carroll Parish. The formal boundaries for the Town of Lake Providence encompass a land area of 3.59 sq. miles and a water area of 0.02 sq. miles. East Carroll Parish is in the Central time zone (GMT -6). The elevation is 105 feet.

The Town of Lake Providence (GNIS ID: 2405976) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Lake Providence, LA Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	3,674 (100%)
Population in Households	3,674 (100.0%)
Population in Families	3,033 (82.6%)
Population in Group Quarters¹	0
Population Density	1,022
Diversity Index²	38


INCOME
Median Household Income	$20,702
Average Household Income	$33,760
% of Income for Mortgage⁴	13%
Per Capita Income	$12,908
Wealth Index⁵	30

HOUSING
Total HU (Housing Units)	1,594 (100%)
Owner Occupied HU	692 (43.4%)
Renter Occupied HU	688 (43.2%)
Vacant Housing Units	214 (13.4%)
Median Home Value	$63,785
Average Home Value	$131,078
Housing Affordability Index³	203

HOUSEHOLDS
Total Households	1,380
Average Household Size	2.66
Family Households	899
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Lake Providence, LA - Peer Comparisons by Rank and Percentile

The table below compares Lake Providence to the other 474 incorporated cities, towns and CDPs in Louisiana by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	-0.8%	-1.25%
Households	-0.68%	-1.17%
Families	-0.86%	-1.32%
Median Household Income		-0.36%
Per Capita Income		0.67%
Owner Occupied HU		-1.34%

Variable Description	Rank	Percentile
Total Population	# 136	72nd
Population Density	# 145	70th
Median Household Income	# 458	4th
Housing Affordability Index	# 221	47th
Per Capita Income	# 458	4th
Diversity Index	# 324	32nd

Lake Providence, LA Profile: Facts & Data

Lake Providence, Louisiana - Basic Facts

Lake Providence, LA Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Providence, LA - Peer Comparisons by Rank and Percentile

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