Lake Providence, LA Profile: Facts & Data

The Town of Lake Providence had a population of 3,445 as of July 1, 2024. Lake Providence ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Louisiana. See peer rankings below.

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 Town of Lake Providence 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, 2024)

POPULATION
Total Population	3,445 (100%)
Population in Households	3,445 (100.0%)
Population in Families	2,807 (81.5%)
Population in Group Quarters¹	0
Population Density	958
Diversity Index²	37


INCOME
Median Household Income	$27,779
Average Household Income	$49,768
% of Income for Mortgage⁴	19%
Per Capita Income	$20,630
Wealth Index⁵	34
Socioeconomic Status Index⁶	Low (35.0)

HOUSING
Total HU (Housing Units)	1,680 (100%)
Owner Occupied HU	828 (49.3%)
Renter Occupied HU	600 (35.7%)
Vacant Housing Units	252 (15.0%)
Median Home Value	$85,443
Average Home Value	$162,893
Housing Affordability Index³	140

HOUSEHOLDS
Total Households	1,428
Average Household Size	2.41
Family Households	862
Average Family Size	3.00

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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Lake Providence, LA - Peer Comparisons by Rank and Percentile

The table below compares Lake Providence to the other 489 incorporated cities, towns and CDPs in Louisiana by rank and percentile using July 1, 2024 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	2020-2024	2024-2029
Population	-0.95%	-0.98%
Households	-0.18%	-0.50%
Families		-0.35%
Median Household Income		1.87%
Per Capita Income		3.15%
Owner Occupied HU		-0.51%

Variable Description	Rank	Percentile
Total Population	# 136	72nd
Population Density	# 138	72nd
Median Household Income	# 456	7th
Housing Affordability Index	# 322	66th
Per Capita Income	# 422	14th
Diversity Index	# 372	24th

Lake Providence, LA Profile: Facts & Data

Lake Providence, Louisiana - Basic Facts

Lake Providence, LA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Providence, LA - Peer Comparisons by Rank and Percentile

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East Carroll Parish