Lake Charles is a city in Louisiana state in USA with a population of 77832 residents.. The poverty rate of Lake Charles is 21.4%, which is 53% higher than national average. The typical household in Lake Charles earns $44785 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 11 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 54.4% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Lake Charles, only 89% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Lake Charles remained 6.1%, which is 30% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Lake Charles, only 27% of adults have a bachelor's degree and 32% have some college but no degree.

Cost of living in Lake Charles is 86, which is 14% lower than national average. Median home value in Lake Charles is $155700 , which is 32% lower than national average. While median income in Lake Charles remained $44785, which is 34% lower than national average.