Cincinnati, Ohio Income Statistics
Cincinnati Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Cincinnati Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Cincinnati | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,145 | $71,509 | $80,455 |
| Median Personal Income | $55,602 | $58,431 | $60,758 |
| Average Yearly Income Growth | 5.4% | 4.4% | 4.8% |
| Six-Figure Earners | 11.3% | 11.1% | 13.9% |
| $200k+ Households | 8.7% | 9.1% | 13.2% |
The median household income in Cincinnati is about 26% lower than in Ohio. Income has been growing faster in Cincinnati (5.4%/yr) than in Ohio (4.4%/yr).
About 11% of adults in Cincinnati earn six figures ($100,000 or more) a year, about the same as the Ohio average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Cincinnati, Ohio grew by 56.9% from 2009 to 2024, reaching $53,145 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Cincinnati
| Metric | Cincinnati | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.561 | 0.532 | 0.552 |
| Male Median Income | $64,501 | $67,200 | $69,667 |
| Female Median Income | $53,822 | $54,076 | $56,850 |
| Gender Pay Gap | 16.6% | 19.5% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Cincinnati, it is 0.561, higher than Ohio's 0.532, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 20% more than women's income in Cincinnati, Ohio. Over a 35-year career, a 20% wage gap accumulates to roughly $373,765 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cincinnati, Ohio has widened from about 14% to 17% in 2024. Over that period the gap was widest at 18% in 2022, and was narrowest at 13% in 2017. In dollar terms, the gap has widened by $4,683 since 2009.
Sharply against the trend: the pay gap in Cincinnati widened by 2.2 points while Ohio's narrowed by 5.7 points.
Employment
| Metric | Cincinnati | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.9% | 4.8% | 5.2% |
| Working from Home | 14.9% | 13.0% | 15.0% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 11,420 people are unemployed in Cincinnati, Ohio.
The average commute time in Cincinnati is 20 minutes, shorter than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cincinnati, Ohio has fallen from 11.4% to 6.9% in 2024. Over that period the rate peaked at 13.0% in 2014 and fell as low as 6.9% in 2023.
Conclusion
Considering all these factors, Cincinnati, Ohio has an overall wealth index grade of D, making it about on par with Ohio, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Cincinnati, Ohio.
How Rich Is Cincinnati, Ohio?
Cincinnati has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $53,145, about 26% lower than the Ohio average of $71,509.
How fast is household income rising in Cincinnati, Ohio?
Between 2009 and 2024, the median household income in Cincinnati, Ohio rose 57%, from $33,864 to $53,145. Over the same years, income here outpaced Ohio as a whole: +57% against +51%.
What was the median household income in Cincinnati in 2023?
In 2023, the median household income in Cincinnati, Ohio was $51,818, up 5% from $49,221 in 2022. The Ohio median that year was $69,792.
What was the median household income in Cincinnati in 2020?
In 2020, the median household income in Cincinnati, Ohio was $43,289. By 2024 it had risen 23% to $53,145.
How strong is the job market in Cincinnati, Ohio?
Unemployment in Cincinnati, Ohio is 6.9%, well above the Ohio rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Cincinnati, Ohio?
The Gini coefficient in Cincinnati is 0.561. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Cincinnati, Ohio?
Since 2009, the income gap between men and women in Cincinnati, Ohio has widened from about 14% to 17% in 2024. Over that period the gap was widest at 18% in 2022, and was narrowest at 13% in 2017. In dollar terms, the gap has widened by $4,683 since 2009.
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