Fairfield, Ohio Income Statistics
Fairfield 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.
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B
Fairfield Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Fairfield | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $76,302 | $71,509 | $80,455 |
| Median Personal Income | $53,898 | $58,431 | $60,758 |
| Average Yearly Income Growth | 3.1% | 4.4% | 4.8% |
| Six-Figure Earners | 10.8% | 11.1% | 13.9% |
| $200k+ Households | 8.4% | 9.1% | 13.2% |
The median household income in Fairfield is about 7% higher than in Ohio. Income has been growing slower in Fairfield (3.1%/yr) than in Ohio (4.4%/yr).
About 11% of adults in Fairfield 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 Fairfield, Ohio grew by 37.7% from 2009 to 2024, reaching $76,302 in 2024. That's an average of about 3.1% per year.
Income Inequality and the Gender Pay Gap in Fairfield
| Metric | Fairfield | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.507 | 0.532 | 0.552 |
| Male Median Income | $58,975 | $67,200 | $69,667 |
| Female Median Income | $53,031 | $54,076 | $56,850 |
| Gender Pay Gap | 10.1% | 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 Fairfield, it is 0.507, lower than Ohio's 0.532, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 11% more than women's income in Fairfield, Ohio. Over a 35-year career, a 11% wage gap accumulates to roughly $208,040 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fairfield, Ohio has narrowed from about 26% to 10% in 2024. Over that period the gap was narrowest at 5% in 2023. In dollar terms, the gap has narrowed by $6,502 since 2009.
Employment
| Metric | Fairfield | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 4.8% | 5.2% |
| Working from Home | 10.4% | 13.0% | 15.0% |
| Commute time (minutes) | 21 | 21 | 22 |
Approximately 1,297 people are unemployed in Fairfield, Ohio.
The average commute time in Fairfield is 21 minutes, about the same as in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fairfield, Ohio has fallen from 8.9% to 5.5% in 2024. Over that period the rate peaked at 9.8% in 2012 and fell as low as 3.1% in 2019.
Conclusion
Considering all these factors, Fairfield, Ohio has an overall wealth index grade of B, making it somewhat better than Ohio, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Fairfield, Ohio.
How Rich Is Fairfield, Ohio?
Fairfield has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $76,302, about 7% higher than the Ohio average of $71,509.
Are incomes growing in Fairfield, Ohio?
Between 2009 and 2024, the median household income in Fairfield, Ohio rose 38%, from $55,412 to $76,302. Over the same years, income here lagged behind Ohio as a whole: +38% against +51%.
What was the median household income in Fairfield in 2023?
In 2023, the median household income in Fairfield, Ohio was $71,853, up 4% from $68,961 in 2022. The Ohio median that year was $69,792.
What was the median household income in Fairfield in 2020?
In 2020, the median household income in Fairfield, Ohio was $63,375. By 2024 it had risen 20% to $76,302.
What is the Gini coefficient in Fairfield, Ohio?
The Gini coefficient in Fairfield is 0.507. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Fairfield, Ohio?
Since 2009, the income gap between men and women in Fairfield, Ohio has narrowed from about 26% to 10% in 2024. Over that period the gap was narrowest at 5% in 2023. In dollar terms, the gap has narrowed by $6,502 since 2009.
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