Lake County, Ohio Income Statistics
Lake County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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B
Lake County Around averageWealthier than 92% of counties in Ohio
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lake County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $81,155 | $71,509 | $80,455 |
| Median Personal Income | $60,068 | $58,431 | $60,758 |
| Average Yearly Income Growth | 3.9% | 4.4% | 4.8% |
| Six-Figure Earners | 12.5% | 11.1% | 13.9% |
| $200k+ Households | 9.3% | 9.1% | 13.2% |
The median household income in Lake County is about 13% higher than in Ohio. Income has been growing slower in Lake County (3.9%/yr) than in Ohio (4.4%/yr).
About 12% of adults in Lake County earn six figures ($100,000 or more) a year, higher than the Ohio average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lake County, Ohio grew by 47.3% from 2009 to 2024, reaching $81,155 in 2024. That's an average of about 3.9% per year.
Income Inequality and the Gender Pay Gap in Lake County
| Metric | Lake County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.496 | 0.532 | 0.552 |
| Male Median Income | $69,663 | $67,200 | $69,667 |
| Female Median Income | $57,689 | $54,076 | $56,850 |
| Gender Pay Gap | 17.2% | 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 Lake County, it is 0.496, 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 21% more than women's income in Lake County, Ohio. Over a 35-year career, a 21% wage gap accumulates to roughly $419,090 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lake County, Ohio has narrowed from about 25% to 17% in 2024. Over that period the gap was widest at 26% in 2016, and was narrowest at 17% in 2022. In dollar terms, the gap has narrowed by $361 since 2009.
Employment
| Metric | Lake County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 4.8% | 5.2% |
| Working from Home | 13.6% | 13.0% | 15.0% |
| Commute time (minutes) | 21 | 21 | 22 |
Approximately 4,930 people are unemployed in Lake County, Ohio.
The average commute time in Lake County is 21 minutes, about the same as in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lake County, Ohio has fallen from 7.1% to 3.9% in 2024. Over that period the rate peaked at 7.8% in 2013.
Lake County, OH Wealth Compared With Nearby Counties
Lake County, OH is the 2nd largest of the 6 counties compared here, 232,216 residents against a local median of 161,954. The measure that sets Lake County, OH apart most is unemployment: 3.9%, 27% below the local median of 5.3%. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $81,155 against a local median of $64,955, 25% above it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while income growth runs behind it, so Lake County, OH is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 3.7% on unemployment, so Lake County, OH sits at one end of an already wide local range rather than apart from it. Lake County, OH has the 2nd lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Lake County, OH | 232,216 | $81,155 #2/6 | 3.9%/yr #5/6 | 3.9% #2/6 | 0.496 #1/6 |
| Geauga County, OH | 95,481 | $108,407 | 4.9%/yr | 3.0% | 0.525 |
| Ashtabula County, OH | 97,227 | $58,089 | 4.4%/yr | 6.6% | 0.524 |
| Cuyahoga County, OH | 1,244,625 | $64,955 | 4.6%/yr | 6.6% | 0.536 |
| Portage County, OH | 161,954 | $75,724 | 4.6%/yr | 5.3% | 0.530 |
| Trumbull County, OH | 200,835 | $57,254 | 3.4%/yr | 4.7% | 0.518 |
Conclusion
Considering all these factors, Lake County, 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 Lake County, Ohio.
How Rich Is Lake County, Ohio?
Lake County 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 $81,155, about 13% higher than the Ohio average of $71,509.
How fast is household income rising in Lake County, Ohio?
Between 2009 and 2024, the median household income in Lake County, Ohio rose 47%, from $55,110 to $81,155. Over the same years, income here lagged behind Ohio as a whole: +47% against +51%.
What was the median household income in Lake County in 2023?
In 2023, the median household income in Lake County, Ohio was $77,980, up 1% from $77,013 in 2022. The Ohio median that year was $69,792.
What was the median household income in Lake County in 2020?
In 2020, the median household income in Lake County, Ohio was $65,983. By 2024 it had risen 23% to $81,155.
What is the Gini coefficient in Lake County, Ohio?
The Gini coefficient in Lake County is 0.496. 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 Lake County, Ohio?
Since 2009, the income gap between men and women in Lake County, Ohio has narrowed from about 25% to 17% in 2024. Over that period the gap was widest at 26% in 2016, and was narrowest at 17% in 2022. In dollar terms, the gap has narrowed by $361 since 2009.
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