Lancaster, Ohio Income Statistics
Lancaster 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
Lancaster Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lancaster | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $57,633 | $71,509 | $80,455 |
| Median Personal Income | $49,621 | $58,431 | $60,758 |
| Average Yearly Income Growth | 5.5% | 4.4% | 4.8% |
| Six-Figure Earners | 6.6% | 11.1% | 13.9% |
| $200k+ Households | 4.5% | 9.1% | 13.2% |
The median household income in Lancaster is about 19% lower than in Ohio. Income has been growing faster in Lancaster (5.5%/yr) than in Ohio (4.4%/yr).
About 7% of adults in Lancaster earn six figures ($100,000 or more) a year, lower than the Ohio average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lancaster, Ohio grew by 51.4% from 2009 to 2024, reaching $57,633 in 2024. That's an average of about 5.5% per year.
Income Inequality and the Gender Pay Gap in Lancaster
| Metric | Lancaster | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.514 | 0.532 | 0.552 |
| Male Median Income | $57,963 | $67,200 | $69,667 |
| Female Median Income | $51,165 | $54,076 | $56,850 |
| Gender Pay Gap | 11.7% | 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 Lancaster, it is 0.514, 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 13% more than women's income in Lancaster, Ohio. Over a 35-year career, a 13% wage gap accumulates to roughly $237,930 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lancaster, Ohio has narrowed from about 17% to 12% in 2024. Over that period the gap was widest at 23% in 2016. In dollar terms, the gap has widened by $247 since 2009.
Employment
| Metric | Lancaster | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.7% | 4.8% | 5.2% |
| Working from Home | 8.5% | 13.0% | 15.0% |
| Commute time (minutes) | 23 | 21 | 22 |
Approximately 910 people are unemployed in Lancaster, Ohio.
The average commute time in Lancaster is 23 minutes, longer than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lancaster, Ohio has fallen from 9.5% to 5.7% in 2024. Over that period the rate peaked at 11.8% in 2013 and fell as low as 5.1% in 2020.
Conclusion
Considering all these factors, Lancaster, Ohio has an overall wealth index grade of D, making it somewhat worse than Ohio, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lancaster, Ohio.
How Rich Is Lancaster, Ohio?
Lancaster 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 $57,633, about 19% lower than the Ohio average of $71,509.
How fast is household income rising in Lancaster, Ohio?
Between 2009 and 2024, the median household income in Lancaster, Ohio rose 51%, from $38,057 to $57,633. Over the same years, income here kept pace with Ohio as a whole: +51% against +51%.
What was the median household income in Lancaster in 2023?
In 2023, the median household income in Lancaster, Ohio was $53,746, up 2% from $52,756 in 2022. The Ohio median that year was $69,792.
What was the median household income in Lancaster in 2020?
In 2020, the median household income in Lancaster, Ohio was $43,349. By 2024 it had risen 33% to $57,633.
What is the Gini coefficient in Lancaster, Ohio?
The Gini coefficient in Lancaster is 0.514. 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 Lancaster, Ohio?
Since 2009, the income gap between men and women in Lancaster, Ohio has narrowed from about 17% to 12% in 2024. Over that period the gap was widest at 23% in 2016. In dollar terms, the gap has widened by $247 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →