Mentor, Ohio Income Statistics
Mentor 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
Mentor Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Mentor | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $90,405 | $71,509 | $80,455 |
| Median Personal Income | $64,562 | $58,431 | $60,758 |
| Average Yearly Income Growth | 3.2% | 4.4% | 4.8% |
| Six-Figure Earners | 15.1% | 11.1% | 13.9% |
| $200k+ Households | 10.9% | 9.1% | 13.2% |
The median household income in Mentor is about 26% higher than in Ohio. Income has been growing slower in Mentor (3.2%/yr) than in Ohio (4.4%/yr).
About 15% of adults in Mentor 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 Mentor, Ohio grew by 42.3% from 2009 to 2024, reaching $90,405 in 2024. That's an average of about 3.2% per year.
Income Inequality and the Gender Pay Gap in Mentor
| Metric | Mentor | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.488 | 0.532 | 0.552 |
| Male Median Income | $74,038 | $67,200 | $69,667 |
| Female Median Income | $66,501 | $54,076 | $56,850 |
| Gender Pay Gap | 10.2% | 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 Mentor, it is 0.488, 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 Mentor, Ohio. Over a 35-year career, a 11% wage gap accumulates to roughly $263,795 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Mentor, Ohio has narrowed from about 27% to 10% in 2024. Over that period the gap was widest at 30% in 2017, and was narrowest at 4% in 2022. In dollar terms, the gap has narrowed by $6,695 since 2009.
Employment
| Metric | Mentor | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 4.8% | 5.2% |
| Working from Home | 14.7% | 13.0% | 15.0% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 752 people are unemployed in Mentor, Ohio.
The average commute time in Mentor is 20 minutes, shorter than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Mentor, Ohio has fallen from 5.8% to 2.9% in 2024. Over that period the rate peaked at 6.6% in 2012.
Mentor, OH Wealth Compared With Nearby Cities
How Mentor, OH compares with the 1 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Mentor, OH | 47,171 | $90,405 #1/2 | 3.2%/yr #2/2 | 2.9% #1/2 | 0.488 #2/2 |
| Willoughby, OH | 24,008 | $71,686 | 3.6%/yr | 4.1% | 0.488 |
Conclusion
Considering all these factors, Mentor, 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 Mentor, Ohio.
How Rich Is Mentor, Ohio?
Mentor 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 $90,405, about 26% higher than the Ohio average of $71,509.
How has median household income changed in Mentor, Ohio?
Between 2009 and 2024, the median household income in Mentor, Ohio rose 42%, from $63,542 to $90,405. Over the same years, income here lagged behind Ohio as a whole: +42% against +51%.
What was the median household income in Mentor in 2023?
In 2023, the median household income in Mentor, Ohio was $89,160, up 3% from $86,490 in 2022. The Ohio median that year was $69,792.
What was the median household income in Mentor in 2020?
In 2020, the median household income in Mentor, Ohio was $74,209. By 2024 it had risen 22% to $90,405.
How many people earn six figures in Mentor, Ohio?
Yes. 15% of adults in Mentor, Ohio earn $100,000 or more a year (about 1 in 7), against 11% (about 1 in 9) in Ohio. 11% of households have a combined income of $200,000 or more, compared with 9% in Ohio.
Is unemployment high in Mentor, Ohio?
Unemployment in Mentor, Ohio is only 2.9%, well below the Ohio rate of 4.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Mentor, Ohio?
The Gini coefficient in Mentor is 0.488. 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 Mentor, Ohio?
Since 2009, the income gap between men and women in Mentor, Ohio has narrowed from about 27% to 10% in 2024. Over that period the gap was widest at 30% in 2017, and was narrowest at 4% in 2022. In dollar terms, the gap has narrowed by $6,695 since 2009.
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