North Olmsted, Ohio Income Statistics
North Olmsted 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
North Olmsted Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | North Olmsted | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $84,003 | $71,509 | $80,455 |
| Median Personal Income | $63,164 | $58,431 | $60,758 |
| Average Yearly Income Growth | 4.1% | 4.4% | 4.8% |
| Six-Figure Earners | 13.5% | 11.1% | 13.9% |
| $200k+ Households | 8.6% | 9.1% | 13.2% |
The median household income in North Olmsted is about 17% higher than in Ohio. Income has been growing slower in North Olmsted (4.1%/yr) than in Ohio (4.4%/yr).
About 13% of adults in North Olmsted 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 North Olmsted, Ohio grew by 43.1% from 2009 to 2024, reaching $84,003 in 2024. That's an average of about 4.1% per year.
Income Inequality and the Gender Pay Gap in North Olmsted
| Metric | North Olmsted | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.502 | 0.532 | 0.552 |
| Male Median Income | $72,756 | $67,200 | $69,667 |
| Female Median Income | $59,527 | $54,076 | $56,850 |
| Gender Pay Gap | 18.2% | 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 North Olmsted, it is 0.502, 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 22% more than women's income in North Olmsted, Ohio. Over a 35-year career, a 22% wage gap accumulates to roughly $463,015 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in North Olmsted, Ohio has narrowed from about 21% to 18% in 2024. Over that period the gap was narrowest at 8% in 2020. In dollar terms, the gap has widened by $2,138 since 2009.
Employment
| Metric | North Olmsted | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.0% | 4.8% | 5.2% |
| Working from Home | 18.2% | 13.0% | 15.0% |
| Commute time (minutes) | 21 | 21 | 22 |
Approximately 516 people are unemployed in North Olmsted, Ohio.
The average commute time in North Olmsted is 21 minutes, about the same as in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in North Olmsted, Ohio has fallen from 7.3% to 3.0% in 2024. Over that period the rate peaked at 8.7% in 2013 and fell as low as 2.9% in 2020.
North Olmsted, OH Wealth Compared With Nearby Cities
How North Olmsted, 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. |
|---|---|---|---|---|---|
| North Olmsted, OH | 31,891 | $84,003 #2/2 | 4.1%/yr #1/2 | 3.0% #1/2 | 0.502 #1/2 |
| Westlake, OH | 34,104 | $111,096 | 4.0%/yr | 3.5% | 0.515 |
Conclusion
Considering all these factors, North Olmsted, 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 North Olmsted, Ohio.
How Rich Is North Olmsted, Ohio?
North Olmsted 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 $84,003, about 17% higher than the Ohio average of $71,509.
Are incomes growing in North Olmsted, Ohio?
Between 2009 and 2024, the median household income in North Olmsted, Ohio rose 43%, from $58,711 to $84,003. Over the same years, income here lagged behind Ohio as a whole: +43% against +51%.
What was the median household income in North Olmsted in 2023?
In 2023, the median household income in North Olmsted, Ohio was $84,522, up 3% from $82,178 in 2022. The Ohio median that year was $69,792.
What was the median household income in North Olmsted in 2020?
In 2020, the median household income in North Olmsted, Ohio was $72,709. By 2024 it had risen 16% to $84,003.
Is unemployment high in North Olmsted, Ohio?
Unemployment in North Olmsted, Ohio is only 3.0%, 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 North Olmsted, Ohio?
The Gini coefficient in North Olmsted is 0.502. 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 North Olmsted, Ohio?
Since 2009, the income gap between men and women in North Olmsted, Ohio has narrowed from about 21% to 18% in 2024. Over that period the gap was narrowest at 8% in 2020. In dollar terms, the gap has widened by $2,138 since 2009.
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