Painesville, Ohio Income Statistics
Painesville 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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D
Painesville Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Painesville | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $51,820 | $71,509 | $80,455 |
| Median Personal Income | $46,382 | $58,431 | $60,758 |
| Average Yearly Income Growth | 2.9% | 4.4% | 4.8% |
| Six-Figure Earners | 7.9% | 11.1% | 13.9% |
| $200k+ Households | 5.3% | 9.1% | 13.2% |
The median household income in Painesville is about 28% lower than in Ohio. Income has been growing slower in Painesville (2.9%/yr) than in Ohio (4.4%/yr).
About 8% of adults in Painesville 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 Painesville, Ohio grew by 49.3% from 2009 to 2024, reaching $51,820 in 2024. That's an average of about 2.9% per year.
Income Inequality and the Gender Pay Gap in Painesville
| Metric | Painesville | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.552 | 0.532 | 0.552 |
| Male Median Income | $56,587 | $67,200 | $69,667 |
| Female Median Income | $43,707 | $54,076 | $56,850 |
| Gender Pay Gap | 22.8% | 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 Painesville, it is 0.552, higher than Ohio's 0.532, so income is less evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 29% more than women's income in Painesville, Ohio. Over a 35-year career, a 29% wage gap accumulates to roughly $450,800 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Painesville, Ohio has widened from about 9% to 23% in 2024. Over that period the gap was narrowest at 4% in 2011. In dollar terms, the gap has widened by $9,838 since 2009.
Sharply against the trend: the pay gap in Painesville widened by 13.9 points while Ohio's narrowed by 5.7 points.
Employment
| Metric | Painesville | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.5% | 4.8% | 5.2% |
| Working from Home | 8.3% | 13.0% | 15.0% |
| Commute time (minutes) | 18 | 21 | 22 |
Approximately 670 people are unemployed in Painesville, Ohio.
The average commute time in Painesville is 18 minutes, shorter than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Painesville, Ohio has fallen from 11.0% to 6.5% in 2024. Over that period the rate peaked at 11.1% in 2013 and fell as low as 4.8% in 2022.
Painesville, OH Wealth Compared With Nearby Cities
How Painesville, 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. |
|---|---|---|---|---|---|
| Painesville, OH | 20,571 | $51,820 #2/2 | 2.9%/yr #2/2 | 6.5% #2/2 | 0.552 #2/2 |
| Mentor, OH | 47,171 | $90,405 | 3.2%/yr | 2.9% | 0.488 |
Conclusion
Considering all these factors, Painesville, 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 Painesville, Ohio.
How Rich Is Painesville, Ohio?
Painesville 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 $51,820, about 28% lower than the Ohio average of $71,509.
Are incomes growing in Painesville, Ohio?
Between 2009 and 2024, the median household income in Painesville, Ohio rose 49%, from $34,714 to $51,820. Over the same years, income here lagged behind Ohio as a whole: +49% against +51%.
What was the median household income in Painesville in 2023?
In 2023, the median household income in Painesville, Ohio was $50,624, down 2% from $51,704 in 2022. The Ohio median that year was $69,792.
What was the median household income in Painesville in 2020?
In 2020, the median household income in Painesville, Ohio was $47,130. By 2024 it had risen 10% to $51,820.
Is it hard to find a job in Painesville, Ohio?
Unemployment in Painesville, Ohio is 6.5%, well above the Ohio rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Painesville, Ohio?
The Gini coefficient in Painesville is 0.552. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Painesville, Ohio?
Since 2009, the income gap between men and women in Painesville, Ohio has widened from about 9% to 23% in 2024. Over that period the gap was narrowest at 4% in 2011. In dollar terms, the gap has widened by $9,838 since 2009.
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