Parma Heights, Ohio Income Statistics
Parma Heights 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.
-
C
Parma Heights Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Parma Heights | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,997 | $71,509 | $80,455 |
| Median Personal Income | $53,475 | $58,431 | $60,758 |
| Average Yearly Income Growth | 4.0% | 4.4% | 4.8% |
| Six-Figure Earners | 7.3% | 11.1% | 13.9% |
| $200k+ Households | 5.0% | 9.1% | 13.2% |
The median household income in Parma Heights is about 15% lower than in Ohio. Income has been growing slower in Parma Heights (4.0%/yr) than in Ohio (4.4%/yr).
About 7% of adults in Parma Heights 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 Parma Heights, Ohio grew by 43.9% from 2009 to 2024, reaching $60,997 in 2024. That's an average of about 4.0% per year.
Income Inequality and the Gender Pay Gap in Parma Heights
| Metric | Parma Heights | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.496 | 0.532 | 0.552 |
| Male Median Income | $58,549 | $67,200 | $69,667 |
| Female Median Income | $53,910 | $54,076 | $56,850 |
| Gender Pay Gap | 7.9% | 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 Parma Heights, 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 9% more than women's income in Parma Heights, Ohio. Over a 35-year career, a 9% wage gap accumulates to roughly $162,365 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Parma Heights, Ohio has narrowed from about 15% to 8% in 2024. Over that period the gap was widest at 20% in 2011, and was narrowest at 2% in 2023. In dollar terms, the gap has narrowed by $1,779 since 2009.
Employment
| Metric | Parma Heights | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 4.8% | 5.2% |
| Working from Home | 14.3% | 13.0% | 15.0% |
| Commute time (minutes) | 23 | 21 | 22 |
Approximately 466 people are unemployed in Parma Heights, Ohio.
The average commute time in Parma Heights is 23 minutes, longer than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Parma Heights, Ohio has fallen from 8.0% to 4.1% in 2024. Over that period the rate fell as low as 3.8% in 2022.
Parma Heights, OH Wealth Compared With Nearby Cities
How Parma Heights, 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. |
|---|---|---|---|---|---|
| Parma Heights, OH | 20,580 | $60,997 #2/2 | 4.0%/yr #1/2 | 4.1% #1/2 | 0.496 #2/2 |
| Parma, OH | 79,821 | $69,397 | 3.8%/yr | 6.4% | 0.491 |
Conclusion
Considering all these factors, Parma Heights, Ohio has an overall wealth index grade of C, making it about on par with Ohio, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Parma Heights, Ohio.
How Rich Is Parma Heights, Ohio?
Parma Heights has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $60,997, about 15% lower than the Ohio average of $71,509.
How fast is household income rising in Parma Heights, Ohio?
Between 2009 and 2024, the median household income in Parma Heights, Ohio rose 44%, from $42,390 to $60,997. Over the same years, income here lagged behind Ohio as a whole: +44% against +51%.
What was the median household income in Parma Heights in 2023?
In 2023, the median household income in Parma Heights, Ohio was $59,083, up 3% from $57,581 in 2022. The Ohio median that year was $69,792.
What was the median household income in Parma Heights in 2020?
In 2020, the median household income in Parma Heights, Ohio was $51,158. By 2024 it had risen 19% to $60,997.
What is the Gini coefficient in Parma Heights, Ohio?
The Gini coefficient in Parma Heights 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 Parma Heights, Ohio?
Since 2009, the income gap between men and women in Parma Heights, Ohio has narrowed from about 15% to 8% in 2024. Over that period the gap was widest at 20% in 2011, and was narrowest at 2% in 2023. In dollar terms, the gap has narrowed by $1,779 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 →