Stow, Ohio Income Statistics
Stow 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.
-
B
Stow Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Stow | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $92,312 | $71,509 | $80,455 |
| Median Personal Income | $64,764 | $58,431 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.4% | 4.8% |
| Six-Figure Earners | 14.9% | 11.1% | 13.9% |
| $200k+ Households | 10.5% | 9.1% | 13.2% |
The median household income in Stow is about 29% higher than in Ohio. Income has been growing slower in Stow (4.2%/yr) than in Ohio (4.4%/yr).
About 15% of adults in Stow 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 Stow, Ohio grew by 39.3% from 2009 to 2024, reaching $92,312 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Stow
| Metric | Stow | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.503 | 0.532 | 0.552 |
| Male Median Income | $78,509 | $67,200 | $69,667 |
| Female Median Income | $55,864 | $54,076 | $56,850 |
| Gender Pay Gap | 28.8% | 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 Stow, it is 0.503, 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 41% more than women's income in Stow, Ohio. Over a 35-year career, a 41% wage gap accumulates to roughly $792,575 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Stow, Ohio has widened from about 23% to 29% in 2024. Over that period the gap was narrowest at 19% in 2019. In dollar terms, the gap has widened by $10,556 since 2009.
Sharply against the trend: the pay gap in Stow widened by 6.3 points while Ohio's narrowed by 5.7 points.
Employment
| Metric | Stow | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 4.8% | 5.2% |
| Working from Home | 17.3% | 13.0% | 15.0% |
| Commute time (minutes) | 21 | 21 | 22 |
Approximately 731 people are unemployed in Stow, Ohio.
The average commute time in Stow is 21 minutes, about the same as in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Stow, Ohio has fallen from 5.9% to 3.9% in 2024. Over that period the rate peaked at 6.9% in 2013 and fell as low as 2.9% in 2019.
Stow, OH Wealth Compared With Nearby Cities
Stow, OH is the largest of the 4 cities compared here, 34,221 residents against a local median of 23,060. Stow, OH sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these cities turns on things this data does not capture.
The largest of those small differences is unemployment, 7% below the local median at 3.9% against 4.2%. Stow, OH has the 2nd lowest unemployment of the 4 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Stow, OH | 34,221 | $92,312 #2/4 | 4.2%/yr #3/4 | 3.9% #2/4 | 0.503 #2/4 |
| Hudson, OH | 23,060 | $174,198 | 4.3%/yr | 1.3% | 0.511 |
| Tallmadge, OH | 20,010 | $87,986 | 5.4%/yr | 4.2% | 0.502 |
| Kent, OH | 25,364 | $42,621 | 2.1%/yr | 10.1% | 0.615 |
Conclusion
Considering all these factors, Stow, 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 Stow, Ohio.
How Rich Is Stow, Ohio?
Stow 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 $92,312, about 29% higher than the Ohio average of $71,509.
Are incomes growing in Stow, Ohio?
Between 2009 and 2024, the median household income in Stow, Ohio rose 39%, from $66,272 to $92,312. Over the same years, income here lagged behind Ohio as a whole: +39% against +51%.
What was the median household income in Stow in 2023?
In 2023, the median household income in Stow, Ohio was $90,712, up 3% from $88,076 in 2022. The Ohio median that year was $69,792.
What was the median household income in Stow in 2020?
In 2020, the median household income in Stow, Ohio was $76,902. By 2024 it had risen 20% to $92,312.
Is Stow, Ohio a high-income area?
Yes. 15% of adults in Stow, Ohio earn $100,000 or more a year (about 1 in 7), against 11% (about 1 in 9) in Ohio. 10% of households have a combined income of $200,000 or more, compared with 9% in Ohio.
What is the Gini coefficient in Stow, Ohio?
The Gini coefficient in Stow is 0.503. 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 Stow, Ohio?
Since 2009, the income gap between men and women in Stow, Ohio has widened from about 23% to 29% in 2024. Over that period the gap was narrowest at 19% in 2019. In dollar terms, the gap has widened by $10,556 since 2009.
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