Tallmadge, Ohio Income Statistics
Tallmadge 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
Tallmadge Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Tallmadge | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $87,986 | $71,509 | $80,455 |
| Median Personal Income | $63,197 | $58,431 | $60,758 |
| Average Yearly Income Growth | 5.4% | 4.4% | 4.8% |
| Six-Figure Earners | 10.6% | 11.1% | 13.9% |
| $200k+ Households | 6.1% | 9.1% | 13.2% |
The median household income in Tallmadge is about 23% higher than in Ohio. Income has been growing faster in Tallmadge (5.4%/yr) than in Ohio (4.4%/yr).
About 11% of adults in Tallmadge 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 Tallmadge, Ohio grew by 53.2% from 2009 to 2024, reaching $87,986 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Tallmadge
| Metric | Tallmadge | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.502 | 0.532 | 0.552 |
| Male Median Income | $71,815 | $67,200 | $69,667 |
| Female Median Income | $58,739 | $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 Tallmadge, 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 Tallmadge, Ohio. Over a 35-year career, a 22% wage gap accumulates to roughly $457,660 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Tallmadge, Ohio has widened from about 17% to 18% in 2024. Over that period the gap was widest at 30% in 2018, and was narrowest at 17% in 2010. In dollar terms, the gap has widened by $4,078 since 2009.
Sharply against the trend: the pay gap in Tallmadge widened by 0.9 points while Ohio's narrowed by 5.7 points.
Employment
| Metric | Tallmadge | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 4.8% | 5.2% |
| Working from Home | 12.6% | 13.0% | 15.0% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 423 people are unemployed in Tallmadge, Ohio.
The average commute time in Tallmadge is 20 minutes, shorter than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Tallmadge, Ohio has fallen from 5.8% to 4.2% in 2024. Over that period the rate peaked at 7.1% in 2015 and fell as low as 2.8% in 2022.
Conclusion
Considering all these factors, Tallmadge, 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 Tallmadge, Ohio.
How Rich Is Tallmadge, Ohio?
Tallmadge 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 $87,986, about 23% higher than the Ohio average of $71,509.
How fast is household income rising in Tallmadge, Ohio?
Between 2009 and 2024, the median household income in Tallmadge, Ohio rose 53%, from $57,425 to $87,986. Over the same years, income here outpaced Ohio as a whole: +53% against +51%.
What was the median household income in Tallmadge in 2023?
In 2023, the median household income in Tallmadge, Ohio was $87,355, up 7% from $81,691 in 2022. The Ohio median that year was $69,792.
What was the median household income in Tallmadge in 2020?
In 2020, the median household income in Tallmadge, Ohio was $71,474. By 2024 it had risen 23% to $87,986.
What is the Gini coefficient in Tallmadge, Ohio?
The Gini coefficient in Tallmadge 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 Tallmadge, Ohio?
Since 2009, the income gap between men and women in Tallmadge, Ohio has widened from about 17% to 18% in 2024. Over that period the gap was widest at 30% in 2018, and was narrowest at 17% in 2010. In dollar terms, the gap has widened by $4,078 since 2009.
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