Westlake, Ohio Income Statistics
Westlake 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.
-
A
Westlake Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Westlake | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $111,096 | $71,509 | $80,455 |
| Median Personal Income | $89,305 | $58,431 | $60,758 |
| Average Yearly Income Growth | 4.0% | 4.4% | 4.8% |
| Six-Figure Earners | 25.2% | 11.1% | 13.9% |
| $200k+ Households | 24.5% | 9.1% | 13.2% |
The median household income in Westlake is about 55% higher than in Ohio. Income has been growing slower in Westlake (4.0%/yr) than in Ohio (4.4%/yr).
About 25% of adults in Westlake 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 Westlake, Ohio grew by 61.4% from 2009 to 2024, reaching $111,096 in 2024. That's an average of about 4.0% per year.
Income Inequality and the Gender Pay Gap in Westlake
| Metric | Westlake | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.515 | 0.532 | 0.552 |
| Male Median Income | $103,595 | $67,200 | $69,667 |
| Female Median Income | $84,495 | $54,076 | $56,850 |
| Gender Pay Gap | 18.4% | 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 Westlake, it is 0.515, 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 23% more than women's income in Westlake, Ohio. Over a 35-year career, a 23% wage gap accumulates to roughly $668,500 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Westlake, Ohio has narrowed from about 29% to 18% in 2024. Over that period the gap was widest at 32% in 2016. In dollar terms, the gap has narrowed by $147 since 2009.
Employment
| Metric | Westlake | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 4.8% | 5.2% |
| Working from Home | 21.4% | 13.0% | 15.0% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 588 people are unemployed in Westlake, Ohio.
The average commute time in Westlake is 22 minutes, longer than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Westlake, Ohio has fallen from 5.2% to 3.5% in 2024. Over that period the rate peaked at 5.6% in 2012 and fell as low as 3.3% in 2023.
Westlake, OH Wealth Compared With Nearby Cities
Westlake, OH is the largest of the 4 cities compared here, 34,104 residents against a local median of 25,317. Where Westlake, OH breaks from the cities next to it is unemployment, sitting 32% above the local median of 2.6% at 3.5%. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $111,096 against a local median of $93,104, 19% above it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while unemployment runs behind it, so Westlake, OH is trading one against the other rather than simply out-performing what surrounds it. The cities themselves spread 1.2% on unemployment, so Westlake, OH sits at one end of an already wide local range rather than apart from it. Westlake, OH has the 4th 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. |
|---|---|---|---|---|---|
| Westlake, OH | 34,104 | $111,096 #2/4 | 4.0%/yr #3/4 | 3.5% #4/4 | 0.515 #4/4 |
| North Olmsted, OH | 31,891 | $84,003 | 4.1%/yr | 3.0% | 0.502 |
| Rocky River, OH | 21,449 | $93,104 | 3.9%/yr | 2.6% | 0.505 |
| Avon, OH | 25,317 | $132,182 | 4.5%/yr | 1.8% | 0.492 |
Conclusion
Considering all these factors, Westlake, Ohio has an overall wealth index grade of A, making it notably better than Ohio, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Westlake, Ohio.
How Rich Is Westlake, Ohio?
Westlake has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $111,096, about 55% higher than the Ohio average of $71,509.
How has median household income changed in Westlake, Ohio?
Between 2009 and 2024, the median household income in Westlake, Ohio rose 61%, from $68,825 to $111,096. Over the same years, income here outpaced Ohio as a whole: +61% against +51%.
What was the median household income in Westlake in 2023?
In 2023, the median household income in Westlake, Ohio was $109,414, up 6% from $103,411 in 2022. The Ohio median that year was $69,792.
What was the median household income in Westlake in 2020?
In 2020, the median household income in Westlake, Ohio was $91,798. By 2024 it had risen 21% to $111,096.
Is Westlake, Ohio a high-income area?
Yes. 25% of adults in Westlake, Ohio earn $100,000 or more a year (about 1 in 4), against 11% (about 1 in 9) in Ohio. 25% of households have a combined income of $200,000 or more, compared with 9% in Ohio.
Is it hard to find a job in Westlake, Ohio?
Unemployment in Westlake, Ohio is only 3.5%, 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 Westlake, Ohio?
The Gini coefficient in Westlake is 0.515. 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 Westlake, Ohio?
Since 2009, the income gap between men and women in Westlake, Ohio has narrowed from about 29% to 18% in 2024. Over that period the gap was widest at 32% in 2016. In dollar terms, the gap has narrowed by $147 since 2009.
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