Willoughby, Ohio Income Statistics
Willoughby 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
Willoughby Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Willoughby | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,686 | $71,509 | $80,455 |
| Median Personal Income | $59,231 | $58,431 | $60,758 |
| Average Yearly Income Growth | 3.6% | 4.4% | 4.8% |
| Six-Figure Earners | 11.4% | 11.1% | 13.9% |
| $200k+ Households | 7.4% | 9.1% | 13.2% |
The median household income in Willoughby is about the same as in Ohio. Income has been growing slower in Willoughby (3.6%/yr) than in Ohio (4.4%/yr).
About 11% of adults in Willoughby earn six figures ($100,000 or more) a year, about the same as the Ohio average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Willoughby, Ohio grew by 44.3% from 2009 to 2024, reaching $71,686 in 2024. That's an average of about 3.6% per year.
Income Inequality and the Gender Pay Gap in Willoughby
| Metric | Willoughby | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.488 | 0.532 | 0.552 |
| Male Median Income | $71,074 | $67,200 | $69,667 |
| Female Median Income | $58,043 | $54,076 | $56,850 |
| Gender Pay Gap | 18.3% | 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 Willoughby, it is 0.488, 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 Willoughby, Ohio. Over a 35-year career, a 22% wage gap accumulates to roughly $456,085 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Willoughby, Ohio has widened from about 17% to 18% in 2024. Over that period the gap was widest at 25% in 2017, and was narrowest at 10% in 2010. In dollar terms, the gap has widened by $5,505 since 2009.
Sharply against the trend: the pay gap in Willoughby widened by 1.7 points while Ohio's narrowed by 5.7 points.
Employment
| Metric | Willoughby | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 4.8% | 5.2% |
| Working from Home | 18.4% | 13.0% | 15.0% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 532 people are unemployed in Willoughby, Ohio.
The average commute time in Willoughby is 20 minutes, shorter than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Willoughby, Ohio has fallen from 6.4% to 4.1% in 2024. Over that period the rate peaked at 6.9% in 2012 and fell as low as 2.7% in 2019.
Conclusion
Considering all these factors, Willoughby, 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 Willoughby, Ohio.
How Rich Is Willoughby, Ohio?
Willoughby 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 $71,686, close to the Ohio average of $71,509.
Are incomes growing in Willoughby, Ohio?
Between 2009 and 2024, the median household income in Willoughby, Ohio rose 44%, from $49,663 to $71,686. Over the same years, income here lagged behind Ohio as a whole: +44% against +51%.
What was the median household income in Willoughby in 2023?
In 2023, the median household income in Willoughby, Ohio was $70,578, up 1% from $70,049 in 2022. The Ohio median that year was $69,792.
What was the median household income in Willoughby in 2020?
In 2020, the median household income in Willoughby, Ohio was $60,365. By 2024 it had risen 19% to $71,686.
What is the Gini coefficient in Willoughby, Ohio?
The Gini coefficient in Willoughby is 0.488. 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 Willoughby, Ohio?
Since 2009, the income gap between men and women in Willoughby, Ohio has widened from about 17% to 18% in 2024. Over that period the gap was widest at 25% in 2017, and was narrowest at 10% in 2010. In dollar terms, the gap has widened by $5,505 since 2009.
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