What is the median household income in Gates Mills, OH?
The median household income in Gates Mills, OH is $231,250 (±$63,811) a year (2020–2024 American Community Survey).
Paying the median gross rent of $3,111 a month would take about $124,400 a year at the common guideline of spending no more than 30% of income on rent.
In Gates Mills, the median household income went from $165,167 in 2015–2019 to $231,250 in 2020–2024 (+40.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $231,250 (±$63,811)
- Income to afford median rent
- about $124,400
Income in Gates Mills against Cuyahoga County, its state and the nation
| Gates Mills | Cuyahoga County | Ohio | United States | |
|---|---|---|---|---|
| Median household income | $231,250 (±$63,811) | $64,468 (±$702) | $71,389 (±$321) | $80,734 |
| Median renter household income | — | $40,410 (±$888) | $42,829 (±$325) | $52,966 |
| Median owner household income | $232,083 (±$59,521) | $88,703 (±$992) | $90,122 (±$343) | $100,009 |
| Median gross rent | $3,111 (±$1,803) | $1,060 (±$11) | $1,034 (±$5) | $1,413 |
In Gates Mills, median household income is higher than in Cuyahoga County ($64,468).
It is also higher than in Ohio ($71,389).
It is higher than the national figure ($80,734).
In Cuyahoga County, Gates Mills ranks 1 of 59 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 6 of 2,325.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Gates Mills
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $3,111 a month ($37,332 a year) needs an income of about $124,400 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $165,167 (±$12,352) | $231,250 (±$63,811) | +40.0% | No measurable change after inflation |
| Median gross rent | $1,571 (±$812) | $3,111 (±$1,803) | +98.0% | No measurable change after inflation |
| Median home value | $505,100 (±$57,419) | $743,400 (±$99,167) | +47.2% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Gates Mills
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Gates Mills | — | $231,250 (±$63,811) | — |
| Mayfield | 1.6 mi | $125,962 (±$30,000) | Lower |
| Mayfield Heights | 2.4 mi | $66,524 (±$8,961) | Lower |
| Chesterland | 2.8 mi | $107,898 (±$17,087) | Lower |
| Hunting Valley | 3.2 mi | $187,200 (±$91,884) | Not measurably different |
| Highland Heights | 3.3 mi | $122,863 (±$17,319) | Lower |
| Chester Township (Geauga County) | 3.6 mi | $111,159 (±$11,247) | Lower |
| Willoughby Hills | 3.8 mi | $67,214 (±$8,361) | Lower |
| Pepper Pike | 4.4 mi | $227,813 (±$44,982) | Not measurably different |
Nearby places with a measurably lower figure: Mayfield, OH ($125,962), Mayfield Heights, OH ($66,524), Chesterland, OH ($107,898).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Cuyahoga County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Gates Mills | $231,250 (±$63,811) |
| 2 | Pepper Pike | $227,813 (±$44,982) |
| 3 | Bentleyville | $226,250 (±$48,607) |
| 4 | Hunting Valley | $187,200 (±$91,884) |
| 5 | Moreland Hills | $185,592 (±$46,270) |
| 6 | Orange | $170,063 (±$43,362) |
| 7 | Solon | $139,089 (±$8,074) |
Showing 7 of 59 places in Cuyahoga County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Gates Mills
What is the median household income in Gates Mills?
The median household income in Gates Mills is $231,250 (±$63,811) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Gates Mills?
About $124,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $3,111 a month.
Have incomes in Gates Mills kept up with inflation?
In Gates Mills, the median household income went from $165,167 in 2015–2019 to $231,250 in 2020–2024 (+40.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Gates Mills village, Ohio
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Gates Mills village, Ohio
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Gates Mills village, Ohio
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Gates Mills village, Ohio
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Gates Mills village, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Gates Mills village, Ohio
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Gates Mills village, Ohio (place:29498, in state:39).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Gates Mills at a glance
- Home values in Gates Mills
- Homeowner costs in Gates Mills
- Property taxes in Gates Mills
- Types of homes in Gates Mills
- Age of homes in Gates Mills
- Heating fuel in Gates Mills
- Commute and cars in Gates Mills
- Population growth in Gates Mills
- Fair Market Rent in Gates Mills
- Ohio landlord and tenant rules
- Housing across Cuyahoga County
- Ohio places ranked by median household income
- Housing data for every place in Ohio