What is the median household income in Olmsted Falls, OH?
The median household income in Olmsted Falls, OH is $96,837 (±$7,687) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,241 a month would take about $49,600 a year at the common guideline of spending no more than 30% of income on rent.
In Olmsted Falls, the median household income went from $69,839 in 2015–2019 to $96,837 in 2020–2024 (+38.7%).
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
- $96,837 (±$7,687)
- Median renter income
- $48,203 (±$42,752)
- Income to afford median rent
- about $49,600
Income in Olmsted Falls against Cuyahoga County, its state and the nation
| Olmsted Falls | Cuyahoga County | Ohio | United States | |
|---|---|---|---|---|
| Median household income | $96,837 (±$7,687) | $64,468 (±$702) | $71,389 (±$321) | $80,734 |
| Median renter household income | $48,203 (±$42,752) | $40,410 (±$888) | $42,829 (±$325) | $52,966 |
| Median owner household income | $103,772 (±$10,160) | $88,703 (±$992) | $90,122 (±$343) | $100,009 |
| Median gross rent | $1,241 (±$121) | $1,060 (±$11) | $1,034 (±$5) | $1,413 |
In Olmsted Falls, 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, Olmsted Falls ranks 25 of 59 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 386 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 Olmsted Falls
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 $1,241 a month ($14,892 a year) needs an income of about $49,600 a year.
The median renting household in Olmsted Falls earns $48,203 a year, less than that.
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 | $69,839 (±$11,180) | $96,837 (±$7,687) | +38.7% | No measurable change after inflation |
| Median gross rent | $863 (±$64) | $1,241 (±$121) | +43.8% | Up after inflation |
| Median home value | $158,600 (±$6,577) | $239,300 (±$19,439) | +50.9% | 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 Olmsted Falls
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Olmsted Falls | — | $96,837 (±$7,687) | — |
| Olmsted Township | 1.6 mi | $96,447 (±$3,999) | Not measurably different |
| Berea | 2.2 mi | $74,926 (±$9,786) | Lower |
| Columbia Township (Lorain County) | 2.8 mi | $94,393 (±$14,506) | Not measurably different |
| North Olmsted | 3.5 mi | $84,363 (±$4,124) | Lower |
| Middleburg Heights | 4.7 mi | $78,815 (±$5,665) | Lower |
| Brook Park | 5.1 mi | $71,332 (±$7,585) | Lower |
| Strongsville | 5.2 mi | $103,253 (±$6,442) | Not measurably different |
| Fairview Park | 5.9 mi | $78,865 (±$4,628) | Lower |
Nearby places with a measurably lower figure: Berea, OH ($74,926), North Olmsted, OH ($84,363), Middleburg Heights, OH ($78,815).
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 |
|---|---|---|
| 19 | Strongsville | $103,253 (±$6,442) |
| 20 | Broadview Heights | $103,125 (±$7,085) |
| 21 | Chagrin Falls Township | $100,893 (±$17,418) |
| 22 | Chagrin Falls | $99,672 (±$14,554) |
| 23 | Seven Hills | $97,222 (±$4,830) |
| 24 | University Heights | $96,971 (±$19,883) |
| 25 | Olmsted Falls | $96,837 (±$7,687) |
| 26 | Brooklyn Heights | $96,786 (±$8,731) |
| 27 | Olmsted Township | $96,447 (±$3,999) |
| 28 | Rocky River | $94,026 (±$6,995) |
| 29 | Glenwillow | $93,125 (±$43,279) |
| 30 | Lyndhurst | $91,238 (±$6,487) |
| 31 | North Olmsted | $84,363 (±$4,124) |
Showing 13 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 Olmsted Falls
What is the median household income in Olmsted Falls?
The median household income in Olmsted Falls is $96,837 (±$7,687) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Olmsted Falls?
About $49,600 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,241 a month.
Have incomes in Olmsted Falls kept up with inflation?
In Olmsted Falls, the median household income went from $69,839 in 2015–2019 to $96,837 in 2020–2024 (+38.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Olmsted Falls?
The median renting household in Olmsted Falls, OH earns $48,203 (±$42,752) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Olmsted Falls city, Ohio
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Olmsted Falls city, Ohio
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Olmsted Falls city, Ohio
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Olmsted Falls city, Ohio
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Olmsted Falls city, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Olmsted Falls city, 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 Olmsted Falls city, Ohio (place:58422, 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
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- Median rent in Olmsted Falls
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- Renters and owners in Olmsted Falls
- Home values in Olmsted Falls
- Homeowner costs in Olmsted Falls
- Property taxes in Olmsted Falls
- Types of homes in Olmsted Falls
- Bedrooms in Olmsted Falls
- Age of homes in Olmsted Falls
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- Crime reported to police in Olmsted Falls
- Population growth in Olmsted Falls
- How long people stay in Olmsted Falls
- Crowding and facilities in Olmsted Falls
- Fair Market Rent in Olmsted Falls
- Ohio landlord and tenant rules
- Housing across Cuyahoga County
- Ohio places ranked by median household income
- Housing data for every place in Ohio