Richest Cities In Ohio For 2020


We analyzed 256 places in Ohio to determine where the 1% live.

Editor’s Note: Data has been updated for 2020. This is our fifth time ranking the richest cities in Ohio.

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You either have to own Skyline Chili or be a member of one of Ohio's professional sports teams to live in our top ten richest cities in Ohio for 2020.

If you're looking for safe cities and neighborhoods, amazing schools, and high-end shopping, with a bank account to match, you can stop your search. There are cities in The Buckeye State that have these 5-star amenities, and then some. Yes, this flyover state has many cities that cater to the lifestyle of the Ohio rich and famous.

How does one get their hand on one of these Ohio cities where living your best life is possible? Well, a couple of things have to fall into place for you. First off, you need to find a job that pays on average $150,000/year. Might we suggest a job in real estate in our number one richest city? The median home price in this city is currently a million dollars. Secondly, you have to be a hard worker. Unemployment rates and poverty rates in these affluent Ohio cities barely reach 3%.

Monetary wealth does make a city rich, but there are cities on our list that are both rich in the dollar as well as rich in amenities. Cities on our list like Bay Village offer any yachtie primo parking, and cities like Powell have some the fanciest golf courses this side of the Mississippi. This means that you can keep money in your wallet to live a posh Ohio lifestyle. It's not lost on us that there are multiple cities on our ten best places to live in Ohio for 2020 that are also on our richest list. Wealthy cities tend to have it all.

To narrow down the richest cities in Ohio, we looked at several factors: poverty rate, median household income, and unemployment rate. The cities also had to have a population of at least 5,000.

This left us with 255 cities in the 34th largest state and the seventh most populous state in the country.

Without further adieu, the wealthiest city in Ohio for 2020 is Independence.

So, if you care about living where there are great jobs and wealthy people, take a look the list below. The 'Heart of it All' is calling.

Rich people not your cup of tea? Feel free to check out some more reading about Ohio:

The 10 Richest Cities In Ohio For 2020

Independence, OH

Source: Public domain
Overall SnackAbility

6
/10

Population: 7,156
Rank Last Year: 14 (Up 13)
Median Income: $100,278
Unemployment Rate: 1.9%
Poverty Rate: 1.5%
More on Independence: Real Estate | Data | Photos

Madeira, OH

Overall SnackAbility

7
/10

Population: 9,091
Rank Last Year: 4 (Up 2)
Median Income: $112,513
Unemployment Rate: 2.6%
Poverty Rate: 1.8%
More on Madeira: Real Estate | Data | Photos

Madeira is a city in Hamilton County, Ohio, United States. The population was 8,726 at the 2010 census. Madeira has a Council-Manager form of government, where the elected City Council appoints a paid City Manager to run the day-to-day operations of the city. Madeira is served by its own police department, while fire service is provided by the Madeira-Indian Hill Joint Fire District. Madeira is largely a residential community, with a small downtown and some light industry. Educational needs are served by the nationally ranked Madeira City Schools. Madeira is a suburb of Cincinnati. In 2007, BusinessWeek ranked it as one of the "Best Places to Raise Kids--For Less." Madeira, known for its beautiful parks, has a plethora of sports programs.

Mason, OH

Source: Public domain
Overall SnackAbility

10
/10

Population: 32,749
Rank Last Year: 8 (Up 5)
Median Income: $96,511
Unemployment Rate: 2.0%
Poverty Rate: 2.4%
More on Mason: Real Estate | Data | Photos

Mason is a city in southwestern Warren County, Ohio, United States, approximately 22 miles from downtown Cincinnati. As of the 2010 census, Mason's population was 30,712.

Waterville, OH

Source: Public domain
Overall SnackAbility

5
/10

Population: 5,484
Rank Last Year: 10 (Up 6)
Median Income: $90,523
Unemployment Rate: 1.0%
Poverty Rate: 2.0%
More on Waterville: Real Estate | Data | Photos

Waterville is a city in Lucas County, Ohio, United States, along the Maumee River, a suburb of Toledo. The population was 5,523 at the 2010 census.

Wyoming, OH

Overall SnackAbility

7.5
/10

Population: 8,535
Rank Last Year: 19 (Up 14)
Median Income: $121,071
Unemployment Rate: 2.7%
Poverty Rate: 1.7%
More on Wyoming: Real Estate | Data | Photos

Wyoming is a city in Hamilton County, Ohio, United States. The population was 8,428 at the 2010 census.

Macedonia, OH

Overall SnackAbility

9
/10

Population: 11,808
Rank Last Year: 12 (Up 6)
Median Income: $92,217
Unemployment Rate: 2.3%
Poverty Rate: 1.3%
More on Macedonia: Real Estate | Data | Photos

Macedonia is a city in Summit County, Ohio, United States. The population was 11,188 at the 2010 census. Macedonia is part of the Akron Metropolitan Statistical Area.

Montgomery, OH

Overall SnackAbility

7.5
/10

Population: 10,663
Rank Last Year: 7 (No Change)
Median Income: $123,214
Unemployment Rate: 2.6%
Poverty Rate: 2.8%
More on Montgomery: Real Estate | Data | Photos

Montgomery is a city in Hamilton County, Ohio, United States, settled in 1796. The town was a coach stop on the Cincinnati-Zanesville Road, later known as the Montgomery Pike, with an inn, two taverns, a grist mill and a carding mill to process its agricultural products. It would remain a rather sleepy hamlet until the 1960s when it became an affluent bedroom community for people working in Cincinnati. It retains its historic downtown with many other 19th-century houses scattered throughout the community. It is currently accessed from exit 15 off Interstate 71 and exit 50 off Interstate 275, and it is the eastern terminus of the Ronald Reagan Cross County Highway about five miles northeast of the Cincinnati city line. The population was 10,251 at the 2010 census.

Bay Village, OH

Overall SnackAbility

7
/10

Population: 15,391
Rank Last Year: 5 (Down 3)
Median Income: $102,917
Unemployment Rate: 2.4%
Poverty Rate: 2.8%
More on Bay Village: Real Estate | Data | Photos

Bay Village is a city located west of Cleveland Ohio in Cuyahoga County, Ohio, United States. The population was 15,651 at the 2010 census. Bay Village is located in Ohio's 9th congressional district.

Granville, OH

Overall SnackAbility

10
/10

Population: 5,766
Rank Last Year: 6 (Down 3)
Median Income: $104,698
Unemployment Rate: 2.4%
Poverty Rate: 3.0%
More on Granville: Real Estate | Data | Photos

Granville is a village in Licking County, Ohio, United States. The population was 5,646 at the 2010 census. The village is located in a rural area of rolling hills in central Ohio. It is 35 miles east of Columbus, the state capital, and 7 miles west of Newark, the county seat.

Worthington, OH

Source: Public domain
Overall SnackAbility

7.5
/10

Population: 14,705
Rank Last Year: 18 (Up 8)
Median Income: $102,731
Unemployment Rate: 2.2%
Poverty Rate: 3.4%
More on Worthington: Real Estate | Data | Photos

Worthington is an affluent city in Franklin County, Ohio, United States, and is a northern suburb of the larger Columbus. The population was 13,575 at the 2010 census. The city was founded in 1803 by the Scioto Company led by James Kilbourne, who was later elected to the United States House of Representatives, and named in honor of Thomas Worthington, who later became governor of Ohio.

How We Determined The Richest Places In Ohio For 2020

Map Of The Richest Places To Live In Ohio
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.

However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2014-2018 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 255 places with more than 5,000 people in Ohio, we ranked each place from 1 to 255 for each of the criteria, with 1 being the richest.

We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, Independence, crowned the "Richest City In Ohio For 2020". You can download the data here.

You can learn more about the top ten below or skip to the end to see the rankings for all 255 places.

There You Have It - The Wealthiest Places In Ohio For 2020

Like we said earlier, when we set out to identify the richest places in Ohio, we weren't sure what we'd encounter, but it ended up being some of the best places to live in Ohio.

When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.

If you're curious enough, here are the poorest cities in Ohio, according to data:

Poorest: East Cleveland
2nd Poorest: Youngstown
3rd Poorest: Cleveland

For more Ohio reading, check out:

Detailed List Of The Richest Cities In Ohio

Rank City RichScore Median Income
1 Independence 10.67 $100,278
2 Madeira 12.67 $112,513
3 Mason 13.0 $96,511
4 Waterville 13.67 $90,523
5 Wyoming 14.0 $121,071
6 Macedonia 15.33 $92,217
7 Montgomery 15.67 $123,214
8 Bay Village 17.0 $102,917
9 Granville 18.0 $104,698
10 Worthington 18.33 $102,731
11 Grandview Heights 18.67 $95,033
12 Dublin 19.0 $135,514
13 Upper Arlington 20.0 $115,093
14 Pepper Pike 20.67 $193,889
15 Broadview Heights 22.33 $88,404
16 Solon 22.67 $104,625
17 The Village Of Indian Hill 24.0 $210,663
18 Powell 28.0 $149,119
19 Oakwood 28.0 $102,159
20 Beachwood 28.0 $89,706
21 Hudson 30.0 $128,638
22 Bellbrook 30.0 $83,826
23 New Albany 30.67 $203,194
24 Kirtland 31.0 $88,537
25 Perrysburg 31.0 $91,281
26 Avon Lake 32.0 $87,525
27 Avon 32.67 $104,125
28 Aurora 34.33 $94,141
29 Monroe 37.0 $83,275
30 Hilliard 37.67 $95,831
31 Canal Winchester 38.67 $90,172
32 Beavercreek 39.67 $90,953
33 Canfield 40.33 $74,500
34 Springboro 40.33 $105,458
35 Blue Ash 41.33 $83,079
36 Tipp City 43.67 $67,382
37 Gahanna 44.67 $84,429
38 Groveport 45.0 $66,125
39 Centerville 46.0 $71,221
40 Stow 47.0 $72,782
41 Ontario 47.0 $58,264
42 Pickerington 48.0 $92,783
43 Fairlawn 48.33 $71,119
44 Rocky River 50.0 $70,341
45 Twinsburg 50.0 $77,021
46 Rossford 52.0 $61,310
47 Grove City 54.67 $69,479
48 North Royalton 55.33 $70,429
49 Westlake 55.33 $83,434
50 Marysville 55.67 $70,793
51 Sunbury 56.0 $75,433
52 Highland Heights 57.67 $106,739
53 Mentor 61.33 $69,069
54 Maumee 61.67 $70,288
55 Brunswick 62.67 $68,664
56 Lyndhurst 62.67 $75,236
57 Westerville 63.0 $90,443
58 Olmsted Falls 63.33 $65,982
59 Chardon 64.0 $67,944
60 North Ridgeville 64.33 $74,309
61 Strongsville 65.0 $87,264
62 Bexley 66.33 $108,750
63 Wadsworth 66.33 $69,329
64 New Franklin 69.0 $70,265
65 Sharonville 70.33 $62,908
66 Lebanon 70.67 $66,754
67 Brecksville 70.67 $105,566
68 North Canton 70.67 $59,389
69 Loveland 73.33 $69,691
70 Medina 74.0 $63,888
71 Delaware 75.67 $66,035
72 Seven Hills 75.67 $79,735
73 Sylvania 76.0 $71,563
74 Middleburg Heights 76.67 $61,709
75 Deer Park 77.33 $64,531
76 Sheffield Lake 78.33 $63,902
77 Green 80.0 $74,167
78 Willoughby Hills 80.67 $64,650
79 Pataskala 80.67 $72,908
80 Union 81.67 $71,180
81 Lexington 81.67 $57,371
82 Clayton 82.0 $74,795
83 Fairfield 82.67 $61,042
84 John 83.67 $49,621
85 Trenton 83.67 $73,297
86 Willoughby 87.33 $58,214
87 Vandalia 88.0 $54,379
88 Bellevue 88.0 $54,210
89 Norton 88.67 $66,748
90 Columbiana 89.0 $51,074
91 Harrison 89.33 $60,688
92 University Heights 91.67 $72,951
93 Tallmadge 91.67 $69,823
94 North Olmsted 93.0 $63,701
95 Munroe Falls 94.67 $66,687
96 Brookville 97.0 $50,000
97 Northwood 98.33 $63,816
98 Reynoldsburg 100.0 $66,037
99 Shaker Heights 100.0 $83,420
100 Willowick 101.0 $60,801

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

4 thoughts on “Richest Cities In Ohio For 2020

  1. This list is very flawed. Indian Hill, OH in Cincinnati has a median income of $250,000 and a few Cities in Celeveland come close to 250 as well. I would recommend re-doing this list and including the ACTUAL richest places in Ohio.

  2. According to the U.S. government the median income for the village of Ottawa Hills Oh is $158,000. According to your list the number 2 is 98,000.00? I think you need to look at your data.

  3. Somebody needs to look at the criteria for this list the city has to have a population of at least 5000. Ottawa Hills does not have a population of 5000.

  4. This list needs help – there should be a more realistic set of criteria(s) being used in these rankings. We are looking for exclusivity. Pepper Pike, Hunting Valley, New Albany, etc.

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