Living in Gates Mills, Ohio
Cost of living, income, home prices, rent and demographics of Gates Mills · Census data 2020–2024
Gates Mills has 2,207 residents with a median age of 54. The median household income is $231,250 (224% higher than the Ohio median), the median home value is $743,400, the median rent is $3,111/month.
Gates Mills at a glance
- Population
- 2,207
- Median age
- 54State: 39.7
- Median household income
- $231,250State: $71,389
- Median home value
- $743,400State: $214,800
- Median rent
- $3,111/moState: $1,034
- Homeowners
- 96.7%
- Bachelor's degree or higher
- 76.8%
- Average commute
- 20 min
Is Gates Mills a good place to live?
Pros: Median household income 224% higher than the Ohio median; an average commute of 20 minutes; unemployment of 3.1%; a poverty rate of 6.1%.
Cons: Home values 246% higher than the state median.
The weather is best in June to September.
Cost of living in Gates Mills
Housing is the biggest part of the cost of living. In Gates Mills the median home value is $743,400, 123% higher than the U.S. median. Renters pay a median of $3,111 per month, which is 21.1% of household income. Homeowners with a mortgage pay $3,904 a month in housing costs.
Gates Mills median household income
The median household income in Gates Mills is $231,250 and the income per person is $145,553. 6.1% of residents live below the poverty line (Ohio: 13.3%).
Housing in Gates Mills: homes for sale and rent
- Housing units
- 886
- Owner-occupied
- 96.7%
- Renter-occupied
- 3.3%
- Vacant
- 4.3%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.57
Gates Mills demographics
- Population
- 2,207
- Median age
- 54
- Under 18
- 19.9%
- 65 and older
- 35%
- Households
- 848
- Foreign-born
- 14.7%
- Veterans
- 2.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Gates Mills ›
Education in Gates Mills
76.8% of adults 25 and older in Gates Mills have a bachelor's degree or higher (Ohio: 31.5%), and 43% have a graduate or professional degree.
Jobs and commute in Gates Mills
- Unemployment rate
- 3.1%State: 4.8%
- Average commute
- 20 minState: 23 min
- Work from home
- 16.7%
- Drive alone
- 78.3%
- Public transit
- 0%
- Walk to work
- 0.1%
- Homes with broadband
- 99.3%
Gates Mills vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Gates Mills | 2,207 | $231,250 | $743,400 | $3,111 |
| Mayfield | 3,321 | $125,962 | $311,900 | $1,687 |
| Mayfield Heights | 20,022 | $66,524 | $205,200 | $1,128 |
| Chesterland | 7,086 | $107,898 | $297,800 | $839 |
| Hunting Valley | 839 | $187,200 | $1,511,400 | $1,650 |
| Highland Heights | 8,623 | $122,863 | $371,400 | $1,836 |
| Willoughby Hills | 9,975 | $67,214 | $328,600 | $1,116 |
| Pepper Pike | 6,840 | $227,813 | $579,600 | $3,501 |
| Lyndhurst | 13,801 | $91,238 | $212,200 | $1,244 |
More for people moving to Gates Mills
Gates Mills ZIP code ›Weather and climate ›Living in Gates Mills: FAQ
What is the median household income in Gates Mills, OH?
The median household income in Gates Mills is $231,250, 224% higher than the Ohio median of $71,389 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Gates Mills?
The median home value in Gates Mills is $743,400, compared with $214,800 in Ohio.
How much is rent in Gates Mills?
The median gross rent in Gates Mills is $3,111 per month, about 21.1% of household income.
Is Gates Mills, OH a good place to live?
Pluses: median household income 224% higher than the Ohio median; an average commute of 20 minutes; unemployment of 3.1%; a poverty rate of 6.1%. Minuses: home values 246% higher than the state median.
What is the median age in Gates Mills?
The median age in Gates Mills is 54 years (Ohio: 39.7).
How long is the commute in Gates Mills?
The average commute to work in Gates Mills is 20 minutes; 16.7% of workers work from home.
What is the unemployment rate in Gates Mills?
The unemployment rate in Gates Mills is 3.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Gates Mills?
76.8% of adults in Gates Mills have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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