Living in Olmsted Falls, Ohio
Cost of living, income, home prices, rent and demographics of Olmsted Falls · Census data 2020–2024
Olmsted Falls has 8,639 residents with a median age of 45.6. The median household income is $96,837 (36% higher than the Ohio median), the median home value is $239,300, the median rent is $1,241/month.
Olmsted Falls at a glance
- Population
- 8,639
- Median age
- 45.6State: 39.7
- Median household income
- $96,837State: $71,389
- Median home value
- $239,300State: $214,800
- Median rent
- $1,241/moState: $1,034
- Homeowners
- 83.1%
- Bachelor's degree or higher
- 40.1%
- Average commute
- 26 min
Is Olmsted Falls a good place to live?
Pros: Median household income 36% higher than the Ohio median; unemployment of 2.9%; a poverty rate of 6%.
Cons: Home values 11% higher than the state median; an average commute of 26 minutes.
The weather is best in June to September.
Cost of living in Olmsted Falls
Housing is the biggest part of the cost of living. In Olmsted Falls the median home value is $239,300, 28% lower than the U.S. median. Renters pay a median of $1,241 per month, which is 26.7% of household income. Homeowners with a mortgage pay $1,732 a month in housing costs.
Olmsted Falls median household income
The median household income in Olmsted Falls is $96,837 and the income per person is $49,087. 6% of residents live below the poverty line (Ohio: 13.3%).
Housing in Olmsted Falls: homes for sale and rent
- Housing units
- 3,959
- Owner-occupied
- 83.1%
- Renter-occupied
- 16.9%
- Vacant
- 3.4%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 2.22
Olmsted Falls demographics
- Population
- 8,639
- Median age
- 45.6
- Under 18
- 18.1%
- 65 and older
- 23.3%
- Households
- 3,823
- Foreign-born
- 5%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Olmsted Falls ›
Education in Olmsted Falls
40.1% of adults 25 and older in Olmsted Falls have a bachelor's degree or higher (Ohio: 31.5%), and 15% have a graduate or professional degree.
Jobs and commute in Olmsted Falls
- Unemployment rate
- 2.9%State: 4.8%
- Average commute
- 26 minState: 23 min
- Work from home
- 18.1%
- Drive alone
- 78.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 92.5%
Olmsted Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Olmsted Falls | 8,639 | $96,837 | $239,300 | $1,241 |
| Berea | 18,218 | $74,926 | $198,100 | $1,062 |
| North Olmsted | 31,924 | $84,363 | $219,800 | $1,141 |
| Middleburg Heights | 15,786 | $78,815 | $228,400 | $1,079 |
| Brook Park | 18,284 | $71,332 | $169,600 | $1,122 |
| Strongsville | 45,983 | $103,253 | $298,300 | $1,302 |
| Fairview Park | 17,018 | $78,865 | $239,100 | $1,039 |
| Westlake | 34,104 | $112,200 | $368,200 | $1,570 |
| North Ridgeville | 36,627 | $96,698 | $270,100 | $1,116 |
More for people moving to Olmsted Falls
Olmsted Falls ZIP code ›Weather and climate ›Living in Olmsted Falls: FAQ
What is the median household income in Olmsted Falls, OH?
The median household income in Olmsted Falls is $96,837, 36% 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 Olmsted Falls?
The median home value in Olmsted Falls is $239,300, compared with $214,800 in Ohio.
How much is rent in Olmsted Falls?
The median gross rent in Olmsted Falls is $1,241 per month, about 26.7% of household income.
Is Olmsted Falls, OH a good place to live?
Pluses: median household income 36% higher than the Ohio median; unemployment of 2.9%; a poverty rate of 6%. Minuses: home values 11% higher than the state median; an average commute of 26 minutes.
What is the median age in Olmsted Falls?
The median age in Olmsted Falls is 45.6 years (Ohio: 39.7).
How long is the commute in Olmsted Falls?
The average commute to work in Olmsted Falls is 26 minutes; 18.1% of workers work from home.
What is the unemployment rate in Olmsted Falls?
The unemployment rate in Olmsted Falls is 2.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Olmsted Falls?
40.1% of adults in Olmsted Falls 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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