Powell, Dublin, Worthington: These cities aren’t just some of the best places to live in Ohio. They are also home to some of the richest people in the Buckeye State.
Powell in particular houses the richest residents in the state thanks, in part, to a median household income of $136,250 and a ridiculously low poverty rate of 0.8%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Ohio share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
After analyzing Census data from the 2010-2014 American Community Survey for the 287 places in Ohio with more than 5,000 people, we were left with this set of the ten richest places in the Buckeye State:
- Powell (Photos)
- Dublin (Photos)
- Worthington (Photos)
- Dry Run
- Highland Heights (Photos)
- Oakwood (Photos)
- New Albany (Photos)
- Bay Village (Photos)
- Wyoming (Photos)
- Canal Winchester (Photos)
For more on how we calculated the top ten, read on or skip to the end for the full list. Oh, and the poorest place in Ohio? That would be Nelsonville.
How We Determined The Richest Places In Ohio
The first thing that comes to most people’s minds when they think about determining the richest places is simply how much people earn. After all, rich people have really high salaries.
However, we don’t think 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 2010-2014 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 287 places with more than 5,000 people in Ohio, we ranked each place from 1 to 287 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, Powell, crowned the “Richest Place In Ohio”.
You can learn more about the top ten below or skip to the end to see the rankings for all 287 places.
Population: 12,012Median Income: $136,250
Poverty Level: 0.8%
Unemployment Rate: 4.1%
Population: 42,378Median Income: $117,860
Poverty Level: 1.9%
Unemployment Rate: 4.1%
Population: 13,727Median Income: $87,842
Poverty Level: 2.7%
Unemployment Rate: 3.4%
4. Dry Run
Population: 7,446 Median Income: $127,899
Poverty Level: 0.4%
Unemployment Rate: 5.0%
5. Highland Heights
Population: 8,324Median Income: $102,338
Poverty Level: 2.8%
Unemployment Rate: 4.7%
Population: 9,150Median Income: $100,724
Poverty Level: 4.2%
Unemployment Rate: 1.9%
7. New Albany
Population: 8,169Median Income: $179,405
Poverty Level: 2.1%
Unemployment Rate: 5.2%
8. Bay Village
Population: 15,508Median Income: $87,942
Poverty Level: 3.2%
Unemployment Rate: 4.2%
Population: 8,404Median Income: $108,346
Poverty Level: 4.6%
Unemployment Rate: 3.3%
10. Canal Winchester
Population: 7,334Median Income: $75,167
Poverty Level: 2.3%
Unemployment Rate: 3.8%
There You Have It – The Richest Places In Ohio
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 OH, according to data:
2nd Poorest: East Cleveland
3rd Poorest: Youngstown
For more Ohio reading , check out:
- Here’s Ohio Stereotypes According To Google Searches
- These Are The 10 Happiest Cities In Ohio
- 25 Emojis That Perfectly Explain Ohio
Detailed List Of Richest Places In Ohio
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