Sheffield Lake, Ohio Median Income

Sheffield Lake, Ohio has a population of 9,090, with a median household income of $64,800.

Current median income data for Sheffield Lake.

$64,800

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Population

9,090

💰

Median Income

$64,800

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Unemployment

2.90%

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Housing Price

$224,400

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Crime Rate

0.20

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Internet Speed

202.40 Mbps

Sheffield Lake is a small local community located in Ohio. The city has a population that is above the average city population in Ohio, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Sheffield Lake is a notable city in Ohio, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Sheffield Lake has a population of 9,090, which is higher than the state average. This indicates a relatively larger urban presence within Ohio.

Income and Economy

The median household income in Sheffield Lake is $64,800, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Sheffield Lake average around $224,400, which is relatively high compared to other cities in Ohio.

Employment and Safety

The unemployment rate in Sheffield Lake is 2.90%, which is lower than the state average, indicating a relatively strong job market. Sheffield Lake has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Ohio, Sheffield Lake shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Sheffield Lake offers a balanced mix of economic conditions, population trends, and housing opportunities within Ohio.

Frequently Asked Questions about Sheffield Lake

What is the population of Sheffield Lake?

The population of Sheffield Lake is approximately 9,090.

Is Sheffield Lake a good place to live?

Sheffield Lake offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Sheffield Lake?

The median household income in Sheffield Lake is around $64,800.

How expensive is housing in Sheffield Lake?

The average housing price in Sheffield Lake is approximately $224,400.