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The total population of Olmsted Falls is estimated to be 8,670 with 3,922 males (45.24%) and 4,748 females (54.76%). There are 826 more females than males in Olmsted Falls.
The median household income in Olmsted Falls was $93,078 in 2021, which marked an an increase of 1,817(1.99%) from $91,261 in 2020. This income is 124.76% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Olmsted Falls sees its highest median household income among householders in the age group of 45 to 64 years old, at $110,174. Overall, the median household income for the city of Olmsted Falls stands at $93,078.
In Olmsted Falls, the median income for all workers aged 15 years and older, regardless of work hours, was $54,783 for males and $41,229 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $71,084 for males and $61,856 for females.
In Olmsted Falls, there are just three different racial groups among households. Among these, Two or More Races households report a median household income of $125,212, followed by White households at $92,028, and Black or African American households with a median household income of $66,012.
In 2022, the population of Olmsted Falls was 8,603, a 0.52% decrease year-by-year from 2021. Previously, in 2021, Olmsted Falls's population was 8,648, a decline of 0.03% compared to a population of 8,651 in 2020.
The median age in Olmsted Falls, OH is 45.3, as per 2021 ACS 5-Year Estimates. Of the total population, 17.24% were under the age of 15, 15.30% aged 15 to 29, 45.94% aged 30 to 64, 19.65% aged 65 to 84, and 1.88% were 85 years of age and older.
Racial distribution of Olmsted Falls population: 92.04% are White, 1.50% are Black or African American, 1.76% are Asian and 4.70% are multiracial.