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EconPulse

Local economy signal dashboard

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PLACEThriving

Olmsted Falls, OH

Thriving overall. Federal Funds is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score74out of 100
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75
83
33
78
97

Population

8,639

Data freshness

Unknown

GDP / Output

+5.1% YoY

75

$135.9B

Output changed +5.1% in 2024.

Vintage date unknown

State growth4.4%
U.S. growth5.3%

Jobs

Unemployment rate

83

2.9%

Unemployment is 2.9% for Latest available.

Vintage date unknown

State avg4.8%
U.S. avg5.2%

Population

-2.8% 5-year

33

8,639

Population moved -2.8% over the latest ACS window.

Vintage date unknown

State population11,810,293
U.S. population334,922,499

Housing

Rent share of income

78

15.4%

Median rent consumes 15.4% of median household income: Affordable.

Vintage date unknown

State rent$1.0K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.8K per resident

97

$9.9B

$9.9B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$129.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$9.9B

$7.8K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$6.3B
2. Department of Health and Human Services$1.5B
3. Department of Veterans Affairs$525.5M

Top recipients

Dollars
1. CUYAHOGA METROPOLITAN HOUSING AUTHORITY$260.8M
2. CASE WESTERN RESERVE UNIVERSITY$204.2M
3. OHIO DEPARTMENT OF TRANSPORTATION$156.5M

Affordable

Housing Affordability

15.4%

of median income

1BR estimate$1,018
2BR estimate$1,340
Median income$96,837
Median home value$239,300

ACS context

Quick Facts

Population

8,639

Median age

45.6

Bachelor's degree+

40.1%

Poverty rate

6.0%

Labor force participation

66.0%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-0.6%

GDP CAGR

+5.9%

Federal flow

5 years

Population (5 years)
20208,892
20218,684
20228,670
20238,640
20248,639
GDP (5 years)
2020$102.2B
2021$111.0B
2022$122.2B
2023$129.3B
2024$135.9B

2-year linear forecast

Predictive Outlook

Population forecast

20248,639
20258,540 *
20268,485 *

R² = 66.9% · * projected

GDP forecast

2024$135.9B
2025$145.9B *
2026$154.5B *

R² = 99.0% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$96,837/yr
Median rent$1,241/mo
Rent share of income15.4%
Est. mortgage (30yr, 6.5%)$14,520/yr
Mortgage share of income15.0%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate2.9%
State avg4.8%
U.S. avg5.2%
Labor force participation66.0%
Poverty rate6.0%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$239,300
Median monthly rent$1,241
Price-to-rent ratio16.1x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score68/100
Economic growth75/100
Labor market83/100
Population momentum33/100
Overall stability74/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Olmsted Falls city, Ohio

City/Town

Part of

Cleveland, OH

Nearby locations

Berea, OHNorth Olmsted, OHMiddleburg Heights, OHBrook Park, OHStrongsville, OH