Gates Mills, OH
Population 2,192 · Ohio
About Gates Mills, OH
Gates Mills is a small town located in Ohio with a population of 2,192 residents according to the latest US Census Bureau American Community Survey data. The median household income is $175,833 per year, which is 134% above the national median of $75,149. The median age of 51.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Gates Mills features a median home value of $651,600, which is 166% above the national median of $244,900. This places Gates Mills in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,000, 72% above the national average of $1,163/month. Of the 878 total housing units, 94% are owner-occupied (779 units) and 6% are renter-occupied (47 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Gates Mills shows an unemployment rate of 4.4%, which is near the national rate of 3.7%. The poverty rate stands at 6.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Gates Mills have an average one-way commute time of 19.8 minutes, one of the shorter commutes in the region.
Education & Demographics
74.5% of Gates Mills residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 1.0% Asian residents, with 15.4% of the population being foreign-born.
How Gates Mills Ranks in Ohio
Cost of Living in Gates Mills, OH
Compared to national averages, Gates Mills has a median household income of $175,833 (134% above the national median of $75,149). Home values average $651,600, which is 166% above the national median. Monthly rent at $2,000 is 72% above the US average of $1,163. Within Ohio, Gates Mills's income is 145% above the state average of $71,814, and home values are 274% above the state median of $174,449.
Why Live in Gates Mills, OH?
Gates Mills offers a strong local economy with a median household income of $175,833, well above the national average, and a well-educated community where 74.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.4%, better than the national average. Additionally, the city features short commute times averaging just 19.8 minutes.
Potential considerations include a competitive housing market where the typical home costs $651,600. However, Gates Mills’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Gates Mills has a population of 2,192 with a median age of 51.7 years. Compare Gates Mills with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Gates Mills
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Utica | 2,180 | $74,438 | $132,700 | Compare |
| Byesville | 2,220 | $35,959 | $93,800 | Compare |
| McConnelsville | 2,158 | $45,714 | $110,100 | Compare |
| St. Paris | 2,237 | $56,741 | $143,000 | Compare |
| Maineville | 2,146 | $90,122 | $267,300 | Compare |
| Choctaw Lake | 2,145 | $146,850 | $338,700 | Compare |
| Coal Grove | 2,144 | $53,324 | $97,300 | Compare |
| Jamestown | 2,241 | $59,028 | $142,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Gates Mills With Other Cities
Frequently Asked Questions about Gates Mills
What is the population of Gates Mills, OH?
The population of Gates Mills, OH is 2,192 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Ohio.
What is the median household income in Gates Mills?
The median household income in Gates Mills, OH is $175,833 per year, which is 134% above the national median of $75,149.
What is the median home value in Gates Mills?
The median home value in Gates Mills, OH is $651,600, which is 166% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gates Mills?
The median monthly rent in Gates Mills, OH is $2,000, which is 72% above the national average of $1,163/month.
What is the unemployment rate in Gates Mills?
The unemployment rate in Gates Mills, OH is 4.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Gates Mills, OH a good place to live?
Gates Mills offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 2,192 and a median age of 51.7, the city appeals to established professionals and retirees.
How educated is Gates Mills, OH?
74.5% of residents in Gates Mills aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Gates Mills?
Key cost-of-living indicators for Gates Mills, OH: median home value is $651,600 (166% above national), median rent is $2,000/month, and median household income is $175,833. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Gates Mills?
The poverty rate in Gates Mills, OH is 6.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Gates Mills, OH?
Gates Mills's population is 0.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 1.0% Asian, and 0.0% two or more races. 15.4% of residents are foreign-born.