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Painesville, Ohio

city · Lake County

At a glance

20,548
Population
$158,800
Median home value (all homes)
48% below U.S. median
$231,205
Typical market value
Zillow, 2026-07
$1,036/mo
Median rent
23% below U.S. median
$51,516
Median household income
34% below U.S. median
20.1 min
Average commute
94%
Homes with broadband
28.87%
Locations with fiber available
6.5%
Unemployment

Cost of living (Clay Affordability Index)

CAI 86 — 14% below the national average. how it's computed

Housing30% below
Goods & services4% below
Utilities6% below
Taxes13% below
Insurance36% below
Commute cost26% below
For business: Ohio is CBII band 3/5 · time to build band 2/5. See state page for the breakdown.

Living here

Colleges in town:
Lake Erie College Graduate degrees
Nearest 4-year college1 mi
Nearest community college9 mi
Nearest technical college5 mi
High school graduates83.4%
College graduates22.7%

Doing business here

Economic development contacts, most local first:

city Concord-Painesville JEDD
The Concord-Painesville Joint Economic Development District (JEDD) is a partnership between Concord Township and the City of Painesville created to further economic development in the Auburn-Crile Road corridor, including providing incentives, marketing information, and business support, and funding infrastructure and safety improvements.
city Downtown Painesville Organization
Downtown Painesville Organization is a Main Street organization dedicated to preserving history and building a vibrant downtown in Painesville, Ohio. It positions itself as the civic heart of Lake County, serving local businesses and the community.
city Painesville Economic Development
Painesville's Economic Development Office supports business development and investment in Painesville, including incentives, financing options, and access to available properties for businesses starting or expanding in the city.
city Valley Economic Development Partners
Valley Economic Development Partners combines economic development expertise with flexible lending solutions to grow the region’s economy. The organization runs a Business Resource Center that provides free technical assistance to small business owners, helps with projections and business plans, and connects clients to outside professionals as a Tier I Minority Business Assistance Center (MBAC). As a Community Development Financial Institution (CDFI), it aims to expand economic opportunities for underserved communities through small‑business financial education, counseling, and one‑on‑one technical assistance to help access capital for startup or expansion.
county Lake
Local government administration for Lake Township, Millbury, Ohio. Provides contact information and office hours for residents.
county Lake County Economic Dev Center
The Lake Development Authority accelerates the economic growth of Lake County, Ohio by providing tailored guidance and resources in financing, partnership, spaces, transportation, and community. It helps people, businesses, and municipalities to thrive.
region Team NEO
state Copley
Copley Township's Community & Economic Development Department strives to foster sound economic development objectives and attract new businesses, with a focus on retaining small businesses and expanding the tax base. The page notes incentives may be available through JobsOhio and NOPEC, and highlights the BRE program and related initiatives.
state Duchouquet
state Falls
Olmsted Falls is a vibrant, business-friendly community where historic charm meets modern opportunity. The Economic Development Department is committed to supporting business growth, attracting new investment, and strengthening the local economy, providing responsive, personalized assistance to help you launch a new venture, expand an existing business, or relocate.
state First Energy Corp
FirstEnergy Corp is a parent company of several electric utilities, including Ohio Edison, The Illuminating Company, Toledo Edison, Met-Ed, Penelec, Penn Power, West Penn Power, Jersey Central Power & Light, Mon Power, and Potomac Edison, serving customers across Ohio, New Jersey, Maryland, Pennsylvania, West Virginia, and beyond.
state JobsOhio
Discover funding opportunities that support business growth, innovation, and community development through available loans, grants, and tax incentive programs. The site also highlights incentives, site selection resources, and workforce initiatives in Ohio.
state Lemon
state Monclova
state Ohio Department of Development
Empowering communities to succeed. The Ohio Department of Development aims to help Ohio businesses, communities, and individuals thrive. Its programs include Strategic Investment, Minority Business Development, Community Services, Governor’s Office of Appalachia, TourismOhio, and Research.
state Ohio's Electric Cooperatives
Ohio's Electric Cooperatives (OEC) provides economic development, engineering services, load management assistance, and marketing for its 24 member cooperatives in addition to providing reliable, affordable, and responsibly produced power generation and transmission. Our economic development team provides personalized, confidential economic development and site selection services for the territories served by its member cooperatives in 77 of Ohio's 88 counties.
state Pleasant
state Prairie
The Prairie Township government manages a Joint Economic Development District (JEDD) and Joint Economic Development Zone (JEDZ) to support economic development initiatives and services in the township, funded by an earnings tax on wages of workers within the zone.
state Symmes
Symmes Township's Economic Development program supports commercial development and incentives (tax abatements) for properties within the Community Reinvestment Area, in partnership with Alloy Development and Hamilton County.
state Turtlecreek
state Upper
State sales taxYes
State income taxYes
Right-to-work stateNo

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