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Timberlake, Ohio

village · Lake County

At a glance

573
Population
$227,100
Median home value (all homes)
25% below U.S. median
$266,705
Typical market value
Zillow, 2026-07
$1,125/mo
Median rent
17% below U.S. median
$81,375
Median household income
4% above U.S. median
27.4 min
Average commute
90.9%
Homes with broadband
99.34%
Locations with fiber available
5.7%
Unemployment

Cost of living (Clay Affordability Index)

CAI 93 — 7% below the national average. how it's computed

Housing7% below
Goods & services4% below
Utilities4% below
Taxes13% below
Insurance36% below
Commute cost1% above
For business: Ohio is CBII band 3/5 · time to build band 2/5. See state page for the breakdown.

Living here

Nearest 4-year college5 mi
Nearest community college5 mi
Nearest technical college1 mi
High school graduates94%
College graduates32.2%

Doing business here

Economic development contacts, most local first:

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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