1st Advantage MortgageMiami County households have a median income of $76,817 and median rent of $966 a month (ACS 2020 to 2024). A loan makes sense only if its total cost beats your alternatives and the payment fits your budget. Check the lender's Ohio license first.
On this page
- Who lives in Miami County
- How Miami County residents earn a living
- How much Miami County households make
- Renting and owning in Miami County
- Towns and communities in Miami County
- Miami County next to its neighbors
- People and households in Miami County
- Borrowing situations common in Miami County
- A Miami County household budget, worked through
- Licensing and complaints for Miami County
- Steps before you apply in Miami County
- More guides for Miami County
- Frequently asked questions
Who lives in Miami County
The latest five-year Census estimate puts Miami County's population at 110,296; only 24 of Ohio's 88 county-level areas are larger. It covers 407 square miles of land, or about 271 people per square mile. The federal metro definitions (OMB, July 2023) place it in the Dayton-Kettering-Beavercreek, OH metropolitan area. Of the 12 Census places inside Miami County, Troy leads by population with about 26,842; 11 of the 12 are incorporated.
How Miami County residents earn a living
Manufacturing employs 23% of working residents, the largest share; education and health care is next with 21%. Compared with Ohio, the county leans toward manufacturing (23% against 15%). ACS puts five-year average unemployment at 3.1% in Miami County. About 80% drive to work alone and 8% have trips of 45 minutes or more. 5.7% of households have no vehicle.
| Industry | Share of Miami County workers | vs Ohio |
|---|---|---|
| Manufacturing | 23.1% | +8.5 pts |
| Education and health care | 20.7% | -3.6 pts |
| Retail trade | 9.6% | -1.6 pts |
| Professional and administrative services | 9.1% | -1.2 pts |
| Arts, lodging and food service | 7.8% | -0.6 pts |
| Construction | 5.8% | -0.1 pts |
Shorter commutes usually mean lower vehicle costs, which can leave more room for a payment, or for paying a loan off early.
How much Miami County households make
At $76,817, the typical Miami County household income is 17% above the median U.S. county ($65,681).
| Income band | Share in Miami County | Difference from Ohio |
|---|---|---|
| Under $35,000 | 19.7% | -4.1 pts |
| $35,000 to $99,999 | 43.4% | +1.8 pts |
| $100,000 to $199,999 | 28.9% | +3.5 pts |
| $200,000 or more | 7.9% | -1.2 pts |
About 20% of households earn under $35,000, while 37% clear $100,000. 9.4% of residents fall below the federal poverty line (statewide: 13.3%). If your income is irregular, as it often is with tips, gig work or seasonal jobs, plan around your leaner months rather than the Miami County median.
Renting and owning in Miami County
Renters in Miami County pay a median of $966 a month, 7% below the Ohio figure of $1,034. By the Census definition, 43% of Miami County renters are cost-burdened. Home values center on $229,100, or 3.0 years of median income. The ownership rate is 73%. Half the housing stock was built before 1971.
| Cost | Miami County | Ohio figure | Median county, U.S. |
|---|---|---|---|
| Median gross rent | $966/mo | $1,034/mo | $877/mo |
| Median home value | $229,100 | $214,800 | $185,300 |
| Owners | 73% | 67% | 75% |
| Rent-burdened renters | 43% | 46% | 45% |
| Burdened owners | 20% | 21% | n/a |
| Mobile homes | 1.1% | 3.4% | n/a |
Because most Miami County households own, home repairs are a frequent reason to borrow. An unsecured personal loan leaves the house out of the deal, while a HELOC uses it as collateral.
Towns and communities in Miami County
12 Census places fall mainly inside Miami County; the 12 biggest are below. They account for 68,802 residents, leaving about 38% of the county in unincorporated, unnamed areas. Tipp City has the highest median household income on the list ($78,098) and Covington the lowest ($59,750), counting places with at least 500 residents. Rent is cheapest in Covington ($588) and steepest in Troy ($1,003). None of the 12 has its own city guide, so this page covers all of them.
| Name | Kind | Pop. | Income | Rent | Miles |
|---|---|---|---|---|---|
| Troy | city | 26,842 | $68,830 | $1,003 | 1 mi |
| Piqua | city | 20,646 | $67,796 | $922 | 7 mi |
| Tipp City | city | 10,439 | $78,098 | $858 | 7 mi |
| West Milton | village | 4,771 | $62,885 | $963 | 8 mi |
| Covington | village | 2,596 | $59,750 | $588 | 8 mi |
| Pleasant Hill | village | 1,526 | $72,330 | $737 | 6 mi |
| Fletcher | village | 719 | $75,417 | n/a | 9 mi |
| Laura | village | 436 | $78,125 | $825 | 10 mi |
| Casstown | village | 259 | $51,250 | $1,156 | 5 mi |
| Potsdam | village | 253 | $66,250 | $1,604 | 12 mi |
| Brandt | CDP | 210 | n/a | n/a | 13 mi |
| Ludlow Falls | village | 105 | $60,250 | $1,031 | 7 mi |
Miami County next to its neighbors
Six nearby counties, 20 to 31 miles away by the straight-line distance between their centers. 1 of the six report a higher median household income than Miami County; Greene County is highest at $87,309 and Clark County lowest at $63,132.
| Nearby county | Center to center | Household income | Gross rent | Owner-occupied |
|---|---|---|---|---|
| Miami County | - | $76,817 | $966/mo | 73% |
| Shelby County, OH | 20 mi | $73,978 | $922/mo | 74% |
| Montgomery County, OH | 21 mi | $66,139 | $1,026/mo | 62% |
| Darke County, OH | 21 mi | $64,486 | $779/mo | 72% |
| Champaign County, OH | 25 mi | $75,556 | $905/mo | 77% |
| Clark County, OH | 25 mi | $63,132 | $872/mo | 69% |
| Greene County, OH | 31 mi | $87,309 | $1,135/mo | 68% |
People and households in Miami County
Degree holders: 27% of adults over 25. About 5% go without health insurance.
| Measure | Miami County | Ohio statewide | Typical U.S. county |
|---|---|---|---|
| Median age | 41.3 | 39.7 | 41.5 |
| Bachelor's or higher | 26.8% | 31.5% | 22.2% |
| No high school diploma | 7.2% | 8.2% | n/a |
| No health insurance | 4.7% | 6.4% | 7.8% |
| No vehicle | 5.7% | 7.5% | 5.4% |
| Work from home | 10.2% | 13.0% | 8.7% |
| Poverty rate | 9.4% | 13.3% | 13.2% |
| Unemployment (ACS) | 3.1% | 4.8% | 4.4% |
| Trip time | Share |
|---|---|
| Under 15 min | 34.0% |
| 15 to 29 min | 39.2% |
| 30 to 44 min | 18.3% |
| 45 to 59 min | 4.3% |
| 60+ min | 4.1% |
Borrowing situations common in Miami County
A few patterns in the Miami County data, and the practical point behind each:
- Requirements. Lenders weigh credit history, documented income and existing debt (what to gather).
- Know your credit. Review all three bureau reports for free (AnnualCreditReport.com).
- Advance-fee offers. No legitimate lender asks a Miami County borrower to pay first (scam signs).
A Miami County household budget, worked through
Miami County at the medians, through a lender's eyes (what DTI means):
- Median income divided by twelve: $6,401 before taxes
- Rent at the median, $966, takes 15% of that
- 36% debt-to-income limit: $1,339 left for all other debt payments
- 43% debt-to-income limit: $1,787 left for all other debt payments
Car, student loan and card payments come out of that room first. Try your own numbers in the calculator.
Licensing and complaints for Miami County
No county office licenses personal lenders. For Miami County, check the Ohio Division of Financial Institutions. A CFPB complaint gets forwarded to the company for a response. See the Ohio state guide for the statewide picture.
Steps before you apply in Miami County
Steps that save money for Miami County residents:
- Write down what the expense costs; a smaller loan costs less.
- Collect three written offers and compare APR and total repaid.
- Verify the Ohio license before giving out your Social Security number.
- Ask a Miami County credit union about member loans.
More guides for Miami County
For statewide rules and data, see the Ohio guide.
Frequently asked questions
How much do households in Miami County earn?
The median is $76,817; 37% earn $100,000 or more and 20% under $35,000. A lender uses your own documented income, not this figure.
How much is rent in Miami County?
Median gross rent, utilities included, is $966 a month; 43% of renters spend 30% or more of income on it.
Which towns does the Miami County guide cover?
Every community in the county, unincorporated areas included. The largest of its 12 Census places: Troy, Piqua, Tipp City, West Milton, Covington.
Does living in Miami County change what I qualify for?
Not in our fit check, which uses only the amount, credit range, income and payments you enter, the same for a Miami County resident as anyone. Lenders decide under fair-lending law.
Where can someone in Miami County check a lender's license?
With the Ohio Division of Financial Institutions. If a lender is unlicensed or asks for a fee before funding, walk away.