Ohio State is an incredible place to live and work. It has some of the best universities in the country, an array of local businesses, and relatively affordable rental prices. The average rent for two bedroom apartments in Ohio State is $980 per month which is much lower than the US average of $1,430. In addition, the grocery cost index in Ohio State is 96 compared to 100 in the US. Some of the top companies located in Ohio State include Huntington Bank, Marathon Petroleum Corporation, American Electric Power Company Inc., McDonald’s Corp., Cardinal Health Inc., and Nationwide Mutual Insurance Co. All these businesses provide well-paying jobs and offer many opportunities for those who want to pursue a career in Ohio State.
Ohio has an unemployment rate of 4.9%. The US average is 6.0%.
Ohio has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.
Tax Rates for Ohio
- The Sales Tax Rate for Ohio is 7.2%. The US average is 7.3%.
- The Income Tax Rate for Ohio is 3.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ohio
- The average income of a Ohio resident is $26,520 a year. The US average is $28,555 a year.
- The Median household income of a Ohio resident is $61,938 a year. The US average is $69,021 a year.