Ohio, NY Economy


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Ohio, NY is a great place to live with many opportunities to enjoy the area and its amenities. The average rent for a two-bedroom apartment in Ohio, NY is $900, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Ohio, NY is 98 versus 100 in the US; this makes it an affordable option for those looking to reduce their overall expenses. There are several local companies throughout Ohio, NY that are popular amongst visitors and residents alike. Some of these include Colvin's Furniture Inc., and The Market at Woodsedge Farm – both offering unique products and services to the community. Other businesses such as Donut Boyz Cafe and Grill provide delicious meals and treats while providing an enjoyable atmosphere.

Ohio has an unemployment rate of 8.3%. The US average is 6.0%.

Ohio has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.

Tax Rates for Ohio
- The Sales Tax Rate for Ohio is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Ohio is 6.5%. 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 $21,186 a year. The US average is $28,555 a year.
- The Median household income of a Ohio resident is $54,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOhio, New YorkUnited States
  8.36
  -4.8%-6.2%
  21.0%33.5%
  8.3%6.2%
  6.2%4.6%
  $41,711$37,638
  $54,000$69,021
  $78,214$85,028
  Population by Occupation
  1.1%1.2%
  0.0%0.5%
  11.7%6.8%
  9.6%10.0%
  0.0%2.5%
  7.7%11.0%
  5.5%4.8%
  0.0%0.8%
  1.6%1.9%
  6.6%4.7%
  1.9%1.9%
  4.9%7.6%
  0.0%0.1%
  6.3%4.2%
  6.8%9.3%
  13.9%14.0%
  4.1%2.1%
  8.5%7.0%
  4.1%4.8%
  5.7%4.7%
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