The state had a GDP of $656.19 billion in 3rd quarter of 2017, up from $517.1 billion in 2012, and up from $501.3 billion in 2011, according to the Bureau of Economic Analysis. In 2013, Ohio was ranked in the top ten states for best business climate by Site Selection magazine, based on a business-activity database.
How big is Ohio’s economy?
In 2019, Ohio’s gross domestic product (GDP), the broadest measure of economic production, totaled $698.5 billion, a 3.3% increase from 2018 total GDP of $675.9 billion. Ohio’s 2019 GDP was the 7th largest in the U.S., ranked between Pennsylvania (6th) and New Jersey (8th).
What makes money in Ohio?
Ohio’s main cash crops are soybeans and corn. Also important are wheat, oats, hay, fruit, feed, vegetables, livestock, poultry, and dairy products. Tobacco is grown in the Tuscarawas, Muskingum, and Ohio river valleys in the southeastern part of the state.
What’s the biggest industry in Ohio?
Manufacturing is the largest of Ohio’s major sectors, based on GDP. Major sectors and their contributions to Ohio’s economy are presented in the chart above. Roughly 54 percent of the state’s manufacturing output consists of durable goods.
How much money does Columbus Ohio have?
In 2016 the Columbus metropolitan area’s GDP was $130.8 billion, ranking it 29th largest in the U.S. and second largest in Ohio, ahead of Cleveland and just behind Cincinnati.
Is Ohio a rich or poor state?
Ohio is the twenty-second-wealthiest state in the United States of America, with a per capita income of $21,003 (2000).
Who is the biggest employer in Ohio?
Major employers
| Rank | Employer | Number of Ohio employees |
|---|---|---|
| 1 | Cleveland Clinic Health System | 50,825 |
| 2 | Kroger | 45,340 |
| 3 | Ohio State University | 34,470 |
| 4 | Mercy Health Partners | 31,500 |
What is a livable wage in Ohio?
Living Wage Calculation for Ohio
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $15.61 | $34.83 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $9.30 | $9.30 |
Where do Ohio tax dollars go?
Revenues come mainly from tax collections, licensing fees, federal aid, and returns on investments. Expenditures generally include spending on government salaries, infrastructure, education, public pensions, public assistance, corrections, Medicaid, and transportation.
What is the poverty line in Ohio for a single person?
Ohio Civ. R. 20 app 2022 FEDERAL POVERTY LIMIT (FPL)
| Persons in family/household | 100% Poverty | 187.5% Poverty Monthly Gross Income |
|---|---|---|
| 1 | 13,590 | 2,123.44 |
| 2 | 18,310 | 2,860.94 |
| 3 | 23,030 | 3,598.44 |
| 4 | 27,750 | 4,335.94 |
How much is the minimum wage in Ohio?
COLUMBUS, Ohio —
Ohio’s minimum wage is about to rise again, with the rate going up for nontipped employees by 50 cents an hour — from $8.80 to $9.30. Workers who receive tips will get a wage increase from $4.40 an hour to $4.65. That increases are slated to begin on Jan. 1, 2022.
Is Ohio a good place to live?
Consistently ranked one of the best states for business, Ohio offers residents many benefits too, including a low cost of living, excellent schools and good recreational opportunities.
What is Ohio famous for?
Ohio is known for Cedar Point, Rock and Roll Hall of Fame, and Pro Football Hall of Fame. For a day in nature, visit Hocking Hills. Ohio’s inventions are the phonograph, gas-powered automobile, golf balls, and Superman. Then there’s Neil Armstrong, the first person to walk on the moon.
Is Columbus Ohio a black city?
Columbus Demographics
White: 57.40% Black or African American: 29.18% Asian: 5.93% Two or more races: 4.93%
Who is the largest employer in Columbus Ohio?
JPMorgan Chase
List: Largest private employers in Columbus and central Ohio
| Rank | Company | Full-time employees |
|---|---|---|
| 1. | JPMorgan Chase | 20,316 |
| 2. | Nationwide (HQ) | 12,862 |
| 3. | Honda (North America HQ) | 11,077 |
| 4. | L Brands (HQ) | 7,662 |
What is a livable salary in Columbus Ohio?
Living Wage Calculation for Franklin County, Ohio
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 0 Children | |
| Living Wage | $16.53 | $25.65 |
| Poverty Wage | $6.19 | $8.38 |
| Minimum Wage | $9.30 | $9.30 |
Which is richest state in USA?
These Are the 10 Richest States in the U.S.
- Maryland. John GreimGetty Images.
- Massachusetts. Boston GlobeGetty Images.
- New Jersey. John MooreGetty Images.
- Hawaii. Mark BosterGetty Images.
- California. George RoseGetty Images.
- Connecticut. Brooks KraftGetty Images.
- Washington. Dan Callister/Getty Images.
- New Hampshire.
What is the poorest place in Ohio?
Youngstown was ranked the poorest city in Ohio in a 24/7 Wall St. analysis examining U.S. municipalities where households earn less than the nation’s median annual household income of $65,712.
What is the poorest U.S. state?
Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).
What is the highest paid job in Ohio?
Consultant And Sales Representative
Detailed List Of Highest Paying Jobs In Ohio
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Consultant And Sales Representative | $209,300 |
| 2 | Revenue Officer | $209,088 |
| 3 | Chief Executive Officer/chief Technology Officer | $201,912 |
| 4 | Board Certified Orthodontist | $185,818 |
What is the richest company in Ohio?
Cardinal Health
What is the most valuable company in Ohio? According to Statista, Cardinal Health was the largest publicly traded company with headquarters in Ohio in 2021. Cardinal Health topped the list with 152.92 billion dollars in revenue.