The State of Ohio Income Charts

This section shows the Ohio Ohio economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Ohio depicts it has a Median earnings of $47,458 which is in the mid point range of other states in the area. The state with the highest median earnings per worker in the group is Illinois which shows a median earnings of $52,292 (10.2% larger).

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $56,602 which is in the mid range of other states in the greater region. The state with the highest median household income in the group is Illinois which shows a median income of $65,886 (16.4% larger).

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.4 which is in the mid range of other states in the metropolitan area. The state with the highest average hours in the group is Indiana which depicts an average hours of 38.8 ( only slightly larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $23.77 which is in the center range of other states in the metro area. The state with the highest average hourly earnings in the group is Illinois which shows an average hourly earnings of $26.05 (9.6% larger).

Figure 7 examines the number of self employed people in the Ohio metro area based on the number of people who reported any self employment income. Ohio depicts it has a Self Employed of 9.2% which is the third most people self employed of all other states in the greater Ohio region. The state with the highest percentage of people self employed in the group is Wisconsin which shows a percentage self employed of 9.9% (7.7% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years in the middle range of other states in the surrounding region at $63,024 of the total. Second, it has in the intermediate range of other states in the area as measured by median income-25 to 44 years at $69,189 of the total. Third, it has in the mid range of other states in the metro area in terms of median income-45 to 64 years at $42,072 of the total.

Figure 9 breaks down the source of income and Ohio has the largest proportion of self employment income at 13.5% of the total and is ranked #1. Second, it has the largest proportion of social security at 0.9% of the total and is ranked #1.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 22.6% which is the second most households with retirement income of all the states in the greater Ohio region. The state with the highest households with retirement income in the group is Michigan which depicts a households with retirement income of 23.7% (only about 5.0% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income in the middle range of other states in the surrounding region at $76,938 of the total. Second, it has in the center range of other states in the local area as measured by white family income at $41,739 of the total. Third, it has the smallest proportion of black family income at $45,161 of the total. Also, it has one of the largest proportions of american indian family income at $93,215 of the total and is ranked #3. Only #2 Michigan ($103,288), and #1 Illinois ($105,511) are larger. In addition, it has in the mid range of other states in the local area when sorted by asian family income at $52,500 of the total. Furthermore, it has in the middle range of other states in the metro area as measured by hawaiian family income at $49,092 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Ohio shows it has the hightest cost of 107.7 for the cost of healthcare category.

The State of Ohio Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. . It shows that from February 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 11.9% to 5.0% in February 2020. This represents a decrease in the monthly unemployment rate of 58.0%. Since that time, the monthly unemployment rate has gone to 5.3% This represents an increase in the monthly unemployment rate of 6.0%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. . It depicts that from February 2010 to before the Wuhan virus Pandemic the monthly labor force participation went from 5,831,250 to 5,882,750 in February 2020. This represents an increase in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 5,684,960 This represents a decrease in the monthly labor force participation of 3.4%.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Ohio depicts it has a Unemployment Rate of 3.4% which is the third most of all other states in the local area. The state with the highest unemployment rate in the group is Illinois which depicts a rate of 3.9% (15.0% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. the state of depicts it has a Labor Force Participation of 63.3% which is in the mid range of other states in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Ohio depicts full time employees approximately 3.2 times bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater Ohio area. Ohio depicts it has a Single Earner Families of 26.9% which is in the middle range of other states in the metro area. The state with the highest families with a single earner in the group is Illinois which shows a single earners rate of 28.1% (only about 4.4% larger). The percentage of families with no one working is depicted in Figure 22. Ohio depicts it has a Families with No One Working of 17.3% which is the second most families with no one working of all the states in the greater Ohio region. The state with the highest families with no one working in the group is Michigan which depicts a families with no worker of 19.6% (13.4% larger).

The State of Ohio Poverty Charts

The next section details economy analysis about poverty for residents of the Ohio community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Ohio depicts it has a Total In Poverty of 1,588,343 which is is the uppermost of the states in the greater Ohio region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Ohio shows it has a Percent of Population In Poverty of 14.0% which is the second most percent of people earning less than the poverty level of all the states in the greater Ohio region. The state with the highest percent of people earning less than the poverty level in the group is Michigan which shows a percent of people in poverty of 14.4% ( only slightly larger).

In Figure 25 people who are in poverty are broken out by age group. Ohio has the smallest proportion of person in poverty 12 to 17 years at 28% of the total. Second, it has the largest proportion of person in poverty 35 to 54 years at 11% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Ohio has the largest proportion of asian poverty rate at 33% of the total and is ranked #1. Second, it has the largest proportion of hawaiian poverty rate at 25% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Ohio has the largest proportion of married with children and in poverty at 41% of the total and is ranked #1. Second, it has the largest proportion of unmarried with children and in poverty at 47% of the total and is ranked #1.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Ohio has the largest proportion of highschool graduate and in poverty at 10% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Ohio has the smallest proportion of people who are in poverty and unemployed at 16.5% of the total. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) the state of depicts it has a Public Assistance Percent of 13.7% which is the second most households with public assistance of all the states in the greater Ohio region. The state with the highest households with public assistance in the group is Michigan which depicts a households with public assistance of 13.9% ( only slightly larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). the state of depicts it has a Gini Index of 46.5% which is the third most the gini index of all other states in the greater Ohio region.

The State of Ohio Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the Ohio community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Ohio has the smallest proportion of people who take public transportation to work at 3% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Ohio or elsewhere.) Ohio has the largest proportion of people who drove alone at 83% of the total and is ranked #1. Second, it has the smallest proportion of people who carpooled at 8% of the total. Third, it has the smallest proportion of people who take the ferry at 0% of the total. Also, it has the smallest proportion of people who bike at 0% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Ohio has the smallest proportion of people who leave for work between 12am to 5am at 4% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Ohio has the largest proportion of people with commute time between 15 to 19 minutes at 16% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 20 to 24 minutes at 8% of the total and is ranked #1.

The average commute time is shown in Figure 37. the state of shows it has a Avg Commute Time of 24 which is in the mid range of other states in the metro area. Figure 38 shows the difference between male versus female commuting time. Ohio depicts average commute time in minutes for men 22.7% larger as the average commute time in minutes for women. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) the state of depicts it has a Work in city or place where live of 34% which is in the middle range of other states in the metro area. The state with the highest people who both work and live in the same city in the group is Indiana which depicts a people who both work and live in the same city of 48% (41.5% larger).

The State of Ohio Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. the state of shows it has the hightest median earnings of $79,307 for the management, business, and financial occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and the state of depicts it has the hightest median earnings of $65,081 for the earnings-computer, engineering, and science occupations grouping. The table in Figure 48, shows Ohio employment data in terms of job categories and salary data.

The State of Ohio Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. the state of shows it has the hightest entrepreneurs of 50% for the self employed management, business, science, and arts businesses group.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. the state of shows it has the hightest entrepreneurs of 23% for the self employed in professional, scientific, management, administrative services group.

In Figure 51 the average annual self employment/entrepreneur income is shown. the state of depicts it has a Self Employment Income of $33,664 which is the second most average annual self employment income of all the states in the greater Ohio region. The state with the highest average annual self employment income in the group is Illinois which depicts an average annual self employment income of $38,734 (15.1% larger).

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Ohio shows total number of self-employed men about twice as large as the total number of self-employed women.