The State of Ohio Income Charts

This section shows the economic outlook and local economy using the most recent economic data from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker. Ohio shows it has $46,314 median earnings which is in the mid range of other states in the area. The state with the highest median earnings in the group is Illinois with an earnings of $51,263 compares as 10.7% larger.

In Figure 2 we see a more complete view of income which includes all members in a household using the median household income and it has $54,533 median income which is in the mid point of other states in the area. The state with the highest median income in the group is Illinois with an income of $63,575 is 16.6% larger.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has 38.3 average hours which is in the middle of other states in the area. The state with the highest average hours in the group is Indiana with an average hours of 38.7 is 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 $23.25 average hourly earnings which is in the mid range of other states in the area. The state with the highest average hourly earnings in the group is Illinois with an average hourly earnings of $25.61 is 10.1% larger.

Figure 7 examines the number of self employed people in the area based on the number of people who reported any self employment income. Ohio shows it has 9.1% Self Employed which is the 3d most of all other states in the area. The state with the highest Self Employed in the group is Wisconsin with a Self Employed of 9.9% is 8.7% larger.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has 21.4% households with retirement income which is the 2nd most of all the states in the area. The state with the highest households with retirement income in the group is Michigan with a households with retirement income of 22.5% is only about 5.1% larger.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has Hawaiian Family Income the 2nd most of all the states in the area at $64,212 of the total and is ranked in the middle of the group.

Figure 13 shows the cost of living for a variety of cost components from the Bureau of Labor Statistics. Ohio shows it has hightest cost of 107.7 for cost of healthcare.

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 depicts that from February 2010 to before the Wuhan virus Pandemic the monthly unemployment rate went from 11.9% to 4.7% in February 2020. This represents a decrease in the monthly unemployment rate of 60.5%. Since that time, the monthly unemployment rate has gone to 8.8% This represents an increase in the monthly unemployment rate of 87.2%. 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 disasterous Covid-19 virus Pandemic the monthly labor force participation went from 5,831,250 to 5,836,730 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 5,786,920 This represents a decrease in the monthly labor force participation of very little.

The next two charts look at the annual unemployment rate and is based on the American Community survey. Figure 16 shows Ohio shows it has 3.7% unemployment rate which is the 3d most of all other states in the area. The state with the highest unemployment rate in the group is Illinois with a rate of 4.3% is 16.1% larger. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. the state of shows it has 63.2% participation rate which is in the middle of other states in the area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Ohio shows full time employees measures approximately 3.1 times bigger than 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. Ohio shows it has 26.9% families with a single earner which is in the mid range of other states in the area. The state with the highest families with a single earner in the group is Illinois with a single earners rate of 28.4% measures only about 5.5% larger. The percentage of families with no one working is depicted in Figure 22. Ohio shows it has 17.2% families with no one working which is the 2nd most of all the states in the area. The state with the highest families with no one working in the group is Michigan with a families with no worker of 19.6% is 14.0% larger.

The State of Ohio Poverty Charts

The next section details information about poverty in the area. In Figure 23 the total number of people earning less than the poverty level are shown. Ohio shows it has 1,645,990 total people earning less than the poverty level which is ranked #1 of all statesin the area.

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 14.5% percent of people earning less than the poverty level which is the 2nd most of all the states in the area. The state with the highest percent of people earning less than the poverty level in the group is Michigan with a percent of people in poverty of 15.0% is only about 3.0% larger.



The next chart, Figure 26, shows the percentage of people in poverty by racial group. Ohio has the largest proportion of American Indian poverty rate at 26% of the total and is ranked #1. Second, it has the largest proportion of Hawaiian poverty rate at 30% of the total and is ranked #1. Also, it has the largest proportion of Hispanicp poverty rate at 26% 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 Unmarried with children and in poverty at 43% of the total and is ranked #1. Second, it has the largest proportion of Unmarried Female with children and in poverty at 49% 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 less than highschool in poverty the 2nd most of all the states in the area at 28% of the total and is ranked in the middle of the group. 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.) We can see that the state of shows it has 14.3% households with public assistance which is the 2nd most of all the states in the area. The state with the highest households with public assistance in the group is Michigan with a households with public assistance of 14.7% is only about 2.8% larger.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). the state of shows it has 46.5% the Gini Index which is the 3d most of all other states in the area.

The State of Ohio Work Commute Charts

The average commute time is shown in Figure 37. the state of shows it has 23 average commute time which is in the middle of other states in the area.

Figure 38 shows the difference between male versus female commuting time and Ohio shows average commute time in minutes for men measures 23.0% larger than 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 shows it has 34% people who both work and live in the same city which is in the middle of other states in the area. The state with the highest people who both work and live in the same city in the group is Indiana with a people who both work and live in the same city of 48% is 41.6% 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 indicates it has hightest median earnings of $77,461 for Management, business, and financial occupations. Similarly, Figure 47 shows the median earnings of women for the job categories and the state of shows it has hightest median earnings of $64,950 for Earnings-Computer, engineering, and science occupations.

The State of Ohio Self Employment Charts

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

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories. the state of shows it has hightest entrepreneurs of 23% for self employed in professional, scientific, management, administrative services.

In Figure 51 the average annual self employment income is shown. the state of shows it has $32,827 average annual self employment income which is the 3d most of all other states in the area. The state with the highest average annual self employment income in the group is Illinois with an average annual self employment income of $37,670 is 14.8% larger.

Figure 52 shows the difference between the number of self employed men and self employed women. Ohio indicates total number of self-employed men is about twice as large than total number of self-employed women.