Economy, jobs and prices in Ohio, United States: official figures
The economy of Ohio (gross domestic product) was worth $976.9 billion in 2025 at current prices, 3.2% of the US total of $30.86 trillion; 7th largest of 51. In current dollars it was up 5.3% on 2024.
How fast is the economy of Ohio growing?
After adjusting for inflation, real GDP in Ohio grew 2.4% in 2025, against 2.3% for the United States; 17th fastest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the GDP per capita of Ohio?
Dividing 2025 GDP by the Census Bureau's population estimate gives $82,087 of output per resident, against $90,294 for the US economy divided by the population of the 50 states and DC; 26th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs the economy of Ohio growing or shrinking?
In the second quarter of 2026, real GDP in Ohio grew at an annual rate of 2.0% (United States: 2.2%); tied for 22nd fastest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat are the main industries in Ohio?
In 2025 the largest private industry in Ohio's economy was manufacturing (13.6% of GDP), followed by finance and insurance (13.3%) and real estate, rental and leasing (12.2%). Government accounted for 10.0%; the manufacturing share was 10th highest of 51 (United States: 9.5%).
Source: U.S. Bureau of Economic Analysis · saved copyHow much do people in Ohio spend?
Consumer spending (personal consumption expenditures) in Ohio came to $55,295 per person in 2025 (United States: $61,062); 17th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs Ohio expensive to live in?
Prices in Ohio were 7.2% below the national average in 2024, by BEA's regional price parity of 92.8 (US = 100), which covers goods, services and housing; 17th least expensive of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the inflation rate in Ohio?
Prices in Ohio rose 3.6% in 2024, measured by BEA's implicit regional price deflator, against 2.6% nationally (PCE price index).
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the per capita income in Ohio?
Personal income per person in Ohio was $67,584 in 2025, against $77,028 for the United States; 15th lowest of 51. It was up 4.7% on 2024 and up 27.9% on 2020, before inflation.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the disposable income per person in Ohio?
After taxes, disposable personal income per person was $60,095 in 2025 (United States: $67,251); 16th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyHow far does income go in Ohio?
Adjusted for local price levels, real personal income per person in Ohio was $56,232 in 2024 in 2017 dollars (United States: $59,195); 18th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the median household income in Ohio?
Median household income in Ohio was $72,212 in 2024 (margin of error ±$538), against $81,604 for the United States; 12th lowest of 51 by the point estimate. It was up 3.5% on 2023 after adjusting for inflation (American Community Survey).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Ohio?
The Gini index of household income inequality in Ohio was 0.463 in 2024 (0 means equal incomes, 1 means one household has everything; United States: 0.481); tied for 23rd least unequal of 51.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Ohio?
The unemployment rate in Ohio was 3.4% in September 2026 (seasonally adjusted, preliminary), down from 4.3% a year earlier; tied for 14th lowest of 51. The rate for the 50 states and DC combined was 4.2%.
Source: U.S. Bureau of Labor Statistics · saved copyHow many people are unemployed in Ohio?
In September 2026, 196,349 people in Ohio were unemployed and 5,657,390 employed, out of a labor force of 5,853,739.
Source: U.S. Bureau of Labor Statistics · saved copyWhat was the unemployment rate in Ohio in 2025?
Over 2025 the unemployment rate in Ohio averaged 4.6% (an 11-month average: October 2025 was not collected during the federal shutdown), against 4.4% in 2024; tied for 10th highest of 51. The lowest annual rate since 1976 was 3.7% in 2023.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the average salary in Ohio?
Workers covered by unemployment insurance in Ohio were paid $68,298 on average in 2025 ($1,313 a week), up 3.6% on 2024; the US average was $78,720. That is 23rd lowest of 51.
Source: U.S. Bureau of Labor Statistics · saved copyHow many jobs are there in Ohio?
Employers in Ohio had an average of 5,534,587 jobs on their payrolls in 2025 across 347,138 establishments, up 0.3% on 2024 (United States: up 0.5%).
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median wage in Ohio?
The median annual wage across all occupations in Ohio was $49,380 in May 2025 (mean $64,390); 25th lowest of 51. One in ten workers earned less than $29,210 and one in ten more than $106,800.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the most common job in Ohio?
The most common occupation in Ohio in May 2025 was fast food and counter workers, with 163,560 workers and a median annual wage of $28,430.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median household income in Ohio?
Median household income in Ohio was $72,259 in 2024, 12th lowest among the 50 states and DC (U.S.: $81,604). In 2019 it was $58,704, so it has risen 23.1% before allowing for inflation.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Ohio?
The median gross rent in Ohio, including utilities, was $1,090 a month in 2024, up 7.5% on 2023 ($1,014); 14th lowest among the 50 states and DC (U.S.: $1,487).
Source: U.S. Census Bureau · saved copyWhat is the median home value in Ohio?
Homeowners in Ohio valued their homes at a median of $239,800 in 2024, up 8.9% on 2023 ($220,200); 10th lowest among the 50 states and DC (U.S.: $360,600).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Ohio?
The median home value in Ohio was 3.3 times the median household income in 2024 ($239,800 against $72,259); 5th lowest ratio among the 50 states and DC (U.S.: 4.4).
Source: U.S. Census Bureau · saved copyIs rent affordable in Ohio?
A household on the median income in Ohio would spend 18.1% of its income on the median rent of $1,090 a month in 2024 (U.S.: 21.9%).
Source: U.S. Census Bureau · saved copyHow Ohio compares with other states
Gross domestic product, 2025 (current dollars) (2025)
Ohio ranks 7 of 51, highest first.
| Rank | Region | Gross domestic product, 2025 (current dollars) |
|---|---|---|
| 4 | Florida | $1.81 trillion |
| 5 | Illinois | $1.24 trillion |
| 6 | Pennsylvania | $1.06 trillion |
| 7 | Ohio | $976.9 billion |
| 8 | Georgia | $936.1 billion |
| 9 | North Carolina | $895.9 billion |
| 10 | Washington | $892.3 billion |
GDP per resident, 2025 (BEA GDP / Census population) (2025)
Ohio ranks 26 of 51, highest first.
| Rank | Region | GDP per resident, 2025 (BEA GDP / Census population) |
|---|---|---|
| 23 | Nevada | $85,728 |
| 24 | Iowa | $83,973 |
| 25 | Georgia | $82,819 |
| 26 | Ohio | $82,087 |
| 27 | Pennsylvania | $80,898 |
| 28 | Oregon | $80,317 |
| 29 | Wisconsin | $80,160 |
Real GDP growth, 2025 (2025)
Ohio ranks 17 of 51, highest first.
| Rank | Region | Real GDP growth, 2025 |
|---|---|---|
| 14 | Illinois | 2.6% |
| 15 | New York | 2.5% |
| 16 | Connecticut | 2.5% |
| 17 | Ohio | 2.4% |
| 18 | Virginia | 2.3% |
| 19 | Oklahoma | 2.2% |
| 20 | Michigan | 2.2% |
Real GDP growth, 2026:Q2 (annual rate) (2026:Q2)
Ohio ranks 22 of 51, highest first.
| Rank | Region | Real GDP growth, 2026:Q2 (annual rate) |
|---|---|---|
| 19 | Texas | 2.2% |
| 20 | Illinois | 2.1% |
| 21 | Mississippi | 2.1% |
| 22 | Ohio | 2.0% |
| 23 | New Hampshire | 2.0% |
| 24 | Missouri | 1.9% |
| 25 | New Jersey | 1.7% |
Personal income per person, 2025 (2025)
Ohio ranks 37 of 51, highest first.
| Rank | Region | Personal income per person, 2025 |
|---|---|---|
| 34 | Delaware | $68,630 |
| 35 | Arizona | $68,373 |
| 36 | North Carolina | $68,274 |
| 37 | Ohio | $67,584 |
| 38 | Iowa | $67,321 |
| 39 | Michigan | $67,245 |
| 40 | Indiana | $66,455 |
Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) (2024)
Ohio ranks 34 of 51, highest first.
| Rank | Region | Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) |
|---|---|---|
| 31 | Louisiana | $56,789 |
| 32 | Nevada | $56,503 |
| 33 | North Carolina | $56,310 |
| 34 | Ohio | $56,232 |
| 35 | Rhode Island | $55,878 |
| 36 | Indiana | $55,562 |
| 37 | Oregon | $55,451 |
Median household income, 2024 (ACS) (2024)
Ohio ranks 40 of 51, highest first.
| Rank | Region | Median household income, 2024 (ACS) |
|---|---|---|
| 37 | North Carolina | $73,958 |
| 38 | Michigan | $72,389 |
| 39 | South Carolina | $72,350 |
| 40 | Ohio | $72,212 |
| 41 | Tennessee | $71,997 |
| 42 | Indiana | $71,959 |
| 43 | Missouri | $71,589 |
Regional price parity, 2024 (US = 100) (2024)
Ohio ranks 35 of 51, highest first.
| Rank | Region | Regional price parity, 2024 (US = 100) |
|---|---|---|
| 32 | Wisconsin | 94.1 |
| 33 | South Carolina | 93.7 |
| 34 | Indiana | 93.3 |
| 35 | Ohio | 92.8 |
| 36 | Wyoming | 92.7 |
| 37 | New Mexico | 92.2 |
| 38 | Tennessee | 91.9 |
Unemployment rate, September 2026 (seasonally adjusted) (September 2026)
Ohio ranks 35 of 51, highest first.
| Rank | Region | Unemployment rate, September 2026 (seasonally adjusted) |
|---|---|---|
| 32 | Rhode Island | 3.6% |
| 33 | Alabama | 3.5% |
| 34 | Utah | 3.5% |
| 35 | Ohio | 3.4% |
| 36 | North Carolina | 3.4% |
| 37 | Tennessee | 3.4% |
| 38 | Indiana | 3.4% |
Unemployment rate, 2025 annual average (2025)
Ohio ranks 11 of 51, highest first.
| Rank | Region | Unemployment rate, 2025 annual average |
|---|---|---|
| 8 | Washington | 4.7% |
| 9 | Alaska | 4.7% |
| 10 | Illinois | 4.6% |
| 11 | Ohio | 4.6% |
| 12 | Kentucky | 4.6% |
| 13 | Massachusetts | 4.5% |
| 14 | South Carolina | 4.5% |
Labor force participation rate, September 2026 (September 2026)
Ohio ranks 34 of 51, highest first.
| Rank | Region | Labor force participation rate, September 2026 |
|---|---|---|
| 31 | Montana | 61.4% |
| 32 | New York | 61.3% |
| 33 | Hawaii | 61.3% |
| 34 | Ohio | 61.2% |
| 35 | Georgia | 61.1% |
| 36 | Wyoming | 60.2% |
| 37 | Arizona | 59.7% |
Average annual pay, 2025 (QCEW) (2025)
Ohio ranks 29 of 51, highest first.
| Rank | Region | Average annual pay, 2025 (QCEW) |
|---|---|---|
| 26 | Tennessee | $70,409 |
| 27 | Nevada | $69,776 |
| 28 | Utah | $69,316 |
| 29 | Ohio | $68,298 |
| 30 | North Dakota | $67,580 |
| 31 | Vermont | $67,247 |
| 32 | Missouri | $66,459 |
Median annual wage, all occupations, May 2025 (OEWS) (May 2025)
Ohio ranks 27 of 51, highest first.
| Rank | Region | Median annual wage, all occupations, May 2025 (OEWS) |
|---|---|---|
| 24 | Utah | $50,110 |
| 25 | Arizona | $50,060 |
| 26 | Pennsylvania | $49,690 |
| 27 | Ohio | $49,380 |
| 28 | Michigan | $49,270 |
| 29 | Nebraska | $48,980 |
| 30 | Montana | $48,740 |
Median household income (2024)
Ohio ranks 40 of 51, highest first. Census Bureau SAIPE model estimates
| Rank | Region | Median household income |
|---|---|---|
| 37 | North Carolina | $74,055 |
| 38 | South Carolina | $72,507 |
| 39 | Michigan | $72,336 |
| 40 | Ohio | $72,259 |
| 41 | Tennessee | $72,007 |
| 42 | Indiana | $71,958 |
| 43 | Missouri | $71,583 |
Median gross rent (monthly) (2024)
Ohio ranks 38 of 51, highest first. Renter-occupied units paying cash rent
| Rank | Region | Median gross rent (monthly) |
|---|---|---|
| 35 | New Mexico | $1,117 |
| 36 | Indiana | $1,104 |
| 37 | Nebraska | $1,102 |
| 38 | Ohio | $1,090 |
| 39 | Kansas | $1,079 |
| 40 | Alabama | $1,077 |
| 41 | Missouri | $1,067 |
Median value of owner-occupied homes (2024)
Ohio ranks 42 of 51, highest first. Owner-reported value
| Rank | Region | Median value of owner-occupied homes |
|---|---|---|
| 39 | Missouri | $254,400 |
| 40 | Michigan | $254,200 |
| 41 | Indiana | $243,500 |
| 42 | Ohio | $239,800 |
| 43 | Kansas | $238,700 |
| 44 | Alabama | $233,300 |
| 45 | Iowa | $227,300 |
More on Ohio: overview · health · education and schools · poverty and living standards · government budget · the United States
Sources
- U.S. Census Bureau: Household Income in States and Metropolitan Areas: 2024 (ACSBR-025), Appendix Table 1: median household income and Gini index by state, 2023 and 2024 American Community Survey, read 23 October 2026 · saved copy (SHA-256 5de1b0d5ec46…)
- U.S. Bureau of Economic Analysis: SASUMMARY: State annual summary statistics: personal income, GDP, consumer spending, price indexes, and employment (updated 30 September 2026), read 23 October 2026 · saved copy (SHA-256 a3757d207c05…)
- U.S. Bureau of Economic Analysis: SAGDP: Annual GDP by state, 1997-2025 (table SAGDP2, GDP in current dollars by industry), read 23 October 2026 · saved copy (SHA-256 3d3c5bc7bd24…)
- U.S. Bureau of Economic Analysis: SQGDP: Quarterly GDP by state, 2005-2026 Q2 (table SQGDP11, percent change in real GDP at annual rate), read 23 October 2026 · saved copy (SHA-256 1649260cdceb…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, monthly, seasonally adjusted, read 23 October 2026 · saved copy (SHA-256 7bb6f18d4145…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, annual averages 1976-2025, read 23 October 2026 · saved copy (SHA-256 262aba7d00df…)
- U.S. Bureau of Labor Statistics: Occupational Employment and Wage Statistics, May 2025 state estimates (state_M2025_dl.xlsx), read 23 October 2026 · saved copy (SHA-256 74d5be0e1df8…)
- U.S. Bureau of Labor Statistics: Quarterly Census of Employment and Wages, 2025 annual averages, all industries (open data CSV slice), read 23 October 2026 · saved copy (SHA-256 5a5f89142aae…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median gross rent (B25064), read 23 October 2026 · saved copy (SHA-256 8624f9775add…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median value of owner-occupied homes (B25077), read 23 October 2026 · saved copy (SHA-256 27120d5d8a5f…)
- U.S. Census Bureau: Small Area Income and Poverty Estimates (SAIPE): 2024 poverty and median household income, states and counties, read 23 October 2026 · saved copy (SHA-256 cb52c47d75c1…)
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