Comprehensive salary data, cost of living, tax rates, and employment information for Ohio.
Reviewed by Alexander O.M., MBA, BSc Engineering•Updated
Ohio's $65,720 median household income is below the national average, but the state's 90 cost-of-living index means dollars stretch further here than in most states east of the Mississippi. Ohio completed a multi-year tax reform in 2023 and 2024 that collapsed the income tax into a top marginal rate of 3.5%, with the first $26,050 of taxable income exempted entirely — one of the more generous exemption thresholds in the country. The economy is a story of two recoveries. Legacy manufacturing (auto assembly around Lordstown, steel in Youngstown) has stabilised after a brutal 2000s and 2010s. Meanwhile Columbus and Cincinnati have become unlikely boom markets, driven in part by Intel's $20B semiconductor fab investment in Licking County and a fintech cluster around JPMorgan Chase's second-largest campus. Healthcare is the state's single largest employer cluster, anchored by the Cleveland Clinic — consistently ranked among the world's top hospitals and Ohio's largest private employer. The $10.45/hour minimum wage is adjusted annually for inflation under a 2006 constitutional amendment, with a lower $3.93 tipped wage. Property taxes run around the national median. Wage, cost-of-living, and industry data follow.
Median Individual
$34,310
per year
Median Household
$65,720
per year
Cost of Living
90
Affordable (US avg = 100)
State Income Tax
0-3.5%
rate
Salary Overview for Ohio
The median individual income in Ohio is $34,310 per year, while the mean (average) individual income is $44,960. The median household income is $65,720.
Cost of Living Adjusted Salary
Ohio's cost of living index is 90 (national average = 100). This means the median salary of $34,310 in Ohio has the purchasing power of approximately $38,122 at the national average cost of living. Your dollar goes further in Ohio than in most states.
Minimum Wage in Ohio
The current minimum wage in Ohio is $10.45/hour, which equals approximately $21,736 per year for a full-time worker (40 hours/week, 52 weeks). See our complete Ohio minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in Ohio
Cleveland Clinic
Ohio State University
Nationwide
Major Industries in Ohio
Healthcare
Manufacturing
Finance
Tax Rates in Ohio
See the full tax breakdown including income tax, sales tax, property tax, and more on our Ohio tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in Ohio after federal and state taxes.