This section gives information on Ohio's economic indicators, such as poverty rates, income levels and unemployment rates. These provide important context on how Ohioans are faring financially, and how that may impact their ability to afford housing.
Section Highlights
- In 2018 the median household income in Ohio was a little over $56,000 per year. Adjusted for inflation, the median has grown steadily since 2011 and is now above pre-recession levels (2007).
- The poverty rate in Ohio fell from 2011 to 2018. The percentage of households living below the federal poverty level was highest in the urban cores of Ohio's cities; more than double the state average (30% compared to 14%).
- In 2018 Black Ohioans were nearly three times likelier to live in poverty than white Ohioans (29% versus 11%). However this poverty gap (18 points) is the smallest it's been since 2006, having steadily fallen since peaking in 2012.
- Ohio's children are more likely than adults to live in poverty; 19% of children under 18 and 22% of children under 5 are living in households below the federal poverty level, compared to 14% overall.
- By the end of 2019, the unemployment rate in Ohio had dropped to its lowest level (4%) since 2001, having peaked at 11% at the height of the Great Recession.
Jump to: Household Income | Poverty | Child Poverty | Labor Force Participation Rate | Unemployment Rate
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Household Income
Household Income Distribution by Tenure
Source: IPUMS USA, University of Minnesota (based on 2018 data)
Median Household Income
Source: Small Area Income and Poverty Estimates (SAIPE), U.S. Census Bureau
Income Gap Ratio, 80th & 20th Percentiles
Source: American Community Survey (ACS) One-Year Estimates, Table B19080
Income Gap Ratio, White & Black Householders
Source: American Community Survey (ACS) One-Year Estimates, Tables B19013A & B19013B
Median Household Income
Source: 2018 Small Area Income and Poverty Estimates (SAIPE), U.S. Census Bureau
Change in Median Household Income
Source: Small Area Income and Poverty Estimates (SAIPE), U.S. Census Bureau
Income Gap Ratio, 80th & 20th Percentiles
Source: 2014–2018 American Community Survey (ACS) Five-Year Estimates, 2018 ACS One-Year Estimates, Table B19080
Poverty
Poverty Rates for the United States & Ohio
Source: Small Area Income and Poverty Estimates (SAIPE), U.S. Census Bureau
Poverty Rate Gap, Black & White
Source: American Community Survey (ACS) One-Year Estimates, Tables B17001A and B17001B
Poverty Rate by Region
Source: 2018 Small Area Income and Poverty Estimates (SAIPE), U.S. Census Bureau
Poverty Rate
Source: 2018 Small Area Income and Poverty Estimates (SAIPE), U.S. Census Bureau
Poverty Rate by Typology
Source: 2014–2018 American Community Survey (ACS) Five-Year Estimates, Table B17001; 2018 Small Area Income and Poverty Estimates (SAIPE), U.S. Census Bureau
Poverty Rate Gap, Black & White, by Region
Source: 2014–2018 American Community Survey (ACS) Five-Year Estimates, 2018 ACS One-Year Estimates, Tables B17001A and B17001B
Poverty Rate Gap, Black & White
Source: 2014–2018 American Community Survey (ACS) Five-Year Estimates, 2018 ACS One-Year Estimates, Tables B17001A and B17001B
Liquid Asset Poverty Rate
Source: 2020 Prosperity Now Scorecard (based on 2010–2014 data)
Child Poverty
Child Poverty Rates for the U.S. & Ohio by Age
Source: Small Area Income and Poverty Estimates (SAIPE), U.S. Census Bureau
Child Poverty Rate by Region
Source: 2018 Small Area Income and Poverty Estimates (SAIPE), U.S. Census Bureau
Child Poverty Rate
Source: 2018 Small Area Income and Poverty Estimates (SAIPE), U.S. Census Bureau
Child Poverty Rate by Age & Typology
Source: 2014–2018 American Community Survey (ACS) Five-Year Estimates, Table B17001; 2018 Small Area Income and Poverty Estimates (SAIPE), U.S. Census Bureau
Labor Force Participation Rate
Monthly Labor Force Participation Rate, U.S. & Ohio
Source: Local Area Unemployment Estimates, U.S. Bureau of Labor Statistics
Labor Force Participation Rate by Region
Source: Local Area Unemployment Estimates, U.S. Bureau of Labor Statistics (based on 2019 annual averages); 2014–2018 American Community Survey (ACS) Five-Year Estimates, Tables S1810 & S1811
Labor Force Participation Rate
Source: Local Area Unemployment Estimates, U.S. Bureau of Labor Statistics; 2014–2018 American Community Survey (ACS) Five-Year Estimates, Tables S1810 & S1811
Unemployment Rate
Monthly Unemployment Rates for the U.S. & Ohio
Source: Local Area Unemployment Estimates, U.S. Bureau of Labor Statistics
Unemployment Rate by Region
Source: Local Area Unemployment Estimates, U.S. Bureau of Labor Statistics (based on 2019 annual averages)
Unemployment Rate
Source: Local Area Unemployment Estimates, U.S. Bureau of Labor Statistics (based on 2019 annual averages)
Downloadable Tables
- Income and Labor Tables (97 KB Excel File)
Related Reports
- Fiscal Year 2019 Housing Needs Assessment (20.21 MB Adobe PDF File)
- Ohio Housing Finance Agency 2019 Annual Report (7.86 MB Adobe PDF File)
Notes
Inflationary adjustments are based on the Consumer Price Index for All Urban Consumers (CPI-U), from the U.S. Bureau of Labor Statistics, for "all items less shelter."
Poverty status can only be determined for individuals in households and therefore the denominator excludes individuals living in group quarters such as college dormitories, correctional facilities and nursing homes.
Poverty rates and gaps are suppressed in counties in which the estimated Black population for whom poverty can be determined is less than 100.
The liquid asset poverty rate is the share of households without sufficient liquid assets to subsist at the federal poverty level for three months in the absence of income. Liquid assets are assets than can be readily turned into cash, such as interest earnings held in banks, commodities, foreign currencies, and equity in stocks, bonds, mutual funds, IRA, Keogh, 401(k) and other savings accounts. Assets that cannot be readily turned into cash, such as real estate, vehicles and art collections, are considered non-liquid assets.
Ohio Regions are defined by the Ohio Development Services Agency at the county level.
Typologies are defined at the census tract level in the OHFA 2018–2019 USR Opportunity Index by the Kirwan Institute for the Study of Race and Ethnicity at The Ohio State University. They are based on a combination of road network density, housing density, population density and age of housing.
Data Sources
- Ohio Development Services Agency, TourismOhio, Ohio Regions
- Ohio State University, Kirwan Institute for the Study of Race and Ethnicity, OHFA USR Opportunity Index
- Prosperity Now, Prosperity Now Scorecard
- U.S. Department of Commerce, Bureau of the Census, American Community Survey (ACS)
- U.S. Department of Commerce, Bureau of the Census, Small Area Income and Poverty Estimates
- U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Index
- U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics
- University of Minnesota, IPUMS USA