Ohio

Income

According to the Bureau of Economic Analysis, in 2001, Ohio had a per capita personal income (PCPI) of $28,699 which ranked 26th in the United States (including the District of Columbia) and was 94% of the national average, $30,413. The 2001 PCPI reflected an increase of 2.0% from 2000 compared to the national change of 2.2%. In 2001, Ohio had a total personal income (TPI) of $326,876,143,000 which ranked 8th in the United States and accounted for 3.8% of the national total. The 2001 TPI reflected an increase of 2.3% from 2000 compared to the national change of 3.3%.

Earnings of persons employed in Ohio increased from $227,799,531,000 in 2000 to $230,606,619,000 in 2001, an increase of 1.2%. The largest industries in 2001 were services, 26.6% of earnings; durable goods manufacturing, 15.2%; and state and local government, 12.2%. Of the industries that accounted for at least 5% of earnings in 2001, the slowest growing from 2000 to 2001 was durable goods manufacturing, which decreased 6.8%; the fastest was finance, insurance, and real estate (7.3% of earnings in 2001), which increased 6.2%.

According to data released by the US Census Bureau, in 2000, the median household income was $43,894 compared to the national average of $42,148. In 2001, the median income for a family of four was $64,282 compared to the national average of $63,278. For the period 1999 to 2001, the average poverty rate was 10.8% which placed it 29th among the 50 states and the District of Columbia ranked lowest to highest.