The Cost of Living in Ohio 2023 for Working Families

Ohio: A Great Place to Live and Work

Cost of Living and Affordable Housing

Ohio is a beautiful state located in the Midwestern region of the United States. Many families choose to move to Ohio because of the low cost of living, affordable housing, and great schools. It’s a great place to raise a family without breaking the bank.

The average cost of living in Ohio for a family of four with both parents working is around $60,000 – $80,000 annually. This includes the cost of housing, transportation, food, healthcare, and taxes. Of course, this can vary depending on where in Ohio you live and your personal lifestyle choices.

One of the biggest expenses for a family in Ohio is housing. The median home price in Ohio is around $165,000, which is significantly less than the national median home price of $330,000. This means that families can find affordable housing options that won’t break the bank. Renting is also an option, with the average monthly rent for a two-bedroom apartment in Ohio being around $850.

Childcare and Education Opportunities

Another major expense for families is childcare. The average cost of daycare for one child in Ohio is around $1,100 per month. This can add up quickly with two kids, making it a significant expense for families.

However, Ohio offers a range of options for families to save money on childcare. The state offers a childcare subsidy program for low-income families, as well as tax credits for working families who pay for childcare services. Additionally, many Ohio businesses offer on-site daycare services, making it easier for parents to balance work and family responsibilities.

Ohio is also a great place for families because of the quality of schools. The state has a range of public and private schools, as well as excellent universities and colleges. The state also offers a range of educational opportunities for students, including online schooling programs, vocational schools, and apprenticeships.

Economic Opportunities and Job Market

Ohio is a Midwestern state known for its diverse economy, ranging from manufacturing and healthcare to education and technology. With a population of over 11 million people, Ohio is home to several major cities like Cleveland, Columbus, and Cincinnati. If you’re considering a career in Ohio, it’s important to understand the earning potential for different occupations and how they compare to the cost of living.

According to recent salary data, the top paying jobs in Ohio are in management, with an average annual salary of $116,896. General and operations managers come in second, with an average salary of $114,462.40, followed closely by sales managers, who earn an average of $145,974.40 per year.

Marketing managers are also well-compensated in Ohio, with an average annual salary of $141,564.80. These professionals are responsible for developing and implementing marketing strategies to promote products or services. Among their duties are conducting market research, analyzing consumer behavior, and overseeing advertising campaigns.

Ohio’s manufacturing industry is also a major contributor to the state’s economy, with several high-paying jobs in this field. For instance, industrial production managers earn an average annual salary of $107,416. These professionals oversee the production process in factories and are responsible for ensuring quality control, managing budgets, and coordinating with other departments like engineering and maintenance.

While these salaries are impressive, it’s important to consider the cost of living in Ohio as well. According to a recent study, Ohio’s cost of living is slightly below the national average. Housing costs are particularly affordable, with the median home value in the state at around $155,000.

A Perfect Blend of Work and Life

Overall, Ohio offers a good balance of high-paying jobs and affordable living. Whether you’re interested in management, marketing, or manufacturing, there are plenty of opportunities to build a successful career in this Midwestern state.

Ohio is not only economically attractive but also boasts family-friendly attractions, such as amusement parks, museums, and parks. With its friendly communities, beautiful landscapes, and strong economic opportunities, Ohio is a great place to call home.

This content was created by Our team derives unique insights by analyzing contemporary data from trusted sources such as the Bureau of Labor Statistics, Redfin, MIT Living Wage, among others. Should you choose to utilize this data, we kindly request that you provide a link back to our resource.