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Oct 25, 2024 · The federal minimum wage is $7.25 per hour while Ohio's state law sets the minimum wage rate at $10.45 per hour in 2024. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. View future changes in the minimum wage in your location by visiting Minimum Wage Values in Ohio.
- Cincinnati, Ohio
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- Cleveland, Ohio
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- Toledo, Ohio
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- Columbus, Ohio
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- Lorain, Ohio
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- Lakewood, Ohio
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- Cuyahoga Falls, Ohio
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- Middletown, Ohio
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- Cincinnati, Ohio
Oct 10, 2024 · Wisconsin. $1979. Wyoming. $1775. The cost of living in Ohio is $1914, which is 1.16 times less expensive than the average in the United States. Ohio ranked 45th most expensive and 23rd best state to live in the United States. The average salary after taxes in Ohio is $3724, which is enough to cover living expenses for 1.9 months.
Feb 28, 2024 · Another significant factor impacting the cost of living in Ohio United States is taxation, and Ohio residents benefit from tax rates that are lower than the national average. Ohio's state individual income tax brackets start at 0% for annual incomes up to $26,050, with the highest rate being 3.75% for incomes over $115,300.
The average cost of living for a family of four in Ohio is $71,179, which is below the national average of $74,747. Groceries and health care tend to be slightly cheaper than the national average while housing costs are nearly 10% lower than the rest of the country. Transportation costs are also quite reasonable when you consider that Ohio ...
- Ohio gets a BestPlaces Cost of Living index of 82.7, which means the total cost of housing, food, child care, transportation, health care, taxes, a...
- Is it expensive to live in Ohio?.
- To live comfortably in Ohio, a minimum annual income of $37,800 for a family, and $31,200 for a single person is recommended.
Oct 4, 2024 · Ohio's living cost is 11% lower than the national average. As of March 2023, the average home value in Ohio is estimated to be around $205,800. The average monthly utilities cost in Ohio is around $472. Ohio’s state income tax operates on a progressive system, ranging between 0% and 3.990%. Speak to a financial advisor about getting and ...
The cost of living in Ohio is 7% lower than the national average. Housing is 19% lower than the national average, while utilities are 2% lower. When it comes to basic necessities such as food and clothing, groceries are around 4% lower than in the rest of the country, while clothing costs 4% lower. Healthcare services such as doctor check-ups ...
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May 2, 2024 · Living in Ohio is relatively inexpensive in comparison to other popular states across the country. In Columbus, Ohio, rent averages $1,048 for a one bedroom apartment. Transportation costs in Ohio amount to $5,356 a year. Food costs $4,010 a year on average for a single resident of Ohio.
