Financial Profile: Ohio
Financial landscape, tax rates, cost of living, and median income scoring for Ohio residents.
Ohio at a Glance
Avg Salary
$54,000
Cost of Living
90
Top Tax Rate
3.5%
Adjusted Income
$60,000
Monthly Take-Home
$3,624
Max Rent (30%)
$1,350
Financial Genome at Median Income
Scores calculated for someone earning $54,000/yr in Ohio with typical expenses.
PPI
53
C+
FPI
25
F
LRS
56
C+
REW
30
D
Living in Ohio: Financial Overview
Ohio has graduated rates from 0% to 3.5%. Many cities levy local income taxes of 1-3%.
- Low state tax rate
- Local taxes add 1-3%
- Affordable metro areas
Major Cities
Columbus, Cleveland, Cincinnati, Toledo
With a cost of living index of 90 (below the national average of 100), your dollar goes further in Ohio. A $60,000 salary here has the purchasing power equivalent of $66,666 in an average-cost area.
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