Where the
Grass Is Greener
Affordability, Opportunity
and Success in Ohio
Affordability, Opportunity
and Success in Ohio
The Great Resignation is driving job openings to a record high, and Americans are opening themselves up to new career opportunities like never before. The reshuffling of the national workforce creates an opportunity for business owners and founders to capture new talent that is switching jobs and even moving cross-country.
With inflation driving up prices across the country, Americans want to make sure every dollar of their salaries stretches as far as it can. As the world opens up, many Americans are rethinking where they want to set down roots for years to come.
One place professionals and business founders alike are considering is Ohio - not just for the affordability, but for the growth potential that awaits there.
Ohio - not just for the affordable lifestyle, but for the possibilities and growth potential that await there.
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Median home price in Cleveland is lower than in
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State income tax in Ohio
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Job Opportunities
In a job seeker’s market, potential hires can afford to be choosy. That means picking companies with a welcoming culture, a strong mission and competitive perks.
Ohio ranks tenth in the competitive labor environment, but don’t confuse competition with scarcity. Thanks to a business-friendly climate and economic development efforts from JobsOhio and other state agencies, more than 40 new companies, nearly 10,000 jobs, and over $600 million in payroll have come from coastal cities to Ohio in the last six years alone. That means there’s plenty of opportunity to go around.
Lots of states can say they support local economic growth, but it’s action and follow-through that make an impactful difference. For proof that Ohio truly invests in its people and their businesses, look no further than the Common Sense Initiative. This program “reviews business-impacting rules, helps businesses navigate regulatory obstacles, and leads initiatives to improve Ohio's regulatory climate” to aid in economic and job growth.
Question 1
How many colleges and universities do you think Ohio has?
Ohio has 14 four-year public universities with 24 branch campuses, 23 two-year community and technical colleges and 50 four-year private colleges and universities.
Ohio has 14 four-year public universities with 24 branch campuses, 23 two-year community and technical colleges and 50 four-year private colleges and universities.
Technology and engineering brands and startups continue to choose Ohio to innovate and grow, opening headquarters and branch offices. But, of course, these fields aren’t the only game in town.
The finance, insurance, real estate, rental and leasing sectors brought in more than $120 billion in 2021 alone, with manufacturing not far behind at over $107 billion. With growing companies in other industries, you may be surprised at how quickly you can go from job-seeking to hearing, “You’re hired!”
Quality of Life
Americans aren’t making cross-country moves just for their job. Living in supporting communities with a high quality of life can offer new Ohio residents a sense of belonging and peace that can’t be overvalued.
Question 2
How many new
businesses do you think were started in Ohio
in 2021?
Ohioans set a new annual record of businesses created in 2021, up 15% over the record set in 2020.
Ohioans set a new annual record of businesses created in 2021, up 15% over the record set in 2020.
Ohio’s cost of living is 7.5% lower than the national average. The state takes the top spot in affordability according to the U.S. News Opportunity Rankings.
With a higher median income and lower housing price when compared to similar states, it’s no surprise that Forbes recently ranked Ohio No. 2 for quality of life. After all, how many other states can say their residents’ personal income nearly doubled in the last 20 years?
In many metropolitan areas, the lack of quality, well-thought-out transportation can seriously hinder people’s day-to-day experience. Luckily, this isn’t the case in Ohio. With a convenient central location - within a day’s drive of more than 60% of the U.S. and Canada - and the fifth-largest interstate system in the country, the state’s department of transportation has continued planning, constructing, and improving its transportation system so residents and visitors can seamlessly go from A to B.
Question 3
True or False: Ohio ranks in the top 25 largest economies in the world.
Business Growth
Some of the nation’s fastest growing fields and jobs have a huge Ohio presence. The Midwestern state’s economy is ranked 7th in the U.S., 21st worldwide, with the third-largest manufacturing workforce in the country.
A sizable chunk of that growth can be attributed to all the opportunities given to business who chose to launch, relocate, or expand to the Buckeye State. JobsOhio has organized myriad loan and grant programs, tax credits, talent acquisition services and other incentives.
Whether you’re running a tech startup or excelling at one of the state’s 25 Fortune 500 companies headquartered here, business continues to boom in Ohio. Fast-growth industries range from energy and healthcare to aerospace & aviation.
Business continues to boom in Ohio.
The facts make it clear that Ohio is the jewel of the Midwest. Not only does the state provide boundless opportunity for personal and professional growth, but officials and planners have worked hard to create an environment for people and their businesses to evolve and thrive by having the proper supportive resources in place.
They say the grass is always greener on the other side - in Ohio, you can bloom exactly where you’re planted.
