Economy of Ohio - Personal Income

Personal Income

Further information: Ohio locations by per capita income

Ohio was #8 in the U.S. for personal income earned in 2005, at $373 billion. The average income for the top 5% in the state was $174,026 in 2008. Over two decades, the bottom 20% average income bracket increased 11.6% to $18,337, while the middle 20% increased by 8.9% to $49,051.

According to the Bureau of Labor Statistics in 2008, the average annual salary for Ohioans was $39,820. The highest paid professionals in the state were concentrated in the medical fields. Anesthesiologists, with average annual income of $211,060, were the highest paid, followed by oral and maxillofacial surgeons at $206,670, surgeons at $206,570, orthodontists at $200,770, obstetricians and gynecologists at $186,740, physicians at $170,730, and dentists at $165,400. Average annual income for other selected professionals include airline pilots at $121,330, computer and information research scientists at $99,730, physicists at $98,150, chief executives at $159,730, financial managers at $109,740, aerospace engineers at $94,530, biomedical engineers at $72,150, art directors at $83,110, police officers at $49,890, chefs at $43,230, housekeepers at $19,450, construction laborers at $37,600, steel workers at $50,690, and elevator repairmen at $70,270

The state of Ohio's residents have an overall $35,511 per capita personal income as of 2009, up from $33,338 in 2006.

Incomes vary by county. The median family income in Cuyahoga County is $54,506, where the Cleveland Clinic is the single largest employer. Cleveland also has emerging biotechnology and financial concentrations. It is also worthwhile to note that while some cities in Ohio have declining populations, the overall growth in per capita income in Ohio increased by 4.6% from 2005 to 2006.