Ohio’s median household income is growing, but less than U.S. average
Ohioans grew marginally wealthier over the last five years, but income growth still lagged behind the national average.
The big picture: The second half of the last decade was the final stretch of the longest expansion in the history of U.S. business cycles.
The intrigue: Ohio, along with its neighboring Midwest and Eastern states, didn’t have a single county experience a decrease in median income.
Zoom in: Franklin County saw an above-average increase of 19%, from $52,000 to $62,000.
- Nearby Union County had the biggest leap of 31%, from $67,000 to $89,000.
Zoom out: The nation’s median household income rose 7% from $60,904 in 2015 to $64,994 in 2020.
- The growth coincides with a rise in educational attainment levels and significant drop in poverty levels nationwide.
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