Why is everyone moving to Columbus Ohio?
Columbus has a low cost of living and a diverse job market. According to the cost of living index at Area Vibes, Columbus, Ohio, is a solid 10% less expensive than the national average. In categories like healthcare, housing, and utilities, Columbus is significantly cheaper than the national average.
The low cost of living, endless business potential, integrated transportation infrastructure and world-class educational resources make Ohio an ideal destination for achieving success.
THE COLUMBUS ECONOMY
The Columbus Region has a diversified economy where no single major industry represents more than 18 percent of employment. Finance and insurance, advanced manufacturing, health, logistics and other industries are complemented by the presence of The Ohio State University and the state capital.
Columbus renters need to make over $75,000 a year – over $25,000 more than the city's median income.
What is the most valuable company in Ohio? According to Statista, Cardinal Health was the largest publicly traded company with headquarters in Ohio in 2021. Cardinal Health topped the list with 152.92 billion dollars in revenue.
Manufacturing is the largest of Ohio's major sectors, based on GDP. Major sectors and their contributions to Ohio's economy are presented in the chart above. Roughly 54 percent of the state's manufacturing output consists of durable goods.
| Rank | Employer | Number of Ohio employees |
|---|---|---|
| 1 | Cleveland Clinic Health System | 50,825 |
| 2 | Kroger | 45,340 |
| 3 | Ohio State University | 34,470 |
| 4 | Mercy Health Partners | 31,500 |
The Job Industry in Ohio
Job-related reasons were the number one factor bringing people to Ohio in 2020. The state ranked number 10 on CNBC's “Top States for Business 2021” list. With a lower unemployment rate, the state boasts ample job opportunity.
Columbus among fastest-growing metropolitan areas as smaller Ohio areas shrink. COLUMBUS (WCMH) – Columbus is one of the nation's fastest-growing large metropolitan areas and the fastest in the Midwest, according to the latest population estimates released by the U.S. Census Bureau this week.
Why is Columbus Ohio growing so fast?
While the city boasts both the statehouse and the third-largest public university in the nation by enrollment, experts attribute its population growth to more than just that — namely its growing economy, affordable housing and expanding city limits.
Ohio is ranked No. 5 in the nation for headquarters of Fortune 500 companies, with Columbus home to the most in the state.
- Famous Ohio Foods – Buckeye Candy.
- Goetta Sausage.
- Ohio's Cheese Coneys.
- Tony Packo's Hungarian Hot Dogs.
- Skyline's Cincinnati Chili.
- Cleveland's Polish Boy.
- NORKA Soda.
- Fried Lake Perch.
Industries. Ohio's two largest industries by percentage of GDP are manufacturing and financial activities, respectively. By employment, Ohio's largest sector is trade/transportation/utilities, followed by the health care and education sector, the government sector, and the manufacturing sector.
Upper Arlington is the most expensive suburb in Ohio, according to a list posted Sunday in Travel + Leisure magazine. Homes in the Columbus suburb had a median sale price in March of $543,950, the article said.
The safest neighborhoods include Harrison West, Victorian Village, Clintonville, Far North, and the Brewery District, which are approximately 90% safer than other Ohio cities, according to UpgradedHome.com. Top suburbs include Bexley, Dublin, Upper Arlington, Powell and Grandview Heights.
- The Thurmanator at The Thurman Cafe. ...
- The Bahama Mama at Schmidt's Sausage Haus. ...
- Turtle Soup and the Old Mohawk. ...
- $1 Grilled Cheese Mondays at Bodega. ...
- Saganaki at The Happy Greek. ...
- Northstar Burger at Northstar Cafe. ...
- Al Pastor Tacos at Los Gauchos.
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $85,245 | $41 |
| 75th Percentile | $47,664 | $23 |
| Average | $45,599 | $22 |
| 25th Percentile | $27,040 | $13 |
A good salary in Columbus, OH is anything over $39,000. That's because the median income in Columbus is $39,000, which means if you earn more than that you're earning more than 50% of the people living in Columbus. The average salary in Columbus is $46,233. A good hourly wage in Columbus is $18.75 per hour.
Ohio is 8.5% cheaper than Florida.
What are the pros and cons of living in Columbus Ohio?
- Pro #1: Friendly People. Columbus residents are fine examples of the stereotypical friendly Midwesterner. ...
- Pro #3: LGBTQ+ Inclusion. ...
- Pro #5: Cost Of Living. ...
- Pro #8: Other Activities. ...
- Pro #10: Plenty of Culture and Art. ...
- Con #2: Driving. ...
- Con #4: Higher Taxes.
In short, the advantages of living in Columbus, Ohio, are beyond measure. Featuring a robust job market, lower than average home and living costs, countless entertainment options, and green options galore, the Columbus Region is vibrant and booming.
Quality of Life: Is Columbus, Ohio a Nice Place to Live? Columbus presents a diverse array of opportunities for its residents, offering a wide range of sports, arts and cultural events, appealing neighborhoods, and more. As one reviewer on Niche.com writes, “Almost anyone can find something they enjoy here to do.”
Columbus is teeming with art, music, theater, museums and culture. Thanks to the sprawling Ohio State University and many businesses, it's also home to a bustling and energetic workforce. Locals know how to have fun, too.
