51 Ohio Business Stats & Facts For 2025

Here are 51 business stats about Ohio for 2025.

Basics:

Population: 11,785,935 (US Census 2020)
Population desnity per square mile: 288.80
GDP: $872,748 (millions USD)
GDP Per Capita: $74,739
Median household income (in 2022 dollars): $66,990
Real GDP Growth Rate: 1.20%
Total Employment: 6.1m
Unemployment Rate: 3.7%

Rankings

% Share of National Economy: 3.19%
State Economic Growth Rank (out of 50): 7
Population Growth Rank (out of 50): 42
Business Growth Rank (out of 50): 40
State Growth Rank in Employment (out of 50): 26

Biggest Industries In Ohio By Revenue

1. Property, Casualty and Direct Insurance: $70.5b
2. Hospitals: $57.1b
3. Commercial Banking: $48.7b
4. Drug, Cosmetic & Toiletry Wholesaling: $47.3b
5. Health & Medical Insurance: $43.7b
6. New Car Dealers: $41.0b
7. Public Schools: $32.7b
8. Supermarkets & Grocery Stores: $32.4b
9. Life Insurance & Annuities: $30.4b
10. Gasoline & Petroleum Wholesaling: $28.3b

Biggest Employers In Ohio

1. Walmart Inc.: 55,258 (0.9%)
2. Cleveland Clinic Foundation: 52,648 (0.9%)
3. The Kroger Co.: 42,000 (0.7%)
4. Amazon.Com, Inc.: 41,000 (0.7%)
5. Ohio State University: 35,131 (0.6%)
6. Wright-Patterson Air Force Base: 32,514 (0.5%)
7. Bon Secours Mercy Health: 30,562 (0.5%)
8. University Hospitals Health System, Inc.: 30,250 (0.5%)
9. Ohiohealth Corporation: 30,079 (0.5%)
10. Jpmorgan Chase & Co.: 21,500 (0.4%)

Small Businesses In Ohio

Number of Small Businesses 989,435
Percent of bossiness that are small businesses: 99.60%
Number of employees: 2,200,000
Share of Employment: 43.80%
Number of New Businesses In The Past Year: 29,452
Number of Businesses That Closed In The Past Year: 23,132
Net Change In New Businesses: 6,320

Number of Businesses With No Employees: 810,769
Number of Businesses with 1-19 Employees: 152,860
Number of Businesses with 20-499 Employees: 25,806
Share of Businesses Owned By Women: 41.70%
Share of Businesses Owned By Veterans: 6.80%
Share of Hispanic Owned Businesses: 2.70%
Share of Businesses Owned By Racial Minorities: 13.70%

Fortune 500 Companies In Ohio

Number of Fortune 500 Headquaters: 24
Biggest Company: Cardinal Health
Biggest Company Type: Wholesalers: Health Care
Number of Employees: 46,035
Revenue (in millions): $181,364

Taxes In Ohio

State Corporate Tax Rate: N/A
State Corporate Tax Rate Brackets: N/A

State Sales Tax Rate: 5.75%
State Sales Tax Rank (out of 50): 27
Average Local Sales Tax Rate: 1.49%
Max Local Sales Tax Rate: 2.25%
Average Combined Sales Tax Rate: 7.24%
Combined Sales Tax Rank (out of 50): 21

Minimum State Income Tax Rate If You’re Single: 3.00%
Minimum State Income Tax Rate If You’re Married: 3.00%

General Ohio Population Facts

In civilian labor force, total, percent of population age 16 years+: 63.10%
In civilian labor force, female, percent of population age 16 years+: 58.90%
Share of population which is foreign born: 4.90%
Mean travel time to work (minutes), workers age 16 years+: 23.6

Housing

Number of Housing Units: 5,317,298
Owner-occupied housing unit rate: 66.80%
Median value of owner-occupied housing units: $183,300
Median gross rent per month: $945
Households with a computer: 92.80%
Households with a broadband Internet subscription: 87.60%

Education

High school graduate or higher, percent of persons age 25 years+: 91.40%
Bachelor’s degree or higher, percent of persons age 25 years+: 30.40%

Also See

• Ohio Registered Agent Services
• Ohio Secretary of State Business Search
• How To Form an LLC In Ohio
• Ohio Bookkeepers & Bookkeeping Services

Sources

• https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
• https://en.wikipedia.org/wiki/Economy_of_Ohio
• https://www.ibisworld.com/united-states/economic-profiles/ohio/
• https://taxfoundation.org/data/all/state/2024-sales-taxes/
• https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
• https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
• https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
• https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-OH.pdf
• https://www.bls.gov/eag/
• https://www.bls.gov/regions/midwest/ohio.htm#eag
• https://www.census.gov/quickfacts/fact/table/OH,US/PST045223
• https://www.50pros.com/fortune500