In 2023, the real gross domestic product (GDP) of Ohio was 698.22 billion U.S. dollars. This is a significant increase from the previous year, when the state's real GDP stood at 689.68 billion U.S. dollars.

Graph and download economic data for Gross Domestic Product: All Industries in Butler County, OH (GDPALL39017) from 2001 to 2023 about Butler County, OH; Cincinnati; OH; industry; GDP; and USA.

About this dataset

Context

The dataset presents median household incomes for various household sizes in Ohio City, OH, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.

Key observations

• Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, Ohio City did not include 5, 6, or 7-person households. Across the different household sizes in Ohio City the mean income is $63,486, and the standard deviation is $32,349. The coefficient of variation (CV) is 50.95%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
• In the most recent year, 2021, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $29,556. It then further increased to $56,441 for 4-person households, the largest household size for which the bureau reported a median household income.

https://i.neilsberg.com/ch/ohio-city-oh-median-household-income-by-household-size.jpeg" alt="Ohio City, OH median household income, by household size (in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Household Sizes:

• 1-person households
• 2-person households
• 3-person households
• 4-person households
• 5-person households
• 6-person households
• 7-or-more-person households

Variables / Data Columns

• Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific household size.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Ohio City median household income. You can refer the same here

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Ohio (MEDSQUFEEMMOH) from Jul 2017 to Feb 2025 about square feet, OH, median, and USA.

Graph and download economic data for Total Gross Domestic Product for Cincinnati, OH-KY-IN (MSA) (NGMP17140) from 2001 to 2023 about Cincinnati, OH, IN, KY, industry, GDP, and USA.

Graph and download economic data for Civilian Labor Force in Ohio (OHLF) from Jan 1976 to Dec 2024 about OH, civilian, labor force, labor, and USA.

Graph and download economic data for Civilian Labor Force in Knox County, OH (OHKNOX3LFN) from Jan 1990 to Dec 2024 about Knox County, OH; OH; civilian; labor force; labor; and USA.

Graph and download economic data for Civilian Labor Force in Toledo, OH (MSA) (TOLE739LFN) from Jan 1990 to Jan 2025 about Toledo, OH, civilian, labor force, labor, and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in Columbus, OH (CBSA) (MEDSQUFEE18140) from Jul 2016 to Feb 2025 about Columbus, square feet, OH, median, and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in Cincinnati, OH-KY-IN (CBSA) (MEDSQUFEE17140) from Jul 2016 to Feb 2025 about Cincinnati, square feet, OH, IN, KY, median, and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Lake County, OH (MEDSQUFEEYY39085) from Jul 2017 to Feb 2025 about Lake County, OH; Cleveland; square feet; OH; median; and USA.

About this dataset

Context

The dataset illustrates the median household income in Ohio, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2023, the median household income for Ohio increased by $3,145 (4.73%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 8 years and declined for 5 years.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 0223

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2023
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2023 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Ohio median household income. You can refer the same here

Graph and download economic data for Civilian Labor Force in Lucas County, OH (OHLUCA5LFN) from Jan 1990 to Jan 2025 about Lucas County, OH; Toledo; OH; civilian; labor force; labor; and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Licking County, OH (MEDSQUFEEMM39089) from Jul 2017 to Feb 2025 about Licking County, OH; Columbus; square feet; OH; median; and USA.

About this dataset

Context

The dataset presents median household incomes for various household sizes in Lorain County, OH, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.

Key observations

• Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, all of the household sizes were found in Lorain County. Across the different household sizes in Lorain County the mean income is $86,251, and the standard deviation is $26,444. The coefficient of variation (CV) is 30.66%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
• In the most recent year, 2021, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $34,154. It then further increased to $107,125 for 7-person households, the largest household size for which the bureau reported a median household income.

https://i.neilsberg.com/ch/lorain-county-oh-median-household-income-by-household-size.jpeg" alt="Lorain County, OH median household income, by household size (in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Household Sizes:

• 1-person households
• 2-person households
• 3-person households
• 4-person households
• 5-person households
• 6-person households
• 7-or-more-person households

Variables / Data Columns

• Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific household size.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Lorain County median household income. You can refer the same here

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Akron, OH (CBSA) (MEDSQUFEEYY10420) from Jul 2017 to Feb 2025 about Akron, square feet, OH, median, and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in Union County, OH (MEDSQUFEE39159) from Jul 2016 to Feb 2025 about Union County, OH; Columbus; square feet; OH; median; and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in Franklin County, OH (MEDSQUFEE39049) from Jul 2016 to Feb 2025 about Franklin County, OH; Columbus; square feet; OH; median; and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in Delaware County, OH (MEDSQUFEE39041) from Jul 2016 to Feb 2025 about Delaware County, OH; Columbus; square feet; OH; median; and USA.