Cost of Living
Ohio offers an affordable alternative to the coasts with better quality of life
Ohio is Good for Business
While there are many factors contributing to business owners’ decisions to relocate, the lower cost of doing business and lower cost of living in Ohio over the coasts are proving too good to pass up. Since 2016, over 40 new companies, nearly 10,000 jobs, and $625M in payroll have come to Ohio from the coasts.
Ohio’s Affordability
In Ohio, every dollar goes further without sacrificing quality. Ohio is the No. 1 most affordable state, according to the 2020 U.S. News rankings. The cost of living in Ohio’s significant cities is 42-70% lower than San Francisco and New York City. Ohio Ranks No. 3 in Moody’s Housing Affordability Index, which measures the combination of higher median income and lower housing price, providing a good quality of life (2020, Q3).
Entertainment & Excitement
A lower cost of living is a benefit on its own but knowing that in Ohio, you and your employees can still enjoy a vibrant lifestyle with festivals, live events, museums, cuisine, arts, and more is icing on the cake. Learn more about our Quality of Life.
Where We Stand
Fast facts on Ohio’s cost of living.
