- 297,332 employers
- 5.40 million employees
- $973 average weekly wage
- The average weekly wage is 11.6% below the national average
- The cost of living is 7.2% below the national average
Types of Employers (Private Sector vs. Government Agency)
As an employer in Ohio, you are most likely to be running a private company rather than a government agency. 95.2% of employers run private companies in the state, 1.8% lower than the national average. The remaining 4.8% of employers are government agencies: 0.6% of employers are federal agencies, 0.4% are state agencies and 3.8% are local government agencies. The chart below illustrates this breakout.
86.7% of employees work for a private company. This is 1.5% higher than the national average of 85.2%. Local government agencies employ 9.4% of the workers in the state, state government agencies employ 2.4% of the workers and the federal government employs 1.5%. The percentage of employees working for a government agency (13.3%) is 1.5% lower than the national average.
The average pay in the state is $973, which is 11.6% lower than the national average of $1,101. Ohio workers that are employed by private businesses earn $961 per week, 12.6% lower than the national average for private company employees. Employees of federal government agencies in Ohio earn $1,510 per week, a premium of 57.1% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.
Leading Sectors & Industries
The sector with the greatest number of businesses in the state is Retail trade with 12.5% of the businesses in the state. Professional services (11.7%) and Healthcare (11.0%) round out the top 3 sectors. The sector that employs the greatest number of workers is Healthcare which employs 17.3% of all workers, followed by Manufacturing and Retail trade which account for 14.9% and 12.0% of private company employees. The table below illustrates the number of businesses by sector:
|Professional and technical services||33,127||11.7%|
|Health care and social assistance||31,229||11.0%|
|Accommodation and food services||24,505||8.7%|
|Other services, except public administration||23,534||8.3%|
|Administrative and waste services||17,918||6.3%|
|Finance and insurance||17,509||6.2%|
|Real estate and rental and leasing||11,265||4.0%|
|Transportation and warehousing||8,658||3.1%|
|Arts, entertainment, and recreation||4,002||1.4%|
|Management of companies and enterprises||2,187||0.8%|
|Agriculture, forestry, fishing and hunting||1,609||0.6%|
|Mining, quarrying, and oil and gas extraction||860||0.3%|
The table below lists the sectors with the greatest number of employees:
|Health care and social assistance||808,545||17.3%|
|Accommodation and food services||484,855||10.3%|
|Administrative and waste services||327,931||7.0%|
|Professional and technical services||262,791||5.6%|
|Finance and insurance||227,200||4.8%|
|Transportation and warehousing||198,813||4.2%|
|Other services, except public administration||156,658||3.3%|
|Management of companies and enterprises||140,746||3.0%|
|Arts, entertainment, and recreation||81,790||1.7%|
|Real estate and rental and leasing||64,148||1.4%|
|Agriculture, forestry, fishing and hunting||16,665||0.4%|
|Mining, quarrying, and oil and gas extraction||11,860||0.3%|
The table below is ordered by the average weekly wage for each sector:
|Management of companies and enterprises||$2,096|
|Finance and insurance||$1,534|
|Professional and technical services||$1,453|
|Mining, quarrying, and oil and gas extraction||$1,409|
|Transportation and warehousing||$974|
|Real estate and rental and leasing||$934|
|Health care and social assistance||$915|
|Agriculture, forestry, fishing and hunting||$680|
|Administrative and waste services||$679|
|Arts, entertainment, and recreation||$667|
|Other services, except public administration||$654|
|Accommodation and food services||$325|
Each broad sector is made up of specific industries. In Ohio the industry with the most businesses is Restaurants and other eating places (with 19,167 businesses employing 411,702 workers). The next two industries are Computer systems design and related services and Offices of physicians. Here are the industries with the most businesses in the state:
|Detailed Industry||# Biz||Emp/Biz|
|Restaurants and other eating places||19,167||21.5|
|Computer systems design and related services||8,707||7.2|
|Offices of physicians||6,878||13.7|
|Wholesale trade agents and brokers||5,618||3.0|
|Insurance agencies and brokerages||5,259||5.3|
|Management consulting services||4,922||6.1|
Restaurants and other eating places is the industry that employs the most workers, employing a total of 411,702 people in 19,167 businesses. On average, these employees are paid $311, 68.0% less than the state average. There are 21.5 employees on average in each of these businesses. The next largest employing industry is General medical and surgical hospitals.
|Detailed Industry||# Emp||Emp/Biz|
|Restaurants and other eating places||411,702||21.5|
|General medical and surgical hospitals||243,916||1,103.7|
|Management of companies and enterprises||140,746||64.4|
|Temporary help services||119,832||55.5|
|Offices of physicians||94,096||13.7|
|Nursing care facilities, skilled nursing||93,701||87.5|
The industry that pays the most (on an average weekly basis) is Investment banking and securities dealing. There are 3,423 employees working in 324 businesses. The next best paying industries are Spectator sports and Open-end investment funds.
|Detailed Industry||Wkly Wage|
|Investment banking and securities dealing||$4,171|
|Open-end investment funds||$3,293|
The solopreneur company, has the most businesses in Ohio. 53.9% of all businesses in the state have fewer than 5 employees. The 266,157 small businesses in the state represent 94.5% of all private businesses. The national average is 97.4%. (Small businesses have fewer than 50 employees.) The pie chart below illustrates the ratio of business sizes.
The largest companies in the state represent 11.2% of all employees, which is 0.2% higher than the national average of 11.0%. Smallest companies also employ a lower percentage of the states workforce than the largest companies. The solopreneur (those that employ fewer than 5) companies employ 5.1% of all workers, which is 2.1% lower than the national average of 7.3%. All small companies, those employing fewer than 50 people, represent 40.4% of the labor force in the state, 3.3% less than the national average of 43.6%.
Ohio workers in every size business are paid less than the national average. The smallest companies in Ohio (those with fewer than 5 employees) pay workers 0.2% less than the national average ($973 per week as compared to the national average of $975 per week. The largest companies in Ohio (those with more than 1,000 employees) pay 27.2% workers below the national average ($1,480 per week as compared to the national average of $1,882 per week.
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.