Forbes Announces Best of Business rankings!Posted On: November 21, 2016
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- Population: 11,620,400
- Governor: John Kasich
- Median Household Income: $51,075
- Job Growth (2016): 1.4%
- Cost of Doing Business: 3.2% below nat’l avg
- College Attainment: 26.8%
- Net Migration (2015): -10,600
- Moody’s Bond Rating: Aa1
Ohio has moved up the Best States rankings in five straight years from a low of 38 in 2011 to No. 11 this year. Credit lower business costs and a dramatically improved economy. Five-year economic growth was second worst in the U.S. in 2011 and now is ninth best. Ohio ranks No. 1 in Forbes quality of life metric thanks to low living costs, short commutes and a plethora of top-rate colleges and cultural and recreational opportunities. Manufacturing and financial services account for the largest sectors of Ohio’s $608 billion gross state product. The state is home to 50 of the 1,000 largest public and private companies in the U.S.—fifth most of any state. Some Ohio-based companies include Procter & Gamble, Kroger and Macy’s.