Happy Birthday Ohio!

On this day, March 1st, 218 years ago, Ohio became the 17th state to be admitted to the Union. In order to celebrate this occasion, we are sharing with you facts from our organization and our website, Data-Z, about the state of Ohio.

According to our Annual Financial State of the States Report, Ohio was fairly average in terms of financial health and ranked 26th out of the 50 states and scored 81/100 on our report on Financial Transparency for the 50 states. This state received a ‘D’ grade because it has a Taxpayer Burden of $5,800. This means that Ohio finished last year with a debt burden of $23.8 billion which equates to $5,800 for every state taxpayer. Ohio’s large level of debt is largely a result of unfunded pension benefits which make up $855 billion of state-level debt across the U.S.

Ohio has a lower than average per capita real GDP which was at $52,644 in 2019 and a higher than average poverty rate, which is 12 percent. All of these indicators show that Ohio has struggled financially over the past few years.

You can learn more about Ohio and make your own charts using Data-Z. And we at Truth in Accounting wish Ohio a very happy 218th birthday!