Salary & Cost of Living in Marion, OH
Marion, OH: $43,150 median salary, cost of living index 84.8, $10.45/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$43,150
$21/hr
Cost of Living
84.8
US avg = 100
Minimum Wage
$10.45
per hour
Unemployment
3.9%
rate
Marion, OH Overview
Population
36,397
Median Salary
$43,150
Average Salary
$48,328
Avg Commute
18 min
Median Home Price
$156,000
Median Rent
$642/mo
Job Growth
+2%
Sales Tax
5.75%
Marion is located in Ohio with a population of 36,397. The median household salary is $43,150 per year ($21/hour), which is $16,234 below the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +2%.
Marion Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Marion, OH, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$34,729
$2,894.08/month · $1,335.73/biweekly · Effective Rate: 19.5%
Gross Pay
$43,150
Federal Tax
-$3,140
State Tax
-$1,510
Local Tax
-$470
FICA
-$3,301
Net Pay
$34,729
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,595.83 | $43,150.00 |
| Federal Income Tax | -$261.63 | -$3,139.50 |
| Ohio State Tax (3.5%) | -$125.85 | -$1,510.25 |
| Local Tax (1.09%) | -$39.19 | -$470.34 |
| Social Security (6.2%) | -$222.94 | -$2,675.30 |
| Medicare (1.45%) | -$52.14 | -$625.68 |
| Net Take-Home Pay | $2,894.08 | $34,728.94 |
Salary Comparison: Marion vs Other Cities
See how Marion's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Marion, OH | $43,150 | 84.8 | $50,884 |
| National Average | $59,384 | 100 | $59,384 |
| Fairborn, OH | $43,147 | 88.5 | $48,754 |
| Marrero, LA | $43,145 | 89.5 | $48,207 |
| Aventura, FL | $43,156 | 99.7 | $43,286 |
| Morristown, TN | $43,141 | 83.6 | $51,604 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Marion
Marion's cost of living index is 84.8 (national average = 100). Living in Marion is 15.200000000000003% less expensive than the national average.
Median Home Price
$156,000
Median Monthly Rent
$642
Annual Rent Cost
$7,704
Your Salary's Purchasing Power
Your $34,729 annual take-home pay in Marion has the purchasing power of approximately $40,954 in an average-cost US area. Your $43,150 salary stretches further here than in most US cities.
Top Industries in Marion
Marion's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $43,150.
Salary Tips for Marion Workers
- Your salary goes further here. Marion has a cost of living 15.200000000000003% below the national average. A salary of $43,150 here has the purchasing power of about $50,884 in an average-cost area.
- Research top industries. Marion's top industries include Manufacturing, Healthcare, Finance. Targeting roles in these sectors can help you earn above the $43,150 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Marion, OH?
The median salary in Marion, OH is $43,150 per year, or $21 per hour. The average salary is $48,328. This is $16,234 below the national median of $59,384.
What is the cost of living in Marion, OH?
Marion's cost of living index is 84.8 (national average = 100), meaning it is 15.200000000000003% less expensive compared to the national average. The median home price is $156,000 and the median monthly rent is $642.
What are the best industries in Marion?
The top industries in Marion, OH include Manufacturing, Healthcare, Finance. The city has a job growth rate of 2% and an unemployment rate of 3.9%. Workers in these industries often earn above the city's median salary of $43,150.
How does Marion's salary compare to other cities?
Marion's median salary of $43,150 is 27.3% below the national median of $59,384. However, when adjusted for cost of living (index: 84.8), the real purchasing power is approximately $50,884.
What is the minimum wage in Marion, OH?
The minimum wage in Marion, OH is $10.45 per hour. This equals approximately $21,736 per year for a full-time worker (40 hours/week). This is $3.20 above the federal minimum wage of $7.25/hour.