Salary & Cost of Living in Youngstown, OH
Youngstown, OH: $42,000 median salary, cost of living index 78, $10.65/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$42,000
$20/hr
Cost of Living
78
US avg = 100
Minimum Wage
$10.65
per hour
Unemployment
5.5%
rate
Youngstown, OH Overview
Population
60,068
Median Salary
$42,000
Average Salary
$47,000
Avg Commute
20 min
Median Home Price
$60,000
Median Rent
$650/mo
Job Growth
+0.2%
Sales Tax
8%
Youngstown is located in Ohio with a population of 60,068. The median household salary is $42,000 per year ($20/hour), which is $17,384 below the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +0.2%.
Youngstown Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Youngstown, OH, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$33,266
$2,772.13/month · $1,279.44/biweekly · Effective Rate: 20.8%
Gross Pay
$42,000
Federal Tax
-$3,002
State Tax
-$1,470
Local Tax
-$1,050
FICA
-$3,213
Net Pay
$33,266
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,500.00 | $42,000.00 |
| Federal Income Tax | -$250.13 | -$3,001.50 |
| Ohio State Tax (3.5%) | -$122.50 | -$1,470.00 |
| Local Tax (2.5%) | -$87.50 | -$1,050.00 |
| Social Security (6.2%) | -$217.00 | -$2,604.00 |
| Medicare (1.45%) | -$50.75 | -$609.00 |
| Net Take-Home Pay | $2,772.13 | $33,265.50 |
Salary Comparison: Youngstown vs Other Cities
See how Youngstown's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Youngstown, OH | $42,000 | 78 | $53,846 |
| National Average | $59,384 | 100 | $59,384 |
| Hialeah, FL | $42,000 | 110 | $38,182 |
| Reading, PA | $42,000 | 85 | $49,412 |
| Myrtle Beach, SC | $42,000 | 95 | $44,211 |
| Laredo, TX | $42,000 | 80 | $52,500 |
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 Youngstown
Youngstown's cost of living index is 78 (national average = 100). Living in Youngstown is 22% less expensive than the national average.
Median Home Price
$60,000
Median Monthly Rent
$650
Annual Rent Cost
$7,800
Your Salary's Purchasing Power
Your $33,266 annual take-home pay in Youngstown has the purchasing power of approximately $42,648 in an average-cost US area. Your $42,000 salary stretches further here than in most US cities.
Top Industries in Youngstown
Youngstown's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $42,000.
Salary Tips for Youngstown Workers
- Your salary goes further here. Youngstown has a cost of living 22% below the national average. A salary of $42,000 here has the purchasing power of about $53,846 in an average-cost area.
- Research top industries. Youngstown's top industries include Healthcare, Manufacturing, Education. Targeting roles in these sectors can help you earn above the $42,000 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 Youngstown, OH?
The median salary in Youngstown, OH is $42,000 per year, or $20 per hour. The average salary is $47,000. This is $17,384 below the national median of $59,384.
What is the cost of living in Youngstown, OH?
Youngstown's cost of living index is 78 (national average = 100), meaning it is 22% less expensive compared to the national average. The median home price is $60,000 and the median monthly rent is $650.
What are the best industries in Youngstown?
The top industries in Youngstown, OH include Healthcare, Manufacturing, Education. The city has a job growth rate of 0.2% and an unemployment rate of 5.5%. Workers in these industries often earn above the city's median salary of $42,000.
How does Youngstown's salary compare to other cities?
Youngstown's median salary of $42,000 is 29.3% below the national median of $59,384. However, when adjusted for cost of living (index: 78), the real purchasing power is approximately $53,846.
What is the minimum wage in Youngstown, OH?
The minimum wage in Youngstown, OH is $10.65 per hour. This equals approximately $22,152 per year for a full-time worker (40 hours/week). This is $3.40 above the federal minimum wage of $7.25/hour.