At a glance: Ohio Ohio is the 7th most populous state in the U.S., with 11,785,935 residents across its 44,825 square miles, according to the U.S. Census Bureau. The state ranked No. 7 for business in 2024 by CNBC. Ohio is known for its simplified tax structure, diversified industrial base, robust supply chain, central location, multi-modal transportation and logistics infrastructure. Manufacturing remains a key part of the state’s economy. Energy Ohio ranks No. 10 among states for most energy production, with its leading production sources being natural gas, nuclear, and crude oil, according to the U.S. Energy Information Administration. Ohio ranks No. 23 for most energy consumption. The leading energy sources consumed by Ohioans is natural gas, motor gasoline, and coal. Ohio’s residential electricity rate is $0.158/kWh, cheaper than the national average. Commercial electricity rate is also cheaper; commercial users pay a rate of $0.1075/kWh, compared to the national average commercial rate of $0.1259/kWh. Industrial users pay $0.0703/kWh, below the national average industrial electricity rate of $0.0804/kWh. Ohioans’ residential natural gas price is $13.67 per thousand cubic feet, below the national average of $14.75, according to the most recently available data from the U.S. Energy Information Administration. Environment Annual carbon emissions decreased 28.8 percent since 1970, while the state’s population soared 20 percent during the same span. The population is projected to decrease by 5.7 percent, to 11.1 million residents, by 2050. The federal government lists 29 species in Ohio as threatened or endangered.
