Top Industries in Youngstown
Youngstown's economic fabric is woven with key industries that drive the city's employment and wage growth. Understanding these sectors helps uncover the average salary in Youngstown.
1. Manufacturing: Youngstown's manufacturing sector is robust, employing over 35,000 people. This includes sub-sectors like automotive, fabricated metal products, and machinery.
Automotive Manufacturing
Automotive manufacturing plants like General Motors contribute significantly to Youngstown's manufacturing strength. Job roles here range from assembly line workers to skilled trade professionals, with average salaries ranging from $40,000 to $70,000 annually.
2. Healthcare: Youngstown's healthcare services are crucial, with institutions like Mercy Health - Youngstown providing numerous job opportunities. Median salaries for healthcare roles typically fall between $45,000 and $75,000.
Nurses and Healthcare Professionals
Registered Nurses (RNs) form the backbone of Youngstown's healthcare system. On average, RNs in Youngstown earn around $55,000 to $70,000 per year. Other healthcare professionals, such as medical assistants and pharmacy technicians, make $35,000 to $50,000 annually.
Average Salary in Youngstown: Comparative Picture
Understanding the average salary in Youngstown requires comparing it to other cities in Ohio and the national average. According to the U.S. Bureau of Labor Statistics, the mean annual wage for all occupations in Youngstown was $47,160 in May 2020, slightly lower than the national average of $51,960.
Broken down by industries, the top-paying sectors in Youngstown include Utilities ($86,520), Pipeline Transportation ($83,350), and Information ($59,940), showcasing significant variances from the city's average salary.
Cost of Living Considerations
While the average salary in Youngstown might be lower than some other cities, so is the cost of living. According to Numbeo, consumer prices in Youngstown are nearly 15% lower than in Cleveland, offering a more affordable standard of living.
Similarly, the median home value in Youngstown, at around $50,000, is significantly lower than the national median, making housing more affordable. Thus, while the average Youngstown salary might not match other cities, the lower cost of living can help stretch those earnings further.
In Youngstown, the economy is diverse, with manufacturing and healthcare as key drivers. The average salary in Youngstown varies significantly by industry and role, with certain sectors offering competitive wages. Despite a slightly lower average salary compared to national figures, Youngstown's affordable cost of living makes it an attractive destination for those seeking a balanced lifestyle.
