Economic Development

Richland County supports job growth and wealth creation in a culturally diverse community. Richland Vital Signs seeks to provide decision makers and engaged citizens with the economic development data required to implement successful economic development strategies and support economic vitality.

Gross Domestic Product (GDP)

Gross Domestic Product (GDP) is one of the most comprehensive measurements of the total value of goods and services produced in Richland County. GDP by metropolitan area is calculated as the sum of the monetary value of goods and services sold by all the industries in the Mansfield Standard Metropolitan Statistical Area. The Mansfield Standard Metropolitan Area is equivalent to the geography covered by Richland County.

Data reported annually.

Target

2%

YOY Increase

Actual

0.30%

YOY Increase

Total Employment

Total employment is calculated using the average employment over the year in question and reported by private firms by the Census Bureau.

Data reported annually.

Target

2%

YOY Increase

Actual

0.73%

YOY Increase

Percent in Poverty

The percent in poverty states the number of individuals living below the poverty line as a percentage of the total population in the area. The poverty threshold is determined each year by the Census Bureau.

Data reported annually.

Target

2%

YOY Decrease

Actual

-0.70%

YOY Decrease

Median Home Sale Prices

Home sale price is calculated by dividing the sale price for a given property by the footage of the home sold. The median price per square foot in Richland County is reported here.

Data reported quarterly.

Target

2%

YOY Increase

Actual

7.9%

YOY Increase

Commercial Vacancy Rates

Commercial vacancy rates measure the percent of leasable and available commercial space within Richland County.

Data reported annually.

Target

.5%

YOY Decrease

Actual

1.5%

YOY Decrease

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Address

181 S Main St
Mansfield, OH 44902

Contact

P: (419) 525-3020
bgroves@rcfoundation.org

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