Cost of Living in Toledo, OH
Toledo has a cost of living index of 80 (100 = national average), making it significantly more affordable than the national average. The median household income is $38,275 and the median home price is $125,000.
Compare Locations
Your current annual gross salary
Your current monthly rent or mortgage payment
Select two states and enter your salary to compare costs
Toledo at a Glance
Population
268,508
Cost of Living Index
80
Median Income
$38,275
Median Home Price
$125,000
Property Tax Rate
1.95%
Sales Tax Rate
7.25%
Rent Index
60
State
Ohio
Living in Toledo
Toledo offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $125,000 is well within reach for many families.
The combined sales tax rate in Toledo is 7.25%, and the effective property tax rate is 1.95%. Property taxes are above the national average, which is an important consideration for homebuyers.