Everything else equal, we can all agree that living in a cheaper place is better than living in a more expensive place.
I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.
And while every neighbhorhood in Toledo might be more expensive than living in rural Ohio, there are certain neighborhoods that are definitely cheaper.
What exactly are those Toledo neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?
Instead of relying on public opinion and speculation, we wanted to get the facts straight and determine which neighborhoods in Toledo are the cheapest using Saturday Night Science.
What’s the cheapest neighborhood to live in Toledo for 2024? According to the most recent census data, East Toledo looks to be the cheapest Toledo neighborhood to live in.
At this point, we should make it clear that you do get what you pay for — some of these neighborhoods might not be the best places to live in Toledo. You could be sacrificing location or crime rates for more space and cheaper groceries.
Read on to see how we determined the places around Toledo that deserve a little bragging rights, or maybe you’re interested in the worst neighborhoods in Toledo.
For more Ohio reading, check out:
- Best Places To Live In Ohio
- Cheapest Places To Live In Ohio
- Cheapest Cities To Live In America
- Cheapest States To Live In America
Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Cheapest Neighborhoods To Live In Toledo For 2024
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Population: 21,142
Cost Of Living Index: 79 (7th cheapest)
Home Value To Income Ratio: 1.1 (cheapest)
Rent To Income Ratio: 0.021 (14th cheapest)
More on East Toledo: Data | Real Estate
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Population: 5,407
Cost Of Living Index: 83 (14th cheapest)
Home Value To Income Ratio: 1.5 (5th cheapest)
Rent To Income Ratio: 0.015 (5th cheapest)
More on North Towne: Data | Real Estate
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Population: 9,555
Cost Of Living Index: 83 (14th cheapest)
Home Value To Income Ratio: 1.7 (9th cheapest)
Rent To Income Ratio: 0.014 (2nd cheapest)
More on Point Place: Data | Real Estate
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Population: 18,002
Cost Of Living Index: 78 (4th cheapest)
Home Value To Income Ratio: 1.2 (2nd cheapest)
Rent To Income Ratio: 0.024 (20th cheapest)
More on South Side: Data | Real Estate
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Population: 3,412
Cost Of Living Index: 77 (2nd cheapest)
Home Value To Income Ratio: 1.4 (4th cheapest)
Rent To Income Ratio: 0.025 (2cheapest)
More on Birmingham: Data | Real Estate
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Population: 20,573
Cost Of Living Index: 82 (12th cheapest)
Home Value To Income Ratio: 1.5 (6th cheapest)
Rent To Income Ratio: 0.02 (13th cheapest)
More on Five Points: Data | Real Estate
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Population: 6,949
Cost Of Living Index: 77 (2nd cheapest)
Home Value To Income Ratio: 1.6 (8th cheapest)
Rent To Income Ratio: 0.026 (22nd cheapest)
More on North River: Data | Real Estate
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Population: 17,614
Cost Of Living Index: 85 (19th cheapest)
Home Value To Income Ratio: 1.5 (7th cheapest)
Rent To Income Ratio: 0.016 (7th cheapest)
More on Deveaux: Data | Real Estate
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Population: 9,310
Cost Of Living Index: 86 (2cheapest)
Home Value To Income Ratio: 1.8 (10th cheapest)
Rent To Income Ratio: 0.014 (3rd cheapest)
More on Beverly: Data | Real Estate
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Population: 13,489
Cost Of Living Index: 79 (7th cheapest)
Home Value To Income Ratio: 1.4 (3rd cheapest)
Rent To Income Ratio: 0.029 (24th cheapest)
More on La Grange: Data | Real Estate
Methodology: How We Determined The Cheapest Toledo Hoods In 2024
To rank the cheapest places to live in Toledo, we had to determine what criteria define “cheap” and then apply Saturday Night Science.
Using Census and extrapolated BLS data, we arrived at the following set of criteria:
- Overall Cost Of Living
- Rent To Income Ratio
- Median Home Value To Income Ratio
We then ranked each neighborhood with scores from 1 to 24 in each category, where 1 was the cheapest.
Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.
And finally, we crowned the neighborhood with the lowest cheapest neighborhood index, the “Cheapest City Neighborhood In Toledo.” We’re lookin’ at you, East Toledo.
We updated this article for 2024. This is our fourth time ranking the cheapest neighborhoods to live in Toledo. Skip to the end to see the list of all the neighborhoods in the city, from cheapest to most expensive.
Summary: Lowest Cost Places To Live In Toledo
If you’re measuring the neighborhoods in Toledo where prices are low, and it’s cheap to live, this is an accurate list.
The most affordable neighborhoods in Toledo are East Toledo, North Towne, Point Place, South Side, Birmingham, Five Points, North River, Deveaux, Beverly, and La Grange.
As mentioned earlier, the neighborhoods in Toledo aren’t all cheap. City Center takes the title of the most expensive neighborhood to live in Toledo.
The most expensive neighborhoods in Toledo are City Center, Southwyck, Scott Park, West Gate, and Warren Sherman.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Ohio reading, check out:
- Most Dangerous Cities In Ohio
- Richest Cities In Ohio
- Safest Places In Ohio
- Worst Places To Live In Ohio
Detailed List Of The Cheapest Neighborhoods To Live In Toledo For 2024
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | East Toledo | 79 |
| 2 | North Towne | 83 |
| 3 | Point Place | 83 |
| 4 | South Side | 78 |
| 5 | Birmingham | 77 |
| 6 | Five Points | 82 |
| 7 | North River | 77 |
| 8 | Deveaux | 85 |
| 9 | Beverly | 86 |
| 10 | La Grange | 79 |
| 11 | Glendale-Heather Downs | 85 |
| 12 | Franklin Park | 87 |
| 13 | Ottawa | 84 |
| 14 | Roosevelt | 78 |
| 15 | Reynolds Corners | 84 |
| 16 | Old West End | 80 |
| 17 | Olde Towne | 80 |
| 18 | Whitmer-Trilby | 85 |
| 19 | Onyx | 79 |
| 20 | Warren Sherman | 77 |
| 21 | West Gate | 90 |
| 22 | Scott Park | 81 |
| 23 | Southwyck | 88 |
| 24 | City Center | 82 |