Toledo, OH Cost Of Living
Cost Of Living In Toledo, OH Summary
Cost of living in Toledo research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Toledo is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Ohio, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Toledo is 85, with 100 being the average.
The cost of living index in Toledo is 0.8x lower than the national average.
Toledo ranks as the #53 cheapest in Ohio out of 286.
Toledo ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Toledo is $87,400.
The median income in Toledo is $41,671.
Table Of Contents
Toledo's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Toledo, OH?
According to the most recent data on the cost of living, Toledo has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Ohio, Toledo has a cost of living index that's 0.9x lower than Ohio's index of 91.
The standard of living in Toledo ranks as #53 most affordable out of the 286 places we measured in Ohio. By definition, that implies Toledo ranks as the #233 most expensive place in the Buckeye State.
For more reading on life in Toledo, check out:
- Living In Toledo
- Toledo Crime Report
- Search Homes For Sale In Toledo, OH
In Ohio
In America
Toledo Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Toledo. Here is how it fairs on each of the criteria:
The Services index in Toledo is 99.
The Groceries index in Toledo is 98.
The Health index in Toledo is 96.
The Housing index in Toledo is 51.
The Transportation index in Toledo is 106.
The Utilities index in Toledo is 86.
| Living Expense | Toledo | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 85 | 91 | 100 | |
| Services | 99 | 98 | 100 | |
| Groceries | 98 | 101 | 100 | |
| Health | 96 | 95 | 100 | |
| Housing | 51 | 73 | 100 | |
| Transportation | 106 | 98 | 100 | |
| Utilities | 86 | 93 | 100 | |
Toledo, OH Housing Cost Breakdown
Housing swings affordability the most between places in Ohio, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Toledo is $87,400.
The Median Rent in Toledo is $781.
The Median Income in Toledo is $41,671.
The Home Value To Income in Toledo is 2.1x.
The Rent To Monthly Income in Toledo is 0.22x.
| Statistic | Toledo | Ohio | United States |
|---|---|---|---|
| Median Home Value | $87,400 | $159,900 | $244,900 |
| Median Rent | $781 | $870 | $1,163 |
| Median Income | $41,671 | $61,938 | $69,021 |
| Home Value To Income | 2.1x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Toledo, OH Costs By Category
Detailed Toledo Services Costs Vs. Ohio
Detailed Toledo Groceries Costs Vs. Ohio
Detailed Toledo Health Costs Vs. Ohio
Detailed Toledo Transportation Costs Vs. Ohio
Detailed Toledo Utilities Costs Vs. Ohio
Toledo SnackAbility
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Cost Of Living In Cities Around Toledo
The cost of living varies in the cities and towns around Toledo. Here's a quick look at the cost of living in the most populous nearby places:
Perrysburg, OH has a cost of living index of 99, 1.2x Toledo.
Oregon, OH has a cost of living index of 90, 1.1x Toledo.
Sylvania, OH has a cost of living index of 92, 1.1x Toledo.
| City | Population | Cost Of Living | Vs. Toledo |
|---|---|---|---|
| Perrysburg, OH | 24,633 | 99 | 1.2x |
| Oregon, OH | 19,935 | 90 | 1.1x |
| Sylvania, OH | 18,991 | 92 | 1.1x |
| Maumee, OH | 13,915 | 91 | 1.1x |
| Lambertville, MI | 10,049 | 94 | 1.1x |
| Temperance, MI | 8,866 | 97 | 1.1x |
| South Monroe, MI | 6,526 | 89 | 1.0x |
| Rossford, OH | 6,330 | 90 | 1.1x |
| Waterville, OH | 5,943 | 97 | 1.1x |
| Northwood, OH | 5,195 | 90 | 1.1x |
