Cost of Living Comparison for Toledo, OH
Updated 2026 · Local data pre-filled
Toledo's cost of living index is 80 — 20% cheaper than the national average. This factors in housing, groceries, utilities, transportation, and healthcare. Use this calculator to see how your purchasing power would change if you moved to another city.
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How Toledo Compares to the National Average
Understanding how Toledo stacks up helps you calibrate your financial planning.
| Metric | Toledo, OH | US Average | Difference |
|---|---|---|---|
| Median Home Price | $145,000 | $420,800 | -65.5% |
| Median Monthly Rent | $733 | $1,713 | -57.2% |
| Median Household Income | $48,400 | $74,580 | -35.1% |
| Property Tax Rate | 1.60% | 1.10% | +45.5% |
| Cost of Living Index | 80 | 100 | -20.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Toledo Financial Snapshot
- Population (Metro)
- 620,000
- Unemployment
- 5.8%
- Avg Commute
- 21 min
- Median Age
- 36.8
- Price-to-Rent Ratio
- 16.5x
- Annual Property Tax
- $2,320
Cost of Living Comparison in Other Ohio Cities
Frequently Asked Questions — Toledo
What is the median home price in Toledo, OH?
The median home price in Toledo is $145,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Toledo?
Median monthly rent in Toledo is $733. That works out to $8,796/year, or 18% of the median household income — within the commonly recommended 30% of income guideline.
Is Toledo affordable?
Toledo's cost of living index is 80 vs. the national average of 100. With a median household income of $48,400/year and a median home price of $145,000, the price-to-income ratio is 3.0x. Toledo remains relatively affordable compared to many US metros.
What is the property tax rate in Toledo?
The effective property tax rate in Toledo is 1.60% of assessed value. On the median home of $145,000, that's roughly $2,320/year ($193/month).