Cost of Living in Toledo, Ohio
In Toledo, the median household income is $49,724 and the median gross rent is $901/mo, with a median home value of $114,500. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $49,724
- Median gross rent
- $901/mo
- Median home value
- $114,500
- Population
- 267,463
How Toledo compares to the Ohio average
| Measure | Toledo, OH | Ohio statewide | Difference |
|---|---|---|---|
| Median household income | $49,724 | $71,389 | -30.3% |
| Median gross rent (monthly) | $901 | $1,034 | -12.9% |
| Median home value | $114,500 | $214,800 | -46.7% |
Statewide, Ohio prices average 92.8 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Toledo
- Salary needed for median rent
- $36,040
- Rent burden at median income
- 21.7%
- Est. affordable home price
- $181,390
So that $901/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Toledo is $114,500 — within what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Ohio cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.