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Cost of Living · Ohio

Toledo Cost of Living

Toledo, Ohio costs approximately 12.0% below the US national average. Compare with 99 other major US cities.

0.88×
cost-of-living index (1.00 = US national average)
Toledo ranks 4 of 4 cities in Ohio by cost of living.
Cities MORE expensive than Toledo (94)
San Francisco, CA
+64.8% more expensive
Oakland, CA
+53.4% more expensive
New York City, NY
+50.0% more expensive
Honolulu, HI
+47.7% more expensive
Irvine, CA
+47.7% more expensive
Los Angeles, CA
+38.6% more expensive
Boston, MA
+38.6% more expensive
San Diego, CA
+37.5% more expensive
Yonkers, NY
+36.4% more expensive
Anchorage, AK
+36.4% more expensive
Seattle, WA
+34.1% more expensive
Long Beach, CA
+34.1% more expensive
Anaheim, CA
+34.1% more expensive
Scottsdale, AZ
+34.1% more expensive
Chula Vista, CA
+30.7% more expensive
Miami, FL
+27.3% more expensive
Portland, OR
+25.0% more expensive
Newark, NJ
+25.0% more expensive
Sacramento, CA
+25.0% more expensive
Riverside, CA
+25.0% more expensive
Denver, CO
+22.7% more expensive
Chicago, IL
+19.3% more expensive
Austin, TX
+19.3% more expensive
Baltimore, MD
+19.3% more expensive
Stockton, CA
+19.3% more expensive
Aurora, CO
+19.3% more expensive
Hialeah, FL
+19.3% more expensive
Frisco, TX
+19.3% more expensive
Las Vegas, NV
+18.2% more expensive
Minneapolis, MN
+18.2% more expensive
Plano, TX
+18.2% more expensive
Chandler, AZ
+18.2% more expensive
Phoenix, AZ
+15.9% more expensive
Philadelphia, PA
+15.9% more expensive
Atlanta, GA
+15.9% more expensive
Tampa, FL
+15.9% more expensive
Henderson, NV
+15.9% more expensive
Reno, NV
+15.9% more expensive
Gilbert, AZ
+15.9% more expensive
Charleston, SC
+15.9% more expensive
Salt Lake City, UT
+15.9% more expensive
Orlando, FL
+14.8% more expensive
Wilmington, DE
+13.6% more expensive
Raleigh, NC
+13.6% more expensive
Virginia Beach, VA
+13.6% more expensive
St. Paul, MN
+13.6% more expensive
Chesapeake, VA
+13.6% more expensive
North Las Vegas, NV
+13.6% more expensive
Boise, ID
+13.6% more expensive
Fresno, CA
+13.6% more expensive
Worcester, MA
+13.6% more expensive
Dallas, TX
+12.5% more expensive
Nashville, TN
+12.5% more expensive
Colorado Springs, CO
+12.5% more expensive
Bakersfield, CA
+12.5% more expensive
St. Petersburg, FL
+12.5% more expensive
Madison, WI
+12.5% more expensive
Norfolk, VA
+11.4% more expensive
Jacksonville, FL
+10.2% more expensive
Charlotte, NC
+10.2% more expensive
Mesa, AZ
+10.2% more expensive
Houston, TX
+9.1% more expensive
Fort Worth, TX
+9.1% more expensive
Tucson, AZ
+9.1% more expensive
Glendale, AZ
+9.1% more expensive
Garland, TX
+9.1% more expensive
Spokane, WA
+9.1% more expensive
Pittsburgh, PA
+8.0% more expensive
Arlington, TX
+8.0% more expensive
Tallahassee, FL
+8.0% more expensive
Milwaukee, WI
+6.8% more expensive
Albuquerque, NM
+6.8% more expensive
New Orleans, LA
+6.8% more expensive
San Antonio, TX
+5.7% more expensive
Grand Rapids, MI
+5.7% more expensive
Columbus, OH
+4.5% more expensive
Detroit, MI
+4.5% more expensive
Cincinnati, OH
+4.5% more expensive
Kansas City, MO
+4.5% more expensive
Lexington, KY
+4.5% more expensive
Corpus Christi, TX
+4.5% more expensive
Buffalo, NY
+4.5% more expensive
Greensboro, NC
+4.5% more expensive
Knoxville, TN
+4.5% more expensive
El Paso, TX
+3.4% more expensive
Cleveland, OH
+3.4% more expensive
St. Louis, MO
+3.4% more expensive
Winston-Salem, NC
+3.4% more expensive
Indianapolis, IN
+2.3% more expensive
Louisville, KY
+2.3% more expensive
Omaha, NE
+2.3% more expensive
Memphis, TN
+1.1% more expensive
Oklahoma City, OK
+1.1% more expensive
Lincoln, NE
+1.1% more expensive
Cities CHEAPER than Toledo (3)
Wichita, KS
−2.3% cheaper
Fort Wayne, IN
−2.3% cheaper
Mobile, AL
−2.3% cheaper

What living in Toledo costs

Toledo runs at 0.88x the US national average — 94 of the 99 other metros tracked here cost more, 3 cost less. A one-bedroom goes for about $800 a month, or $9,600 a year, and the median home sits near $150,000.

Price-to-rent sits around 16 — the middle band where buying and renting are close enough that the decision turns on how long you will stay and what else you would do with the down payment.

Working and living here

Toledo is a metro of roughly 0.6M and roughly flat, running on manufacturing/automotive, healthcare, glass industry. Larger employers include ProMedica, Jeep/Stellantis (Toledo Assembly), Owens Corning.

Two tax details that change take-home here: Toledo levies a local income tax of about 2.75% on top of state and federal — roughly $2,750 a year on a $100,000 salary — and Ohio taxes income as well.

Getting around: Toledo is effectively car-dependent. Budget for a car — around $9,000 a year all-in once insurance, fuel, maintenance and parking are counted, a cost the index assumes but does not itemise.

Climate: Great Lakes continental climate with cold winters near 20°F lows and lake-effect snow, and warm humid summers with July highs near 84°F.

City of Toledo levies a 2.75% municipal income tax, and housing remains among the most affordable of any mid-size metro in this dataset.

Related tools

Paycheck calculator — take-home after federal, state and local tax. Salary calculator — pay by job and state. Compare against another metro.

Frequently Asked Questions

Is Toledo expensive to live in?▾
Relative to the US average, no — the cost index is 0.88x, above 3 and below 94 of the 99 other metros tracked here. A one-bedroom averages $800 a month and the median home $150,000.
What salary do you need to live comfortably in Toledo?▾
A common rule keeps rent under 30% of gross income, which at $800 a month implies about $32,000 a year for a one-bedroom, before accounting for the 2.75% local income tax. That is a floor rather than a comfortable figure — it leaves nothing for savings or the car this metro effectively requires.