Cost of Living in Toledo, Ohio
Toledo has a population of about 267,463. The median household income is $49,724, median gross rent is $901/month, and the median home value is $114,500. Below is how Toledo compares to the US.
Is Toledo expensive to live in?
Compared with the national median, rent in Toledo is 46% below the national median and home values are 69% below the national median. Household income here is 41% below the national median. Monthly rent represents roughly 22% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Toledo?
The median gross rent in Toledo, Ohio is $901 per month (US Census ACS).
What is the median home price in Toledo?
The median home value in Toledo is $114,500.
How much do people earn in Toledo?
The median household income in Toledo is $49,724 per year.
Data source: U.S. Census Bureau, 2024 American Community Survey (ACS) 5-Year Estimates. Last updated 2026-07-11.