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. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Toledo expensive to live in?
Compared with the national median in this dataset, 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 in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Toledo?
The median owner-occupied home value in Toledo is $114,500 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Toledo?
The median household income in Toledo is $49,724 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.