Cost of Living in Toledo, OH
Population: 268,461 • 2026 Data
$47,532
Median Household Income
-39% vs national
$880
Median Monthly Rent
-35% vs national
$107,000
Median Home Value
-68% vs national
8.4%
Unemployment Rate
Housing in Toledo
The median home value in Toledo, OH is $107,000. Monthly rent for a typical unit averages $880, while total monthly housing costs (including utilities and insurance) average $856.
Rent-to-income ratio: 22.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Toledo, OH is $47,532. The unemployment rate stands at 8.4%, with a labor force of 131,971 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.