salaryToledo is the 4th-largest city in Ohio that we track, with 267,463 residents. Rent is lower than in 88% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 19.8 minutes.
How much money do I need?
To rent here comfortably, you should earn about $39,760 a year. That is $19 an hour at a full-time job.
Is rent cheaper than other Ohio cities?
Yes. Rent here is cheaper than in most of Ohio. It is number 51 of 288 cities from cheapest to most expensive.
Compare Toledo with other big cities
Compare Toledo to 149 other cities →
How much do households earn in Toledo?
Share of households by yearly income. 11.1% of households earn $100,000 or more.
Rent by apartment size in Toledo
| Size | Toledo | U.S. average |
|---|---|---|
| Studio | $724 | $1,338 |
| 1 bedroom | $740 | $1,324 |
| 2 bedrooms | $1,028 | $1,509 |
| 3 bedrooms | $1,234 | $1,698 |
| 4 bedrooms | $1,292 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Toledo overall?
Everyday prices in the Toledo metro area are 9% below the U.S. average (index 91.5, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Toledo
Life in Toledo
What jobs pay in Toledo
| Job | Median pay | Rent / pay |
|---|---|---|
| Pharmacist | $134,010 | 8.9% |
| Physician Assistant | $131,730 | 9.1% |
| Nurse Practitioner | $121,780 | 9.8% |
| Lawyer | $113,920 | 10.5% |
| Software Developer | $104,360 | 11.4% |
| Civil Engineer | $96,300 | 12.4% |
| Operations Manager | $95,120 | 12.5% |
| Computer Systems Analyst | $91,950 | 13.0% |
| Registered Nurse | $81,050 | 14.7% |
| Accountant | $77,400 | 15.4% |
| Dental Hygienist | $76,580 | 15.6% |
| Electrician | $74,710 | 16.0% |
| Police Officer | $73,650 | 16.2% |
| Plumber | $66,920 | 17.8% |
| Elementary School Teacher | $63,250 | 18.9% |
| Market Research Analyst | $62,950 | 18.9% |
| HVAC Technician | $62,460 | 19.1% |
| Licensed Practical Nurse | $62,280 | 19.2% |
| Carpenter | $61,070 | 19.5% |
| Firefighter | $60,590 | 19.7% |
| Truck Driver | $60,410 | 19.7% |
| Medical Assistant | $44,120 | 27.0% |
| Customer Service Representative | $42,970 | 27.8% |
| Warehouse Worker | $42,640 | 28.0% |
| Nursing Assistant | $39,700 | 30.0% |
| Server (Waiter/Waitress) | $36,140 | 33.0% |
| Restaurant Cook | $35,560 | 33.5% |
| Retail Salesperson | $30,780 | 38.8% |
| Cashier | $29,270 | 40.8% |
Is it cheaper to rent or buy in Toledo?
Buying is cheaper month to month: about $200 a month less than renting.
Owning assumes a typical $114,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $11,450 for the down payment.
Frequently asked questions
What is the average rent in Toledo, OH?
Renting in Toledo costs a median of about $994 a month in 2026, including utilities. The Ohio median is $1,261.
How much do I need to make to live in Toledo?
To keep rent under 30% of income, you need about $39,760 a year, or $19 an hour at a full-time job.
Is Toledo cheap or expensive?
Toledo is rated OK: rent takes 22.2% of the typical household income of $53,627. It ranks 51st cheapest of 288 Ohio cities we track.
How much are property taxes in Toledo?
The median homeowner in Toledo pays $1,849 a year in property taxes, about 1.61% of the median home value.
Is Toledo more expensive than the national average?
Overall prices in the metro area are 9% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Toledo?
The median home value in Toledo is $114,500, about 2.1 times the typical yearly household income.
267,463 people live in Toledo. Numbers are typical (middle) values.