States › Ohio › Toronto

Is Toronto, OH expensive to live in?

CheapRent takes 16 cents of every $1 people earn here.
🏠 Rent per month (2026)$82753% lower than U.S. average
💵 Families earn per year (2026)$60,366about $5,031/month · 31% lower than U.S. average
🔑 House price$108,80067% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $33,080 a year. That is $16 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 17 of 288 cities from cheapest to most expensive.

Toronto
$827
Johnstown
$1,868
Miami Heights
$1,576
Canal Fulton
$979
Chardon
$1,286
Delhi Hills
$1,703
Deer Park
$1,887

How much do households earn in Toronto?

Under $25k
20.1%
$25k–50k
22.1%
$50k–100k
33.2%
$100k–150k
11.5%
$150k+
3.6%

Share of households by yearly income. 15.1% of households earn $100,000 or more.

Rent by apartment size in Toronto

SizeTorontoU.S. average
2 bedrooms$864$1,509
3 bedrooms$952$1,698
4 bedrooms$1,231$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Toronto overall?

Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).

Housing
73
Goods (food, clothes…)
94
Utilities
96
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Toronto, so the Ohio figure is shown.

Taxes and bills in Toronto

🏛️ Property tax$1,048a year · 0.96% of home value · U.S. $3,119
⚡ Electric bill$126a month (typical) · U.S. $156

Life in Toronto

Commute to work20.3 minU.S.: 26.4 min
College degree19.4%U.S.: 35.7%
Own their home69.4%U.S.: 65.2%
Below poverty line15.2%U.S.: 12.5%
Unemployment2.9%U.S.: 5.2%

Is it cheaper to rent or buy in Toronto?

Buying is cheaper month to month: about $72 a month less than renting.

Renting
$827
Owning
$755

Owning assumes a typical $108,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $10,880 for the down payment.

Frequently asked questions

What is the average rent in Toronto, OH?

Renting in Toronto costs a median of about $827 a month in 2026, including utilities. The Ohio median is $1,261.

How much do I need to make to live in Toronto?

To keep rent under 30% of income, you need about $33,080 a year, or $16 an hour at a full-time job.

Is Toronto cheap or expensive?

Toronto is rated Cheap: rent takes 16.4% of the typical household income of $60,366. It ranks 17th cheapest of 288 Ohio cities we track.

How much are property taxes in Toronto?

The median homeowner in Toronto pays $1,048 a year in property taxes, about 0.96% of the median home value.

Is Toronto more expensive than the national average?

Overall prices in Ohio are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Toronto?

The median home value in Toronto is $108,800, about 1.8 times the typical yearly household income.

5,293 people live in Toronto. Numbers are typical (middle) values.