Living in Toledo, Iowa
Cost of living, income, home prices, rent and demographics of Toledo · Census data 2020–2024
Toledo has 1,966 residents with a median age of 40.8. The median household income is $53,333 (29% lower than the Iowa median), the median home value is $118,400, the median rent is $887/month.
Toledo at a glance
- Population
- 1,966
- Median age
- 40.8State: 38.6
- Median household income
- $53,333State: $75,059
- Median home value
- $118,400State: $208,000
- Median rent
- $887/moState: $972
- Homeowners
- 60.5%
- Bachelor's degree or higher
- 20.2%
- Average commute
- 22 min
Is Toledo a good place to live?
Pros: Home values 43% lower than the state median.
Cons: Median household income 29% lower than the Iowa median; an average commute of 22 minutes; unemployment of 6.7%; a poverty rate of 22.2%.
The weather is best in June to September.
Cost of living in Toledo
Housing is the biggest part of the cost of living. In Toledo the median home value is $118,400, 64% lower than the U.S. median. Renters pay a median of $887 per month, which is 28.8% of household income. Homeowners with a mortgage pay $1,127 a month in housing costs.
Toledo median household income
The median household income in Toledo is $53,333 and the income per person is $30,696. 22.2% of residents live below the poverty line (Iowa: 11.1%).
Housing in Toledo: homes for sale and rent
- Housing units
- 1,044
- Owner-occupied
- 60.5%
- Renter-occupied
- 39.5%
- Vacant
- 18.6%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.12
Toledo demographics
- Population
- 1,966
- Median age
- 40.8
- Under 18
- 18.9%
- 65 and older
- 20%
- Households
- 850
- Foreign-born
- 1.9%
- Veterans
- 10.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Toledo ›
Education in Toledo
20.2% of adults 25 and older in Toledo have a bachelor's degree or higher (Iowa: 31.4%), and 3.7% have a graduate or professional degree.
Jobs and commute in Toledo
- Unemployment rate
- 6.7%State: 3.6%
- Average commute
- 22 minState: 20 min
- Work from home
- 0.1%
- Drive alone
- 85.6%
- Public transit
- 0%
- Walk to work
- 1.7%
- Homes with broadband
- 86.4%
Toledo vs nearby towns
More for people moving to Toledo
Toledo ZIP code ›Weather and climate ›Living in Toledo: FAQ
What is the median household income in Toledo, IA?
The median household income in Toledo is $53,333, 29% lower than the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Toledo?
The median home value in Toledo is $118,400, compared with $208,000 in Iowa.
How much is rent in Toledo?
The median gross rent in Toledo is $887 per month, about 28.8% of household income.
Is Toledo, IA a good place to live?
Pluses: home values 43% lower than the state median. Minuses: median household income 29% lower than the Iowa median; an average commute of 22 minutes; unemployment of 6.7%; a poverty rate of 22.2%.
What is the median age in Toledo?
The median age in Toledo is 40.8 years (Iowa: 38.6).
How long is the commute in Toledo?
The average commute to work in Toledo is 22 minutes; 0.1% of workers work from home.
What is the unemployment rate in Toledo?
The unemployment rate in Toledo is 6.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Toledo?
20.2% of adults in Toledo have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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