Living in Toledo, Ohio
Cost of living, income, home prices, rent and demographics of Toledo · Census data 2020–2024
Toledo has 267,463 residents with a median age of 35.8. The median household income is $49,724 (30% lower than the Ohio median), the median home value is $114,500, the median rent is $901/month.
Toledo at a glance
- Population
- 267,463
- Median age
- 35.8State: 39.7
- Median household income
- $49,724State: $71,389
- Median home value
- $114,500State: $214,800
- Median rent
- $901/moState: $1,034
- Homeowners
- 53.3%
- Bachelor's degree or higher
- 21.9%
- Average commute
- 20 min
Is Toledo a good place to live?
Pros: Home values 47% lower than the state median; an average commute of 20 minutes.
Cons: Median household income 30% lower than the Ohio median; unemployment of 7.7%; a poverty rate of 24.3%.
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 $114,500, 66% lower than the U.S. median. Renters pay a median of $901 per month, which is 28.4% of household income. Homeowners with a mortgage pay $1,156 a month in housing costs.
Toledo median household income
The median household income in Toledo is $49,724 and the income per person is $28,642. 24.3% of residents live below the poverty line (Ohio: 13.3%).
Housing in Toledo: homes for sale and rent
- Housing units
- 132,728
- Owner-occupied
- 53.3%
- Renter-occupied
- 46.7%
- Vacant
- 10.6%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 2.21
Toledo demographics
- Population
- 267,463
- Median age
- 35.8
- Under 18
- 22.8%
- 65 and older
- 15.6%
- Households
- 118,662
- Foreign-born
- 3.6%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Toledo ›
Education in Toledo
21.9% of adults 25 and older in Toledo have a bachelor's degree or higher (Ohio: 31.5%), and 7.5% have a graduate or professional degree.
Jobs and commute in Toledo
- Unemployment rate
- 7.7%State: 4.8%
- Average commute
- 20 minState: 23 min
- Work from home
- 6.9%
- Drive alone
- 77.6%
- Public transit
- 1.1%
- Walk to work
- 2%
- Homes with broadband
- 87.2%
Toledo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Toledo | 267,463 | $49,724 | $114,500 | $901 |
| Ottawa Hills | 4,798 | $167,917 | $314,900 | $1,731 |
| Lambertville | 9,955 | $102,521 | $256,400 | $1,248 |
| Rossford | 6,323 | $71,199 | $174,900 | $898 |
| Northwood | 5,193 | $77,268 | $183,100 | $965 |
| Holland | 1,438 | $64,868 | $256,000 | $833 |
| Temperance | 8,914 | $81,503 | $250,100 | $1,321 |
| Walbridge | 3,034 | $55,469 | $137,600 | $1,037 |
| Harbor View | 110 | $72,083 | $105,000 | $638 |
More for people moving to Toledo
Toledo ZIP code ›Weather and climate ›Living in Toledo: FAQ
What is the median household income in Toledo, OH?
The median household income in Toledo is $49,724, 30% lower than the Ohio median of $71,389 (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 $114,500, compared with $214,800 in Ohio.
How much is rent in Toledo?
The median gross rent in Toledo is $901 per month, about 28.4% of household income.
Is Toledo, OH a good place to live?
Pluses: home values 47% lower than the state median; an average commute of 20 minutes. Minuses: median household income 30% lower than the Ohio median; unemployment of 7.7%; a poverty rate of 24.3%.
What is the median age in Toledo?
The median age in Toledo is 35.8 years (Ohio: 39.7).
How long is the commute in Toledo?
The average commute to work in Toledo is 20 minutes; 6.9% of workers work from home.
What is the unemployment rate in Toledo?
The unemployment rate in Toledo is 7.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Toledo?
21.9% 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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