Cost of living in Toledo, Ohio
Lucas County, OH
Population 428,748 · Last updated May 21, 2026
Cost breakdown
Single person, by category, per month.
Rent in Toledo
Fair Market Rents by bedroom count.
Source: HUD FMR FY2025
Income and earnings in Toledo
Annual earnings figures from the Census ACS.
Source: ACS 2019-2023 5-Year.
Home values in Toledo
Average values reported by homeowners.
Source: ACS 2019-2023 5-Year
Energy costs in Toledo
Estimated monthly electricity and gas costs.
Source: EIA
Healthcare in Toledo
Insurance premiums and coverage rates.
Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.
Taxes in Toledo
State and local tax rates for Ohio.
Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.
Transportation in Toledo
Commute patterns and estimated costs.
Source: ACS
Monthly cost estimates for Toledo
What it costs to live in Toledo each month.
- Rent $805
- Energy $194
- Water $50
- Groceries $320
- Transport $320
- Healthcare $480
- Federal tax $466
- State tax $29
- Rent $1,056
- Energy $233
- Water $60
- Groceries $530
- Transport $420
- Healthcare $864
- Federal tax $653
- State tax $78
- Rent $1,371
- Energy $291
- Water $70
- Groceries $805
- Transport $520
- Healthcare $1,350
- Childcare $1,200
- Federal tax $653
- State tax $78
Frequently asked questions about Toledo
Common questions about cost of living, rent and salary.
What is the average rent in Toledo?
In Toledo, Ohio, a one-bedroom apartment averages $805 per month, a two-bedroom averages $1,056 per month, a three-bedroom averages $1,371 per month, according to HUD Fair Market Rent data.
What is the average salary in Toledo?
In Toledo, Ohio, the average household income is $60,095 per year and individual earnings for full-time workers average $38,572 per year, according to U.S. Census Bureau data.
What is the cost of living in Toledo?
The estimated cost of living in Toledo, Ohio is approximately $2,664 per month for a single person, $3,894 for a couple, $6,338 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.
What is the sales tax rate in Toledo?
The combined sales tax rate in Toledo, Ohio is 7.24%, which includes the Ohio state rate of 5.75% plus an average local rate of 1.49%.
Is Toledo an affordable place to live?
Based on the data, a single person in Toledo, Ohio would need approximately $2,664 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $60,095 per year ($5,008 per month). Toledo has a moderate cost of living relative to local earnings.
How much does healthcare cost in Toledo?
The ACA marketplace benchmark premium in Toledo, Ohio is approximately $480 per month for an individual. Approximately 5.3% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.
What are house prices in Toledo?
The average home value in Toledo, Ohio is $155,200, with average annual property taxes of $2,710, according to U.S. Census Bureau data.
How does Toledo compare to other areas?
You can compare Toledo, Ohio with any other US county using our comparison tool at /compare. Toledo is in the Toledo, OH metro area.
Other counties in Ohio
Browse the full list of counties in Ohio, ranked by cost of living.
See all counties in OhioCompare Toledo with another area
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About this data
All figures on this page come from official U.S. government sources, listed below.
- HUD FMR FY2025
- ACS 2019-2023 5-Year
- EIA
- ACS + national avg
- ACS
- USDA + BEA RPP