What Salary Do You Need to Live in Toledo, OH?

To live comfortably in Toledo, a household needs to earn roughly $40,000/year. That's about $3,333/month before taxes.

The Number: $40,000/year

At $40,000 per year, a household in Toledo can afford median-priced rental housing at roughly 28% of gross income.

This is based on Toledo's median monthly rent of $908 and the 28% housing guideline. Source: Census ACS 2024.

Toledo at a Glance

Median rent$908/mo
Median home price$122,600
Median household income$50,562
State income taxUp to 3.5%
Sales tax7.25%

Sources: Census ACS 2024, Tax Foundation.

For Single Residents

A single person can live comfortably in Toledo on roughly $25,000/year. That's about $2,083/month before taxes.

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Note: Salary estimates are based on the 28% housing guideline applied to median rents from Census ACS 2024. Individual circumstances vary. Full disclaimer.

Salary Questions About Toledo

The median monthly rent is $908. Using the 30% guideline, you need about $36,000/year to afford this comfortably.

The median home price is $122,600. With a 20% down payment, you would need roughly $24,520 saved and a household income to support the mortgage payments.

The median household income is $50,562/year. Our recommended salary of $40,000/year is near the median, reflecting a comfortable (not extravagant) standard of living.