Housing costs in Toledo?
A typical home costs
$103,400, which is 69.4% less expensive than the national average of
$338,100 and 57.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Toledo costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 63.6% cheaper than the state average of
$1,260.
Can I afford Toledo?
To live comfortably in Toledo, Illinois, a minimum annual income of
$19,800 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Toledo?
Toledo, IL is known for its affordable cost of living. The overall cost of living index in Toledo is 10% lower than the U.S. average, making it an attractive place to live and work for many people. Housing costs in particular are quite low, with a median home value of just over $70,000 and monthly mortgage payments averaging around $600 per month. Additionally, utilities are relatively inexpensive compared to other areas of the country and groceries are priced similarly to the national average. All in all, Toledo is an ideal place to live if you’re looking for budget-friendly options without sacrificing too much when it comes to quality of life.