Housing costs in Toledo?
A typical home costs
$105,800, which is 68.7% less expensive than the national average of
$338,100 and 46.3% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Toledo costs
$830 per month, which is 15.3% cheaper than the national average of
$980 and 9.6% cheaper than the state average of
$910.
Can I afford Toledo?
To live comfortably in Toledo (zip 43620), Ohio, a minimum annual income of
$20,160 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Toledo?
The cost of living in Toledo, OH (43620) is relatively low compared to other areas in the United States. The median home costs are around $119,000, making it one of the more affordable cities to live in. The average monthly rent for a single bedroom apartment is around $514 and groceries cost about 10% below the national average. Gasoline prices are also slightly lower than average, and transportation costs overall are quite affordable. Additionally, property taxes in Toledo are very reasonable when compared to similar metropolitan areas. In general, living in Toledo can be done quite cost-effectively if you take advantage of the city's inexpensive real estate market and relative affordability of goods and services.