Toledo, OH Metro Area is a great place to settle down. With a 2 bedroom rent rate of $910, it is much cheaper than the US average of $1,430. Additionally, the Grocery Cost Index in Toledo is 93 versus 100 in the US, making groceries even more affordable. The city's low cost of living is attractive for individuals and families alike. There are many local companies such as Owens Corning, ProMedica Health System and Libbey Inc. that offer employment opportunities to residents of the metro area. People can also find plenty of education and entertainment options in this vibrant city.
Toledo Metro Area has an unemployment rate of 5.5%. The US average is 6.0%.
Toledo Metro Area has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Toledo Metro Area
- The Sales Tax Rate for Toledo Metro Area is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Toledo Metro Area is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Toledo Metro Area
- The average income of a Toledo Metro Area resident is $25,312 a year. The US average is $28,555 a year.
- The Median household income of a Toledo Metro Area resident is $57,312 a year. The US average is $69,021 a year.