Toledo, OH is a great place to live and work. According to recent data, the average two bedroom rent in Toledo is $860 per month, significantly lower than the national average of $1,430. This makes it an attractive city for those looking to save on housing costs. The Grocery Cost Index for Toledo is also very favorable; at 88 versus 100 in the US, residents can save money on food costs. \nLocal companies that are based out of Toledo include The Andersons Inc., Owens Corning, Libbey Inc., HCR ManorCare, and ProMedica Health System. These businesses offer great opportunities for employment and have contributed greatly to the local economy. With such affordable costs of living, combined with numerous job opportunities available around town, Toledo is a great place to call home.
Toledo (zip 43608) has an unemployment rate of 6.7%. The US average is 6.0%.
Toledo (zip 43608) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 22.1%, which is lower than the US average of 33.5%.
Tax Rates for Toledo (zip 43608)
- The Sales Tax Rate for Toledo (zip 43608) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Toledo (zip 43608) 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 (zip 43608)
- The average income of a Toledo (zip 43608) resident is $15,430 a year. The US average is $37,638 a year.
- The Median household income of a Toledo (zip 43608) resident is $27,516 a year. The US average is $69,021 a year.