Toledo, Ohio has an average 2 bedroom rent of $830, which is significantly lower than the national average of $1,430. Furthermore, it has a grocery cost index of 89 versus 100 in the US. This makes living in Toledo comparatively quite affordable. There are many local companies that make Toledo an attractive place to live and work such as Owens Corning, The Andersons Inc., Libbey Inc., Owens Illinois, and Dana Holding Corporation. These companies have strong roots in the city and employ thousands of locals. Therefore, Toledo's combination of low rents and strong corporate presence makes it an ideal destination for potential residents.
Toledo (zip 43610) has an unemployment rate of 6.7%. The US average is 6.0%.
Toledo (zip 43610) has seen the job market decrease by -6.8% 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 43610)
- The Sales Tax Rate for Toledo (zip 43610) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Toledo (zip 43610) 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 43610)
- The average income of a Toledo (zip 43610) resident is $18,139 a year. The US average is $37,638 a year.
- The Median household income of a Toledo (zip 43610) resident is $35,179 a year. The US average is $69,021 a year.