Toledo, Ohio (43623) is a great place to live with an affordable cost of living. The average 2 bedroom rent in the area is $860 which is significantly cheaper than the US average of $1,430. Grocery Cost Index in Toledo is 93 compared to the 100 in the US making it an even better deal for residents. There are several local companies that make it a great place for work and play such as Owens Corning, Dana Automotive Group, and Libbey Glass. With low rent costs and grocery prices, affordable housing and plenty of jobs, Toledo is an ideal city to call home.
Toledo (zip 43623) has an unemployment rate of 6.7%. The US average is 6.0%.
Toledo (zip 43623) 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 43623)
- The Sales Tax Rate for Toledo (zip 43623) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Toledo (zip 43623) 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 43623)
- The average income of a Toledo (zip 43623) resident is $30,408 a year. The US average is $28,555 a year.
- The Median household income of a Toledo (zip 43623) resident is $62,142 a year. The US average is $69,021 a year.