What salary do you need to live in Toledo, OH?

The cost side of living in Toledo

Renters in Toledo pay a median $975 a month for two bedrooms. Size matters: one bedroom is $710, three bedrooms $1,144, so going from the smallest to the largest of the three adds $5,208 a year.

The median value of owner-occupied homes in the metro is $176,300. Against a median household income of $65,486, the ratio is 2.7× — one of the gentler home-price-to-income ratios in the country.

The Regional Price Parity, BEA's index of local prices with the US at 100, is 91.5 here. Below 100 means a paycheck stretches further: $100,000 in Toledo has the buying power of roughly $109,343 at national average prices.

How much you need to earn in Toledo

For two bedrooms, $97,000 is where Toledo turns Comfortable. Below that, $48,000 marks the start of Okay and $24,000 the start of Tight; under $24,000 the score reads Stretched. Rent at the Comfortable line is 12% of gross pay.

Royal, the top band, starts at $294,000. At that income rent is 4% of pay and the median home 0.6× income.

These lines come straight from the calculator's formula: the income is raised until the two-bedroom score crosses each cutoff, then rounded up to the next $1,000.

Toledo at four common salaries

At $75,000 home size barely changes the picture: one, two and three bedrooms all grade Okay, with scores from 55 to 63.

Read down the two-bedroom column and the first Comfortable row is $100,000, consistent with the $97,000 line above.

How Toledo ranks among 387 metros

Out of 387 metros, Toledo has the 260th highest price parity and the 314th highest two-bedroom rent, which puts it in the middle half on overall prices and in the bottom quarter on rent.

For a sense of scale, the metros just above and below it on two-bedroom rent are Bowling Green, KY ($976) and Casper, WY ($974).

Comparing Toledo with Ohio

How Toledo stacks up against its state: $975 for a two-bedroom against Ohio's $1,063, $176,300 for the median home against $214,800, and a price level of 91.5 against 92.8.

On statewide medians, a two-bedroom budget reaches Comfortable at $114,000 — above Toledo's $97,000 line.

Within Ohio, the metros closest to Toledo on rent and overall prices are Lima, OH, Dayton-Kettering-Beavercreek, OH, and Sandusky, OH. Their Comfortable lines for two bedrooms sit at $88,000, $108,000, and $97,000.

The median Toledo household

A household at the Toledo median income of $65,486 would see a two-bedroom score of 54 — Okay — with rent at 18% of income. Reaching Comfortable would take $31,514 more than the median household earns. Statewide, the Ohio median household ($71,389) grades Okay on the state's own medians. Since a household can have two or more earners, compare it with a combined income rather than one paycheck.

These are pre-tax estimates from public statistics, not financial advice.